Common use of Grantor Management of Investment Clause in Contracts

Grantor Management of Investment. Unless the Xxxx XXX or a portion of the Xxxx XXX is a managed Xxxx XXX, you have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house where the transaction is executed; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, section 9.03 of this article). We will have no discretion to direct any investment in your Xxxx XXX. We assume no responsibility for rendering investment advice with respect to your Xxxx XXX, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your Xxxx XXX. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we will have the right to hold any uninvested amounts in cash, and we will have no responsibility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX unless you provide timely written directions acceptable to us. You will select the investment for your Xxxx XXX assets from those investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in Xxxx IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts). We may, in our sole discretion, make available to you, additional investment offerings, that will be limited to publicly-traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in the ordinary course of our business.

Grantor Management of Investment. Unless the Xxxx XXX IRA or a portion of the Xxxx XXX IRA is a managed Xxxx XXXIRA, you have exclusive responsibility for and control over the investment of the assets of your Xxxx XXXIRA. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house where the transaction is executed; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX IRA assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, section 9.03 8.03 of this article). We will have no discretion to direct any investment in your Xxxx XXXIRA. We assume no responsibility for rendering investment advice with respect to your Xxxx XXXIRA, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your Xxxx XXXIRA. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we will have the right to hold any uninvested amounts in cash, and we will have no responsibility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX IRA unless you provide timely written directions acceptable to us. You will select the investment for your Xxxx XXX IRA assets from those investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in Xxxx IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts). We may, in our sole discretion, make available to you, additional investment offerings, that will be limited to publicly-traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in the ordinary course of our business.

Grantor Management of Investment. Unless the Xxxx XXX HSA or a portion of the Xxxx XXX HSA is a managed Xxxx XXXHSA, you have exclusive responsibility for and control over the investment of the assets of your Xxxx XXXHSA. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house clearinghouse where the transaction is executed; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, section 9.03 of this article). We will have no discretion to direct any investment in your Xxxx XXXHSA. We assume no responsibility for rendering investment advice with respect to your Xxxx XXXHSA, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your Xxxx XXXHSA. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we will have the right to hold any uninvested amounts in cash, and we will have no responsibility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX HSA unless you provide timely written directions acceptable to us. You will select the investment for your Xxxx XXX HSA assets from those investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in Xxxx IRAs HSAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts). We may, in our sole discretion, make available to you, additional investment offerings, that will be limited to publicly-traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in the ordinary course of our business.