Distributions and Sales Made at the Discretion of the Custodian Sample Clauses

Distributions and Sales Made at the Discretion of the Custodian. The Custodian shall have the right and authority within this Agreement to distribute the entire balance of a Depositor’s Custodial Account to the Depositor upon the Depositor’s failure to timely appoint a successor trustee or custodian to receive the balance of the Depositor’s Custodial Account upon one or more of the following events: the Depositor’s refusal to consent to an amendment made by the Custodian to this Agreement, the Depositor’s unauthorized amendment of this Agreement or the Custodian’s resignation, termination or required substitution. Further, the Custodian shall have the right and authority within this Agreement to distribute all or a portion of the balance of a Depositor’s Custodial Account to the Depositor upon the Depositor’s failure to timely appoint a successor trustee or custodian to receive all or a portion of the Depositor’s Custodial Account to the extent the Custodial Account fails to comply with the Custodian’s investment guidelines and procedures. The Custodian also shall have the right and authority within this Agreement to distribute specific assets to the Depositor or to sell specific assets of a Depositor’s Custodial Account to the extent necessary in order to fulfill their duties as custodian. Distributions at the discretion of the Custodian shall be made without the necessity of receipt of any written request for a distribution from the Depositor.
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Related to Distributions and Sales Made at the Discretion of the Custodian

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