Common use of Annual Accounting Clause in Contracts

Annual Accounting. The Custodian shall, at least annually, provide the Designated Beneficiary (or the Responsible Individual, if applicable) with an accounting of such Designated Beneficiary's account. Such accounting shall be deemed to be accepted by the Designated Beneficiary, if the Designated Beneficiary (or Responsible Individual) does not object in writing within 60 days after the mailing of such accounting.

Appears in 15 contracts

Samples: Coverdell Education Savings Account Application & Adoption Agreement, Coverdell Education Savings Custodial Account, Coverdell Education Savings Account Custodial Agreement

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Annual Accounting. The Custodian shall, at least annually, provide the Account Beneficiary or Designated Beneficiary (or in the Responsible Individual, if applicablecase of death) with an accounting of such Designated Account Beneficiary's account. Such accounting shall be deemed to be accepted by the Account Beneficiary or Designated Beneficiary, if the Account Beneficiary or Designated Beneficiary (or Responsible Individual) does not object in writing within 60 days after the mailing of such accountingaccounting statement.

Appears in 6 contracts

Samples: Health Savings Account Agreement, Fully Disclosed Clearing Agreement, Health Savings Account Agreement

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Annual Accounting. The Custodian shall, at least annually, provide the Designated Beneficiary (or the Responsible Individual, if applicable) with an accounting of such Designated Beneficiary's ’s account. Such accounting shall be deemed to be accepted by the Designated Beneficiary, if the Designated Beneficiary (or Responsible Individual) does not object in writing within 60 days after the mailing of such accounting.

Appears in 4 contracts

Samples: Coverdell Education Savings Account Custodial Agreement, Coverdell Education Savings Account Custodial Agreement, Coverdell Education Savings Account Custodial Agreement

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