Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–type fund, (2) securities, (3) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 12 contracts
Samples: Traditional Ira Adoption Agreement, Traditional Ira Adoption Agreement, Traditional Ira Adoption Agreement
Liquidation of Assets. If the Custodian or Financial Institution must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s the Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will may be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–type fund, (2) mutual funds, starting with largest position, (3) securities, (34) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 10 contracts
Samples: Traditional Ira Custodial Account Agreement, Account Application and Agreement, Account Application and Agreement
Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent held in the Account: (1a) any shares of a money market fund or money market–type fund, (2b) securities, (3c) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 5 contracts
Samples: Roth Ira Adoption Agreement, Roth Individual Retirement Account (Ira) Adoption Agreement, Roth Ira Adoption Agreement
Liquidation of Assets. If the Custodian or Financial Institution must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s the Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will may be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–market type fund, (2) mutual funds, starting with largest position, (3) securities, (34) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 3 contracts
Samples: Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Agreement
Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent held in the Account: (1a) any shares of a money market fund or money market–market type fund, (2b) securities, (3c) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 3 contracts
Samples: Simple Ira Adoption Agreement, Simple Ira Adoption Agreement, Simple Ira Adoption Agreement
Liquidation of Assets. If the Custodian or Financial Institution must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s the Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will may be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–type fund, (2) securities, (3) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.,
Appears in 3 contracts
Samples: Roth Ira Custodial Account Agreement, Roth Ira Custodial Account Agreement, Traditional Ira Custodial Account Agreement
Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–– type fund, (2) securities, (3) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 2 contracts
Samples: Traditional Individual Retirement Account (Ira) Adoption Agreement, Traditional Individual Retirement Account (Ira) Adoption Agreement
Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, expenses or taxes assessed against a Participant’s 's Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent held in the Account: (1a) any shares of a money market fund or money market–-type fund, (2b) securities, (3c) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.
Appears in 1 contract
Samples: Traditional Individual Retirement Account (Ira) Disclosure Statement and Custodial Account Agreement
Liquidation of Assets. If the Custodian or Financial Institution must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s the Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will may be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–type fund, (2) mutual funds, starting with largest position, (3) securities, (34) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.not
Appears in 1 contract
Liquidation of Assets. If the Custodian or Financial Institution must liquidate assets in order to make distributions, transfer assets, or pay fees, expenses, or taxes assessed against a Participant’s the Account, and the Participant fails to instruct the Custodian as to the liquidation of such assets, assets will may be liquidated in the following order to the extent held in the Account: (1) any shares of a money market fund or money market–market type fund, (2) securities, (3) other assets. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.,
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