Common use of Custodian's Fees and Expenses Clause in Contracts

Custodian's Fees and Expenses. (a) The Account Beneficiary or Designated Beneficiary agrees to pay the Custodian any and all fees specified in the Custodian's current published fee schedule for establishing and maintaining this HSA, including any fees for distributions from, transfers from, and terminations of this HSA. The Custodian may change its fee schedule at any time by giving the Account Beneficiary or Designated Beneficiary 30 days prior written notice. (b) The Account Beneficiary or Designated Beneficiary agrees to pay any expenses incurred by the Custodian in the performance of its duties in connection with the account. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account. (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Account Beneficiary or Designated Beneficiary, but the Account Beneficiary or Designated Beneficiary shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial Funds, the Custodian reserves the right to withhold any payment from the Custodial account, to request a court ruling to determine the disposition of the Custodial assets, and to charge the Custodial account for any expenses incurred in obtaining such legal determination.

Appears in 6 contracts

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

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Custodian's Fees and Expenses. (a) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay the Custodian any and all fees specified in the Custodian's current published fee schedule for establishing and maintaining this HSAXXX, including any fees for distributions from, transfers from, and terminations of this HSAXXX. The Custodian may change its fee schedule at any time by giving the Account Beneficiary or Designated Beneficiary Depositor 30 days prior written notice. (b) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay any expenses incurred by the Custodian in the performance of its duties in connection with the account. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, a valuation fee from a qualified independent third party appraiser pursuant to section 8.02, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account. (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Account Beneficiary or Designated BeneficiaryDepositor, but the Account Beneficiary or Designated Beneficiary Depositor shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial Funds, the Custodian reserves the right to withhold any payment from the Custodial account, to request a court ruling to determine the disposition of the Custodial account assets, and to charge the Custodial account for any expenses incurred in obtaining such legal determination.

Appears in 1 contract

Samples: Fully Disclosed Clearing Agreement

Custodian's Fees and Expenses. (a) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay the Custodian any and all fees specified in the Custodian's current published fee schedule for establishing and maintaining this HSAIRA, including any fees for distributions from, transfers from, and terminations of this HSAIRA. The Custodian may change its fee schedule at any time by giving the Account Beneficiary or Designated Beneficiary Depositor 30 days prior written notice. In addition, the Depositor agrees to pay any brokerage commissions attributable to the purchase or sale of assets. (b) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay any expenses incurred by the Custodian in the performance of its duties in connection with the account. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account.. Traditional IRA (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Account Beneficiary or Designated BeneficiaryDepositor, but the Account Beneficiary or Designated Beneficiary Depositor shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial Funds, the Custodian reserves the right to withhold any payment from the Custodial account, to request a court ruling to determine the disposition of the Custodial account assets, and to charge the Custodial account for any expenses incurred in obtaining such legal determination.

Appears in 1 contract

Samples: Custodial Account Agreement (National Investors Cash Management Fund Inc)

Custodian's Fees and Expenses. (a) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay the Custodian any and all fees specified in the Custodian's current published fee schedule for establishing es tablishing and maintaining this HSAXxxx XXX, including but not limited to any fees for distributions from, transfers from, and terminations of this HSAXxxx XXX. The Custodian may change its fee schedule at any time by giving the Account Beneficiary or Designated Beneficiary Depositor 30 days prior written notice. (b) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay any expenses incurred by the Custodian in the performance of its duties in connection with the accountac count. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account. (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Account Beneficiary or Designated BeneficiaryDepositor, but the Account Beneficiary or Designated Beneficiary Depositor shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial FundsF unds, the Custodian reserves the right to withhold any payment from the Custodial accountAccount, to request a court ruling to determine the disposition of the Custodial assets, and to charge the Custodial account Account for any expenses incurred in obtaining such legal determination.

Appears in 1 contract

Samples: Traditional and Roth Individual Retirement Account Custodial Agreement

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Custodian's Fees and Expenses. (a) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay the Custodian any and all fees specified in the Custodian's current published fee schedule for establishing and maintaining this HSAXxxx XXX, including but not limited to any fees for distributions from, transfers from, and terminations of this HSAXxxx XXX. The Custodian may change its fee schedule at any time by giving the Account Beneficiary or Designated Beneficiary Depositor 30 days prior written notice. In addition, the Depositor agrees to pay any brokerage commissions attributable to the purchase or sale of assets. (b) The Account Beneficiary or Designated Beneficiary Depositor agrees to pay any expenses incurred by the Custodian in the performance of its duties in connection with the account. Such expenses include, but are not limited to, administrative expenses, such as legal and accounting fees, and any taxes of any kind whatsoever that may be levied or assessed with respect to such account. (c) All such fees, taxes, and other administrative expenses charged to the account shall be collected either from the assets in the account or from any contributions to or distributions from such account if not paid by the Account Beneficiary or Designated BeneficiaryDepositor, but the Account Beneficiary or Designated Beneficiary Depositor shall be responsible for any deficiency. (d) In the event that for any reason the Custodian is not certain as to who is entitled to receive all or part of the Custodial Funds, the Custodian reserves the right to withhold any payment from the Custodial accountAccount, to request a court ruling to determine the disposition of the Custodial custodial assets, and to charge the Custodial account Account for any expenses incurred in obtaining such legal determination.

Appears in 1 contract

Samples: Custodial Account Agreement (National Investors Cash Management Fund Inc)

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