Common use of No Merger, Consolidation or Transfer Clause in Contracts

No Merger, Consolidation or Transfer. Anything herein to the contrary notwithstanding, the Custodial Account shall under no circumstances be operated as to permit, and nothing herein contained shall be deemed to authorize, any merger, consolidation, or transfer of the assets or liabilities of a Participant in a Participating Plan with or to any other Participating Plan except in compliance with the provisions of the Code which are applicable to such mergers, consolidations, or transfers, including without limitation Section 403(b) of the Code and Regulations promulgated pursuant to the foregoing Sections.

No Merger, Consolidation or Transfer. Anything herein to the contrary notwithstanding, the Custodial Account shall under no circumstances be operated as to permit, and nothing herein contained shall be deemed to authorize, any merger, consolidation, or transfer of the assets or liabilities of a Participant in a Participating Partici pating Plan with or to any other Participating Plan except in compliance with the provisions of the Code which are applicable to such mergers, consolidations, or transfers, including without limitation Section 403(b) of the Code and Regulations promulgated pursuant to the foregoing Sections.

No Merger, Consolidation or Transfer. Anything herein to the contrary notwithstanding, the Custodial Account shall under no circumstances be operated as to permit, and nothing herein contained shall be deemed to authorize, any merger, consolidation, or transfer of the assets or liabilities of a Participant in a Participating Plan with or to any other Participating Plan except in compliance with the provisions of the Code which are applicable to such mergers, consolidations, or transfers, including without limitation Section 403(b457(b) of the Code and Regulations promulgated pursuant to the foregoing Sections.