Common use of Liquidation of Assets Clause in Contracts

Liquidation of Assets. We have the right to liquidate assets in your Investment Account if necessary to make distributions or to pay fees, expenses, taxes, penalties or surrender charges properly chargeable against your HSA. We will liquidate your investments in the same proportion as your investment holdings, and you agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution request.

Appears in 18 contracts

Samples: Custodial Agreement, Custodial Agreement and Disclosure Statement, Custodial Agreement

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Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties penalties, or surrender charges properly chargeable against your HSA. We If you fail to direct us as to which assets to liquidate, we will liquidate your investments decide, in the same proportion as your investment holdingsour complete and sole discretion, and you agree to not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution requestdecision.

Appears in 13 contracts

Samples: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement

Liquidation of Assets. We have The Custodian has the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties or surrender charges properly chargeable against your HSA. We The Custodian will liquidate your investments in the same proportion as your investment holdings, and you agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution request.

Appears in 7 contracts

Samples: Custodial Agreement and Disclosure Statement, Custodial Agreement, Custodial Agreement and Disclosure Statement

Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties expenses or surrender charges taxes properly chargeable against your HSA. We If you fail to direct us to which assets to liquidate, we will liquidate your investments decide in the same proportion as your investment holdings, our complete and sole discretion and you agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution requestdecision.

Appears in 5 contracts

Samples: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement

Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties expenses or surrender charges taxes properly chargeable against your HSA. We If you fail to direct us as to which assets to liquidate, we will liquidate your investments decide in the same proportion as your investment holdings, our complete and sole discretion and you agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution requestdecision.

Appears in 1 contract

Samples: Account Agreement

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Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to distributions, pay our fees, expenses, indemnities, taxes, federal tax levies, and penalties or surrender charges properly chargeable against your HSA. We will liquidate your investments in the same proportion as your investment holdings, and you You agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount damages or loss associated with such liquidation of your requested distribution due to market fluctuations during the time period for processing your distribution requestassets.

Appears in 1 contract

Samples: Health Savings Custodial Account Agreement

Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties Federal tax levies or surrender charges other assessments properly chargeable against your HSA. We If you fail to direct us to which assets to liquidate, we will liquidate your investments decide in the same proportion as your investment holdings, our complete and sole discretion and you agree not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution requestdecision.

Appears in 1 contract

Samples: Custodial Agreement

Liquidation of Assets. We have the right to liquidate assets in your Investment Account HSA if necessary to make distributions or to pay fees, expenses, taxes, penalties or surrender charges properly chargeable against your HSA. We will liquidate your investments in the same proportion as your investment holdings, holdings and you agree to not to hold us liable for any adverse consequences that may result from our decision to liquidate investments in this that order. You understand that you might not receive the total amount of your requested distribution due to market fluctuations during the time period for processing your distribution request.

Appears in 1 contract

Samples: Health Savings Account Custodial Agreement

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