Common use of No Prohibited Transactions Clause in Contracts

No Prohibited Transactions. If this account stops being a Xxxx XXX to this agreement. The IRS refers to you as the depositor, and us as the because you or your beneficiary engaged in a prohibited transaction, custodian. References to "you," "your," and "Xxxx XXX owner" will mean this account is treated as distributing all its assets to you at its fair the depositor, and "we," "us," and "our" will mean the custodian. The market value on the first day of the year. If the total value is more terms "you" and "your" will apply to you. In the event you appoint a third than your basis in the Xxxx XXX, you will have a taxable gain that is party, or have a third party appointed on your behalf to handle certain includible in your income.