Common use of Investment Restrictions Clause in Contracts

Investment Restrictions. The Program Sponsor shall direct the Custodian to purchase or sell only securities that comply with the Custodian’s and/or its affiliates’ and/or agents’ policies and procedures relating to acceptable securities, and that comply with all applicable rules, regulations, customs and uses of any exchange, market, clearinghouse or self-regulatory organization and applicable state and federal laws and regulations. The Custodian will hold only those categories of assets mutually agreed to between the Program Sponsor and the Custodian. The Program Sponsor may add or remove types, categories, or classes of assets or investments only with the consent of the Custodian. Further, the Program Sponsor may limit the available investment options under its investment programs, and may impose separate limitations for different Custodial Accounts or for terminated participants. Nothing in this Article shall be construed to impose investment discretion on the Custodian or its affiliates.

Investment Restrictions. The Program Sponsor shall direct the Custodian to purchase or sell only securities that comply with the Custodian’s and/or its affiliates’ and/or agents’ affiliate’s policies and procedures relating to acceptable securities, and that comply with all applicable rules, regulations, customs and uses of any exchange, market, clearinghouse or self-self- regulatory organization and applicable state and federal laws and regulations. The Custodian will hold only those categories of assets mutually agreed to between the Program Sponsor and the Custodian. The Program Sponsor may add or remove types, categories, or classes of assets or investments only with the consent of the Custodian. Further, the Program Sponsor may limit the available investment options under its investment programs, and may impose separate limitations for different Custodial Accounts or for terminated participants. Nothing in this Article shall be construed to impose investment discretion on the Custodian or its affiliates.

Investment Restrictions. The Program Sponsor shall direct the Custodian to purchase or sell only securities that comply with the Custodian’s and/or its affiliates’ and/or agents’ affiliate’s policies and procedures relating to acceptable securities, and that comply with all applicable rules, regulations, customs and uses of any exchange, market, clearinghouse or self-self- regulatory organization and applicable state and federal laws and regulations. The Custodian will hold only those categories of assets mutually agreed to between the Program Sponsor and the Custodian. The Program Sponsor may add or remove types, categories, or classes of assets or investments only with the consent of the Custodian. Further, the Program Sponsor may limit the available investment options under its investment programs, and may impose separate limitations for different Custodial Accounts or for terminated participantsParticipants. Nothing in this Article shall be construed to impose investment discretion on the Custodian or its affiliates.

Investment Restrictions. The Program Sponsor shall direct the Custodian to purchase or sell only securities that comply with the Custodian’s and/or its affiliates’ and/or agents’ policies and procedures relating to acceptable securities, and that comply with all applicable rules, regulations, customs and uses of any exchange, market, clearinghouse or self-regulatory organization and applicable state and federal laws and regulations. The Custodian will hold only those categories of assets mutually agreed to between the Program Sponsor and the Custodian. The Program Sponsor may add or remove types, categories, or classes of assets or investments only with the consent of the Custodian. Further, the Program Sponsor may limit the available investment options under its investment programs, and may impose separate limitations for different Custodial Accounts or for terminated participantsParticipants. Nothing in this Article shall be construed to impose investment discretion on the Custodian or its affiliates.