Common use of Amendment and Termination Clause in Contracts

Amendment and Termination. a. The Custodian may amend the custodial account (including retroactive amendments) by delivering to the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. The depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 222 contracts

Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement

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Amendment and Termination. a. (a) The Custodian may amend the custodial account Custodial Account (including retroactive amendments) by delivering to the depositor Depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor Depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor Depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor Depositor or his or her beneficiaries. b. (b) The depositor Depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. (c) The custodial account shall automatically terminate upon distribution to the depositor Depositor or his or her beneficiaries of its entire balance.

Appears in 13 contracts

Samples: Individual Retirement Custodial Account Agreement (Fiduciary Capital Growth Fund Inc), Individual Retirement Custodial Account Agreement (Hennessy Funds Inc), Individual Retirement Custodial Account Agreement (Fmi Funds Inc)

Amendment and Termination. a. (a) The Custodian custodian may amend the custodial account Custodial Account (including retroactive amendments) by delivering to the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. (b) The depositor may terminate the custodial account at any time by delivering to the Custodian custodian a written notice of such termination. c. (c) The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 5 contracts

Samples: Individual Retirement Custodial Account Agreement (Fiduciary Capital Growth Fund Inc), Individual Retirement Custodial Account Agreement (Fmi Funds Inc), Individual Retirement Custodial Account Agreement (Hennessy Funds Inc)

Amendment and Termination. a. The Custodian custodian may amend the custodial account Custodial Account (including retroactive amendments) by delivering to the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. The depositor may terminate the custodial account at any time by delivering to the Custodian custodian a written notice of such termination. c. The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 4 contracts

Samples: Individual Retirement Custodial Account Agreement (Prudent Bear Funds Inc), Individual Retirement Custodial Account Agreement (Reynolds Funds Inc), Individual Retirement Custodial Account (Concorde Funds Inc)

Amendment and Termination. a. i. The Custodian may amend the custodial account Custodial Account (including retroactive amendments) by delivering to the depositor Depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor Depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor Depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor Depositor or his or her beneficiaries. b. The depositor Depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement (Reynolds Funds Inc)

Amendment and Termination. a. The Custodian may amend the custodial account Custodial Account (including retroactive amendments) by delivering to the depositor Depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor Depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor Depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor Depositor or his or her beneficiaries. b. The depositor Depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. The custodial account shall automatically terminate upon distribution to the depositor Depositor or his or her beneficiaries of its entire balance.

Appears in 1 contract

Samples: Individual Retirement Custodial Account (Concorde Funds Inc)

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Amendment and Termination. a. The Custodian may amend the custodial account (including retroactive amendments) by delivering to deliveringto the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. The depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 1 contract

Samples: Custodial Account Agreement

Amendment and Termination. a. (a) The Custodian may amend the custodial account (including retroactive amendments) by delivering to the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. (b) The depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. (c) The custodial account shall automatically terminate upon distribution to the depositor or his or her beneficiaries of its entire balance.

Appears in 1 contract

Samples: Individual Retirement Account Disclosure Statement & Custodial Account Agreement

Amendment and Termination. a. (a) The Custodian may amend the custodial account (including retroactive amendments) by delivering to the depositor written notice of such amendment setting forth the substance and effective date of the amendment. The depositor shall be deemed to have consented to any such amendment not objected to in writing by the depositor within thirty (30) days of receipt of the notice, provided that no amendment shall cause or permit any part of the assets of the custodial account to be diverted to purposes other than for the exclusive benefit of the depositor or his or her beneficiaries. b. (b) The depositor Depositor may terminate the custodial account at any time by delivering to the Custodian a written notice of such termination. c. (c) The custodial account shall automatically terminate upon distribution to the depositor Depositor or his or her beneficiaries of its entire balance.

Appears in 1 contract

Samples: Individual Retirement Account Disclosure Statement & Custodial Account Agreement

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