Common use of EXPENSES AND OTHER CHARGES Clause in Contracts

EXPENSES AND OTHER CHARGES. Except for any excise taxes that may be required by the Code to be paid by you, any income taxes or other taxes of any kind whatsoever that may be levied or assessed upon or in respect of the Account, including any penalty for the early withdrawal from a time deposit investment, any transfer taxes incurred in connection with the investment and reinvestment of the assets of the Account, all other administrative expenses incurred by the Custodian in the performance of its duties, such compensation to the Custodian as set forth in the fee schedule as from time to time amended by the Custodian in writing, and, to the extent directed by you in writing, the fees of an investment advisor authorized to direct the investment of the Account, shall be paid from the Account assets.