Custodian’s Right Not to Follow Investment Directions Sample Clauses

Custodian’s Right Not to Follow Investment Directions. In addition, margin transactions and writing uncovered calls or puts are not permitted. Certain investments or classes of investments may pose administrative burdens to the Plan or Custodian and therefore, the Custodian also reserves the right not to process or accept such investments. The decision not to act on investment directions that the Custodian deems burdensome for administra- tive reasons should in no way be construed as a fiduciary decision or a determination concerning the prudence or advisability, legality or consequences of investing in the asset. The Account shall not be invested in life insurance contracts, nor in collectibles (within the meaning of Code Section 408(m), except as permitted by Code section 408(m)(3).
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Custodian’s Right Not to Follow Investment Directions. Margin transactions and writing uncovered calls or puts are not permitted. Certain investments or classes of investments may pose administrative burdens to the Plan or Custodian, and therefore, the Custodian also reserves the right not to process or accept such investments. The decision not to act on investment directions that the Custodian deems burdensome for administra- tive reasons should in no way be construed as a fiduciary decision or a determination concerning the prudence, advisability, legality or consequences of investing in the asset.
Custodian’s Right Not to Follow Investment Directions. In addition, margin transactions and writing uncovered calls or puts are not permitted. Certain investments or classes of investments may pose administrative burdens to the Plan or Custodian, and therefore, the Custodian also reserves the right not to process or accept such investments. The decision not to act on investment directions that the Custodian deems burdensome for administrative reasons should in no way be construed as a fiduciary decision or a determination concerning the prudence, advisability, legality or consequences of investing in the asset.

Related to Custodian’s Right Not to Follow Investment Directions

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