Common use of Other Investments Clause in Contracts

Other Investments. Other investments allowed by law, offered by the Sponsor and which the Custodian has agreed in writing with the Sponsor to hold in the Custodial Account. (Fund Shares and such other investments are referred to collectively as "Investments"). A receipt for each contribution received and showing the investment thereof and current status of the Custodial Account with respect to each Participant shall be prepared by the Custodian and delivered to the Employer. All dividends and capital gain distributions received on the Fund Shares held by the Custodian in Custodial Account shall be reinvested in accordance with the respective Fund's current prospectus in such shares and credited to such Account. The Custodian shall furnish the Employer with a statement of the Custodial Account with respect to each Participant (including a statement as to each Participant's account) no less frequently than once a calendar year which shall be deemed to be the sole accounting by the Custodian necessary under this Agreement. If the Custodian does not receive a written objection to such accounting from the Employer within one hundred eighty (180) days after the date the accounting is sent by the Custodian, the Custodian shall be relieved from all liabilities and responsibilities that may arise in connection with any matters covered by the accounting.