Common use of Custodian Powers Clause in Contracts

Custodian Powers. The Custodian may adopt such rules end regulations as it may deem necessary or desirable for the efficient performance of its duties hereunder, consistent with the purposes of the Individual Retirement Custodial Account Agreement and the Application. Each Participant shall direct the manner in which any Designated Investment Company shares held in his Custodial Account shall be voted with respect to any matters coming before any meeting of shareholders of the investment company which issued such shares. The Custodian shall not vote shares held in the Custodial Account except as directed by the Participant. The Custodian shall deliver, or cause to be delivered, to the Participant all notices, prospectuses, financial statements, proxies, and proxy soliciting material relating to shares of Designated Investment Company stock held pursuant to this Individual Retirement Custodial Account. Subject to the limitations or requirements contained in this Custodial Account Agreement, the Custodian shall have the following powers: (a) To sell, exchange or otherwise deal with the assets of the Custodial Account as directed by the Participant; (b) To hold securities as Custodian in its own name or in the name of any nominee in such form that ownership of the securities will pass by delivery with or without disclosure of any fiduciary relationship provided the records of the Custodian shall indicate the true ownership of such securities; (c) To make distribution from the account of any Participant in cash or in property pursuant to the provisions of this Agreement; (d) To use the redemption price of the Designated Investment Company shares for purposes of determining the Fair Market Value of the assets held in the Custodial Account in the case of distribution; (e) To employ agents, attorneys or other persons, and to the extent permitted by law to allocate and delegate certain responsibilities and duties, including clerical and administrative duties; (f) To perform any and all other acts in its judgment necessary or appropriate for the proper and advantageous management, investment and distribution of the assets of this Custodial Account. In the event the Custodian shall be required to pay any tax with respect to this Custodial Account, the amount of such tax (including interest) shall be paid from end charged against the assets of the Custodial

Custodian Powers. The Custodian may adopt such rules end regulations as it may deem necessary delegate to one or desirable for more entities, including its affiliates, the efficient performance of its duties hereunderCustodian’s obligations under this Agreement and may appoint service providers, consistent with the purposes agents, sub- custodians and depositories, which may include Custodian’s affiliates, as to part or all of the Individual Retirement Custodial Account Agreement and the Application. Each Participant shall direct the manner in which any Designated Investment Company shares held in his Custodial Account shall be voted with respect to any matters coming before any meeting of shareholders assets of the investment company Account. The Custodian may hold securities or other Account property in book entry form or through another agent or nominee, including without limitation in an omnibus account arrangement. The Account Owner authorizes the Custodian to adjust the balance of the Account as necessary to correct administrative errors, including improperly allocated contributions, distributions, earnings or losses, and authorizes adjustments to the Account Owner’s designated checking or savings accounts to facilitate error corrections. In the event a check or other instrument is returned for insufficient funds, the balance of the Account will be subject to adjustment by the Custodian. If the Custodian receives instructions from the Account Owner (or, after the death of the Account Owner, a beneficiary) which issued are, in the opinion of the Custodian, incomplete, unclear or otherwise not acceptable, the Custodian may request additional instructions from the Account Owner (or beneficiary) and may, pending the Custodian’s receipt of such sharesinstructions, take no action until further clarification acceptable to the Custodian is received by the Custodian. The Custodian shall not vote shares held in the Custodial Account except as directed be liable to anyone for any loss resulting from delay caused by the Participant. The Custodian shall deliverdirections that are incomplete, unclear or cause to be delivered, otherwise not acceptable to the Participant all notices, prospectuses, financial statements, proxies, and proxy soliciting material relating to shares of Designated Investment Company stock held pursuant to this Individual Retirement Custodial AccountCustodian. Subject to the limitations or requirements contained Except as expressly provided otherwise in this Custodial Account Agreement, the Custodian shall have all the following powers: (a) To sellpowers generally conferred on HSA custodians under the Code. Additionally, exchange or otherwise deal with the assets of the Custodial Account as directed by the Participant; (b) To hold securities as Custodian in its own name or in the name of any nominee in such form that ownership of the securities will pass by delivery with or without disclosure of any fiduciary relationship provided the records of the Custodian shall indicate also have the true ownership of such securities; (c) To make distribution from the account of any Participant in cash or in property pursuant power to the provisions of this Agreement; (d) To use the redemption price of the Designated Investment Company shares for purposes of determining the Fair Market Value of the assets held in the Custodial Account in the case of distribution; (e) To employ agents, attorneys or other persons, and to the extent permitted by law to allocate and delegate certain responsibilities and duties, including clerical and administrative duties; (f) To perform any and all other acts in its judgment that it deems necessary or appropriate for the proper and advantageous management, investment and distribution custodial servicing of the assets of this Custodial Account. In the event the Custodian shall be required to pay any tax with respect to this Custodial Account, the amount of such tax (including interest) shall be paid from end charged against the assets of the Custodial.

Custodian Powers. The Custodian may adopt such rules end and regulations as it may deem necessary or desirable for the efficient performance of its duties hereunder, consistent with the purposes of the Individual Retirement Custodial Account Agreement and the Application. Each Participant shall direct the manner in which any Designated Investment Company shares held in his Custodial Account shall be voted with respect to any matters coming before any meeting of shareholders of the investment company which issued such shares. The Custodian shall not vote shares held in the Custodial Account except as directed by the Participant. The Custodian shall deliver, or cause to be delivered, to the Participant all notices, prospectuses, financial statements, proxies, and proxy soliciting material relating to shares of Designated Investment Company stock held pursuant to this Individual Retirement Custodial Account. Subject to the limitations or requirements contained in this Custodial Account Agreement, the Custodian shall have the following powers: (a) To sell, exchange or otherwise deal with the assets of the Custodial Account as directed by the Participant; (b) To hold securities as Custodian in its own name or in the name of any nominee in such form that ownership of the securities will pass by delivery with or without disclosure of any fiduciary relationship provided the records of the Custodian shall indicate the true ownership of such securities; (c) To make distribution from the account of any Participant in cash or in property pursuant to the provisions of this Agreement; (d) To use the redemption price of the Designated Investment Company shares for purposes of determining the Fair Market Value of the assets held in the Custodial Account in the case of distribution; (e) To employ agents, attorneys or other persons, and to the extent permitted by law to allocate and delegate certain responsibilities and duties, including clerical and administrative duties; (f) To perform any and all other acts in its judgment necessary or appropriate for the proper and advantageous management, investment and distribution of the assets of this Custodial Account. In the event the Custodian shall be required to pay any tax with respect to this Custodial Account, the amount of such tax (including interest) shall be paid from end and charged against the assets of the Custodial