Common use of No Investment Advice Clause in Contracts

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of Depositor's Custodial Account and shall not be liable for any loss which results from Xxxxxxxxx's exercise of control over his or her Custodial Account. The Depositor shall still have and exercise exclusive responsibility for control over the investment of the assets in his or her Custodial Account, and the Custodian shall not have any duty to question his or her investment directives. The Depositor hereby specifically acknowledges that neither the Custodian, nor any affiliate of the Custodian, is serving as a “fiduciary” as defined in Internal Revenue Code section 4975(e)(3) and therefore neither the Custodian nor any affiliate of the Custodian is

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of Depositor's Custodial Account and shall not be liable for any loss which results from Xxxxxxxxx's exercise of control over his or her Custodial Account. The Depositor shall still have and exercise exclusive responsibility for control over the investment of the assets in of his or her Custodial Account, and the Custodian shall not have any duty to question his or her investment directives. The Depositor hereby specifically acknowledges that neither the Custodian, nor any affiliate of the Custodian, is serving as a “fiduciary” as defined in Internal Revenue Code section 4975(e)(34975(e) (3) and therefore neither the Custodian nor any affiliate of the Custodian is providing any investment advice to the Depositor. To the extent any investment related information is