Common use of No Pledging Clause in Contracts

No Pledging. If you use a part of your Xxxx XXX as security for a your agent and, therefore, "you" for purposes of this agreement. loan, that part is treated as a distribution and is included in your gross Additionally, references to "Xxxx XXX" will mean the custodial account. income. You may have to pay the 10% additional tax on early For Additional Guidance. It is in your best interest to seek the guidance distributions. of a tax or legal professional before completing any Xxxx XXX 13. IRS Approval of Form. This agreement includes an IRS Forms 5305 establishment documents. For more information, you can also refer to IRS series agreement. Articles I through VIII of this IRS agreement have Publication 590-A, Contributions to Individual Retirement Arrangements been reviewed and approved by the IRS. This approval is not a (IRAs), IRS Publication 590-B, Distributions from Individual Retirement determination of its merits, and not an endorsement of the investments Arrangements (IRAs), instructions to your federal income tax return, or provided by us, or the operation of the Xxxx XXX. Article IX of this the IRS's website at xxx.xxx.xxx. IRS agreement contains additional contract provisions that have not Xxxx XXX Restrictions and Approval. been reviewed or approved by the IRS.

No Pledging. If you use a part of your Xxxx XXX 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. agent and, therefore, "you" for purposes of this agreement. loan, that part is treated as a distribution and is included in your gross Additionally, 13. IRS Approval of Form. This agreement includes an IRS Forms references to "Xxxx XXXIRA" will mean the custodial account. income5305 series agreement. You may have to pay the 10% additional tax on early Articles I through VII of this IRS agreement For Additional Guidance. It is in your best interest to seek the guidance distributions. of a tax or legal professional before completing any Xxxx XXX 13. IRS Approval of Form. This agreement includes an IRS Forms 5305 establishment documents. For more information, you can also refer to IRS series agreement. Articles I through VIII of this IRS agreement have Publication 590-A, Contributions to Individual Retirement Arrangements been reviewed and approved by the IRS. This approval is not a (IRAs), IRS Publication 590-B, Distributions from Individual Retirement of a tax or legal professional before completing any IRA establishment determination of its merits, and not an endorsement of the documents. For more information, you can also refer to IRS Publication investments Arrangements (IRAs), instructions to your federal income tax return, or provided by us, or the operation of the Xxxx XXXIRA. Article IX 590-A, Contributions to Individual Retirement Arrangements (IRAs), IRS VIII of this the IRS's website at xxx.xxx.xxx. IRS agreement contains additional contract provisions Publication 590-B, Distributions from Individual Retirement Arrangements that have not Xxxx XXX Restrictions and Approval. been reviewed or approved by the IRS.