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 this Xxxxxxxxx ESA and shall not be liable for any loss which results from the Designated Beneficiary's exercise of control over his account. The Custodian and Designated Beneficiary (or Depositor or Responsible Individual) may specifically agree in writing that the Custodian shall render such advice, but the Designated Beneficiary, Depositor or Responsible Individual shall still have and exercise exclusive responsibility for control over the investment of the assets of the account, and the Custodian shall not have any duty to question investment directives.