Common use of Multiple Individual Retirement Accounts Clause in Contracts

Multiple Individual Retirement Accounts. In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

Multiple Individual Retirement Accounts. In the event the depositor Depositor maintains more than one Individual Retirement Account individual retirement account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from for another individual retirement account in accordance with Item Paragraph 6 thereof, the depositor Depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account individual retirement account from which the distribution is made.

Multiple Individual Retirement Accounts. In the event the depositor Depositor maintains more than one Individual Retirement Account individual retirement account (as defined in Code Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from for another individual retirement account in accordance with Item Paragraph 6 thereof, the depositor Depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account Custodial Account in the same manner as under the Individual Retirement Account individual retirement account from which the distribution is made.

Multiple Individual Retirement Accounts. In the event the depositor Depositor --------------------------------------- maintains more than one Individual Retirement Account individual retirement account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from for another individual retirement account in accordance with Item Paragraph 6 thereof, the depositor Depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account individual retirement account from which the distribution is made.

Multiple Individual Retirement Accounts. In the event the depositor Depositor maintains more than one Individual Retirement Account individual retirement account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from for another individual retirement account in accordance with Item Paragraph 6 thereof, the depositor Depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account Custodial Account in the same manner as under the Individual Retirement Account individual retirement account from which the distribution is made.

Multiple Individual Retirement Accounts. In the event the depositor Depositor maintains more than one Individual Retirement Account individual retirement account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from for another individual retirement account in accordance with Item 6 thereof, the depositor Depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account individual retirement account from which the distribution is made.