Common use of No Pledging Clause in Contracts

No Pledging. If you use a part of your IRA as security for a loan, "you" and "your" will apply to you. In the event you appoint a third that part is treated as a distribution and is included in your gross party, or have a third party appointed on your behalf to handle certain income. You may have to pay the 10% additional tax on early transactions affecting your IRA, such third party will be considered your distributions.

No Pledging. If you use a part of your IRA as security for a loan, "you" and "your" will apply to you. In the event you appoint a third that part is treated as a distribution and is included in your gross party, or have a third party appointed on your behalf to handle certain that part is treated as a distribution and is included in your gross transactions affecting your IRA, such third party will be considered your income. You may have to pay the 10% additional tax on early transactions affecting your IRAagent and, such third party will be considered your therefore, "you" for purposes of this agreement. Additionally, distributions.