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 the Depositor's Custodial Account and shall not be liable for any loss which results from the Depositor'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 providing any investment advice to the Depositor. To the extent any investment related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the DepositorXxxxxxxxx'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) (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 investment-related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the DepositorXxxxxxxxx'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) (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 investment-related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.primary

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the Depositor'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) (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 received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the DepositorXxxxxxxxx'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) (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 received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.any

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's ’s Custodial Account and shall not be liable for any loss which results from the Depositor's 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 andtheCustodianshallnothaveanyduty 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 questionhisor herinvestmentdirectives.TheDepositorherebyspecificallyacknowledgesthatneithertheCustodian,noranyaffiliateoftheCustodian,isservingas 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 investment- related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's ’s Custodial Account and shall not be liable for any loss which results from the Depositor's ’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 providing any investment advice to the Depositor. To the extent any investment related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the DepositorXxxxxxxxx'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) (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 investment‐related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.

No Investment Advice. The Custodian does not assume any responsibility for rendering advice with respect to the investment and reinvestment of the Depositor's Custodial Account and shall not be liable for any loss which results from the Depositor'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) (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 investment-related information is received by the Depositor from the Custodian or any affiliate of the Custodian, the Depositor agrees and acknowledges that such information (i) is not binding on the client, and (ii) does not serve as the primary basis for the selection or retention of any investments or investment decisions. The Depositor further acknowledges that the Custodian has no discretionary authority or control under the terms of this Agreement.