Fund Liquidation and Other Events Permitting Custodian’s Exercise of Administrative Discretion Sample Clauses

Fund Liquidation and Other Events Permitting Custodian’s Exercise of Administrative Discretion. 1. In the event that any asset held in the Custodial Account is redeemed or liquidated, matures, or is otherwise converted to cash for any reason and the Custodian does not receive timely instructions, or the instructions received cannot reasonably be carried out, or are ambiguous, the Responsible Individual expressly directs and authorizes the Custodian to take "Any Reasonable Course of Conduct" with respect to such proceeds.
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Fund Liquidation and Other Events Permitting Custodian’s Exercise of Administrative Discretion. (a) In the event that any asset held in the Account is redeemed or liquidated, matures, or is otherwise converted to cash for any reason and the Custodian does not receive timely instructions, or the instructions received cannot reasonably be carried out, or are ambiguous, the Employer and Participant each expressly directs and authorizes the Custodian to take "Any Reasonable Course of Conduct" (as defined in subsection (b) below) with respect to such proceeds.
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Related to Fund Liquidation and Other Events Permitting Custodian’s Exercise of Administrative Discretion

  • DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION 12.1 If the Issuer decides to redeem any Notes for the time being outstanding before their Maturity Date in accordance with the Conditions, the Issuer shall give notice of the decision to the Principal Paying Agent and, in the case of redemption of Registered Notes, the Registrar stating the date on which the Notes are to be redeemed and the nominal amount of Notes to be redeemed not less than 15 days before the date on which the Issuer will give notice to the Noteholders in accordance with the Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Conditions.

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