Common use of FEES, EXPENSES, TAXES AND PENALTIES Clause in Contracts

FEES, EXPENSES, TAXES AND PENALTIES. (a) The Depositor agrees to pay to the Custodian fees for services performed under this Agreement in an amount specified from time to time by the Custodian. Such fees may include, but are not limited to, a fee to establish the custodial account and the annual maintenance fee. The Custodian shall have the right to change such fees at any time without prior written notice to the Depositor. As soon as practicable after any change in fees, the Custodian shall make available to the Depositor a new fee schedule. All fees may be billed to the Depositor or deducted from the custodial account, at the discretion of the Custodian. The Custodian shall also be entitled to reimbursement for all reasonable and necessary costs, expenses and disbursement incurred by it in the performance of services. Such reimbursement shall be made from the account if not paid directly by the Depositor. (b) The Depositor shall be responsible for the payment of any income, transfer and other taxes of any kind that may be levied or assessed upon the custodial account, and all other administrative expenses reasonably incurred by the Custodian in the performance of its duties, including any fees for legal services provided to the Custodian. To the extent the Depositor fails to pay such taxes and expenses directly, the Custodian may, in its discretion, deduct them from the custodial account. (c) The Custodian shall not be responsible for excise or penalty taxes or interest imposed by the IRS by virtue of any premature distributions, over-contributions or excess accumulations with respect to the Depositor's account, or for the Depositor's failure to commence distributions at age 70 1/2, nor shall the Custodian be responsible for providing any tax or legal advice with respect to the account. The Custodian shall have no obligations to return any amounts withheld for federal income tax purposes from any distribution as to which the Depositor (or beneficiary, as applicable) has failed to provide a withholding election notice prior thereto. (d) Sales charges, if any, attributable to the acquisition of shares of a Mutual Fund as stated in its then current prospectus may be charged to the Depositor's account.

FEES, EXPENSES, TAXES AND PENALTIES. (a) The Depositor agrees to pay to the Custodian fees for services performed under this Agreement in an any amount specified from time to time by the Custodian. Such fees may include, but are not limited to, a fee to establish the custodial account Custodial Account and the annual maintenance fee. The Custodian shall have the right to change such fees at any time without prior written notice to the Depositor. As soon as practicable after any change in fees, the Custodian shall make available to the Depositor a new fee schedule. All fees may be billed to the Depositor or deducted from the custodial accountCustodial Account, at the discretion of the Custodian. The Custodian shall also be entitled to reimbursement for all reasonable and necessary costs, expenses expenses, and disbursement incurred by it in the performance of services. Such fees and reimbursement shall be made paid from the account Account if not paid directly by the Depositor and shall constitute a lien upon the Account until paid, and shall be paid from the Account unless paid by the Depositor. (b) The Depositor shall be responsible for the payment of any income, transfer and other taxes of any kind that may be levied or assessed upon the custodial accountCustodial Account, and all other administrative expenses reasonably incurred by the Custodian in the performance of its duties, including any fees for legal services provided to the Custodian. To the extent the Depositor fails to pay such taxes and expenses directly, the Custodian may, in its discretion, deduct them from the custodial accountCustodial Account. (c) The Custodian and Distributor shall not be responsible for excise or penalty taxes or interest imposed by the IRS by virtue of any premature distributions, over-contributions or excess accumulations with respect to the Depositor's account, or for the Depositor's failure to commence distributions at age 70 1/2, nor shall the Custodian and Distributor be responsible for providing any tax or legal advice with respect to the account. The Custodian shall have no obligations to return any amounts withheld for federal income tax purposes from any distribution as to which the Depositor (or beneficiary, as applicable) has failed to provide a withholding election notice prior thereto. (d) Sales charges, if any, attributable to the acquisition of shares of a Mutual Fund as stated in its then current prospectus may be charged to the Depositor's account.

FEES, EXPENSES, TAXES AND PENALTIES. (a) The Depositor agrees to pay to the Custodian fees for services performed under this Agreement agreement in an amount specified from time to time by the Custodian. , Such fees may include, but are not limited to, to a fee to establish the custodial account and the annual maintenance fee. The Custodian shall have the right to change any such fees at any time without prior written notice to the Depositor. As soon as practicable after any change in fees, the Custodian shall make available to the Depositor a new fee schedule. All fees may be billed to the Depositor or deducted from the custodial account, at the discretion of the Custodian. The Custodian shall also be entitled to reimbursement for all reasonable and necessary costs, expenses and disbursement incurred by it in the performance of services. Such reimbursement shall be made from the account if not paid directly by the Depositor. (b) The Depositor shall be responsible for the payment of any income, transfer and other taxes of any kind that may be levied or assessed upon the custodial account, and all other administrative expenses reasonably incurred by the Custodian in the performance of its duties, including any fees for legal services provided to the Custodian. To the extent the Depositor fails to pay such taxes and expenses directly, the Custodian may, in its discretion, deduct them from the custodial account. (c) The Custodian shall not be responsible for excise or penalty taxes or interest imposed by the IRS by virtue of any premature distributions, over-contributions or excess accumulations with respect to the Depositor's account, or for the Depositor's failure to commence distributions at age 70 1/2distributions, nor shall the Custodian be responsible for providing any tax or legal advice with respect to the account. The Custodian shall have no obligations to return any amounts withheld for federal income tax purposes from any distribution as to which the Depositor (or beneficiary, as applicable) has failed to provide a withholding election notice prior thereto. (d) Sales charges, if any, attributable to the acquisition of shares of a Mutual Fund as stated in its then current prospectus may be charged to the Depositor's account.

FEES, EXPENSES, TAXES AND PENALTIES. (a) The Depositor Participant agrees to pay to the Custodian fees for services performed under this Agreement in an amount specified from time to time by the Custodian. Such fees may include, but are not limited to, a fee to establish the custodial account and the annual maintenance fee. The Custodian shall have the right to change such fees at any time without prior written notice to the DepositorParticipant. As soon as practicable after any change in fees, the Custodian shall make available to the Depositor Participant a new fee schedule. All fees may be billed to the Depositor Participant or deducted from the custodial account, at the discretion of the Custodian. The Custodian shall also be entitled to reimbursement for all reasonable and necessary costs, expenses and disbursement incurred by it in the performance of services. Such reimbursement shall be made from the account if not paid directly by the DepositorParticipant. (b) The Depositor Participant shall be responsible for the payment of any income, transfer and other taxes of any kind that may be levied or assessed upon the custodial account, and all other administrative expenses reasonably incurred by the Custodian in the performance of its duties, including any fees for legal services provided to the Custodian. To the extent the Depositor Participant fails to pay such taxes and expenses directly, the Custodian may, in its discretion, deduct them from the custodial account. (c) The Custodian shall not be responsible for excise or penalty taxes or interest imposed by the IRS by virtue of any premature distributions, over-contributions or excess accumulations with respect to the DepositorParticipant's account, or for the DepositorParticipant's failure to commence distributions at age 70 1/2, nor shall the Custodian be responsible for providing any tax or legal advice with respect to the account. The Custodian shall have no obligations to return any amounts withheld for federal income tax purposes from any distribution as to which the Depositor Participant (or beneficiary, as applicable) has failed to provide a withholding election notice prior thereto. (d) Sales charges, if any, attributable to the acquisition of shares of a Mutual Fund as stated in its then current prospectus may be charged to the DepositorParticipant's account.