Common use of INVESTMENT OF YOUR IRA Clause in Contracts

INVESTMENT OF YOUR IRA. Under the terms of the Custodial Agreement, your contributions will be invested by the Custodian in full and fractional shares of the investment company or companies that you select. As provided in the Custodial Agreement, you may only invest your IRA Xxxds in shares of investment companies which are part of "The AIM Family of Funds --Registered Trademark--," which are managed or advised by subsidiaries of A I M Management Group Inc. You will be provided with a list of the investment companies from which you may choose to invest. Subject to the foregoing and to any additional restrictions described in the Custodial Agreement, you have complete control over the investment of your IRA Xxnds. The Custodian will not provide any form of investment advice or make investment recommendations of any type, so you will make all investment decisions on the basis of information you obtain from other sources. When you make a decision on how you wish to invest Funds held in your IRA, xxu should provide the Custodian with specific instructions, detailing your investment decision so that the Custodian can effectuate such investments as provided in your IRA Xxxtodial Agreement. If you fail to direct the Custodian as to the Investment of all or any portion of your IRA xxxount, the Custodian shall hold such uninvested amount in your account and shall incur no liability for interest or earnings thereon. All dividends and capital gain distributions received on shares of an investment company held in your IRA xxxl be reinvested in shares of that investment company, if available, which shall be credited to the Custodian account. Detailed information about the shares of the AIM fund(s) you select must be furnished to you in the form of prospectuses governed by rules of the Securities and Exchange Commission.

Appears in 5 contracts

Samples: Savings Agreement (Aim International Funds Inc), Savings Agreement (Aim Equity Funds Inc), Savings Agreement (Aim Investment Securities Funds Inc)

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INVESTMENT OF YOUR IRA. Under the terms of the Custodial Agreement, your contributions contribuxxxns will be invested by the Custodian in full and fractional shares of the investment company or companies that you select. As provided in the Custodial Agreement, you may only invest your IRA Xxxds Funds in shares of investment companies which are part of "The AIM XXX Family of Funds --Registered Trademark--," which are managed or advised by subsidiaries of A I M Management Group Inc. You will be provided with a list of the investment companies from which you may choose to invest. Subject to the foregoing and to any additional restrictions described in the Custodial Agreement, you have complete control over the investment of your IRA XxndsFunds. The Custodian will not provide any form of investment advice axxxce or make investment recommendations of any type, so you will make all investment decisions on the basis of information you obtain from other sources. When you make a decision on how you wish to invest Funds held in your IRA, xxu you should provide the Custodian with specific instructions, detailing xxxailing your investment decision so that the Custodian can effectuate such investments as provided in your IRA Xxxtodial Custodial Agreement. If you fail to direct the Custodian as to the xxx Investment of all or any portion of your IRA xxxountaccount, the Custodian shall hold such uninvested amount in your yoxx account and shall incur no liability for interest or earnings thereon. All dividends and capital gain distributions received on shares of an investment company held in your IRA xxxl will be reinvested in shares of that investment company, if availableavaxxxble, which shall be credited to the Custodian account. Detailed information about the shares of the AIM fund(s) you select must be furnished to you in the form of prospectuses governed by rules of the Securities and Exchange Commission.

Appears in 1 contract

Samples: Savings Agreement (Aim Growth Series)

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