Common use of Processing Transactions Clause in Contracts

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant or Program Sponsor will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program Sponsor. The Custodian will have no responsibility to see that any Investment Directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Program Sponsor that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset without liability until proper directions are received from the Program Sponsor. If Investment Directions are incomplete or unclear, the Custodian must notify the Program Sponsor within a reasonable period of time. In the absence of proper Investment Directions, the Custodian will not be liable for interest, market gains or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant or Program Sponsor will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program Sponsor. Sponsor or its agents.. The Custodian will have no responsibility to see that any Investment Directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Program Sponsor that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset without liability until proper directions are received from the Program Sponsor. If Investment Directions are incomplete or unclear, the Custodian must notify the Program Sponsor within a reasonable period of time. In the absence of proper Investment Directions, the Custodian will not be liable for interest, market gains or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant or Program Sponsor will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program Sponsor. Upon application by the Participant, on a form acceptable to the Custodian and upon approval by the Custodian, the Custodian will accept non-written Instructions from the Participant or Program Sponsor subject to immediate confirmation of such Instructions by email or in writing by the Program Sponsor. The Custodian will have no responsibility to see that any Investment Directions investment directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Participant or the Program Sponsor that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset without liability until proper directions are received from the Participant or the Program Sponsor. If Investment Directions investment directions are incomplete or unclear, the Custodian must notify the Participant or the Program Sponsor within a reasonable period of time. In the absence of proper Investment Directionsinvestment directions, the Custodian will not be liable for interest, market gains or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant or Program Sponsor will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program Sponsor or its agents. Upon application by the Participant, on a form acceptable to the Custodian and upon approval by the Custodian, the Custodian will accept non-written Instructions from the Participant or Program Sponsor subject to immediate confirmation of such Instructions by email or in writing by the Program Sponsor. The Custodian will have no responsibility to see that any Investment Directions investment directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Participant or the Program Sponsor that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset without liability until proper directions are received from the Participant or the Program Sponsor. If Investment Directions investment directions are incomplete or unclear, the Custodian must notify the Participant or the Program Sponsor within a reasonable period of time. In the absence of proper Investment Directionsinvestment directions, the Custodian will not be liable for interest, market gains or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant Participant, Advisor, or Program Sponsor Plan Provider will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor Plan Provider which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program SponsorPlan Provider. The Custodian will have no responsibility to see that any Investment Directions investment directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Program Sponsor Plan Provider that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset un-invested without liability until proper directions are received from the Program SponsorPlan Provider. If Investment Directions investment directions are incomplete or unclear, the Custodian must notify the Program Sponsor Plan Provider within a reasonable period of time. In the absence of proper Investment Directionsinvestment directions, the Custodian will not be liable for interest, market gains gains, or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant Participant, Advisor, or Program Sponsor Plan Provider will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor Plan Provider and Advisor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program SponsorPlan Provider. The Custodian will have no responsibility to see that any Investment Directions investment directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Program Sponsor Plan Provider that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset un-invested without liability until proper directions are received from the Program SponsorPlan Provider. If Investment Directions investment directions are incomplete or unclear, the Custodian must notify the Program Sponsor Plan Provider within a reasonable period of time. In the absence of proper Investment Directionsinvestment directions, the Custodian will not be liable for interest, market gains gains, or losses on any cash balances maintained in the Custodial Account.

Processing Transactions. No investment transaction for the Custodial Account that is to be processed by the Custodian at the direction of the Participant Participant, Advisor or Program Sponsor Plan Provider will be processed until the Custodian receives the Instruction in proper form. Investment transactions will be processed either as soon as administratively practicable thereafter or, if later, on the scheduled date for processing. The Custodian may rely conclusively on all Instructions given by the Program Sponsor Plan Provider and Advisor which the Custodian believes to be genuine. The Custodian’s records of a transaction will be conclusive as the content of any Instructions. Unless otherwise agreed, Instructions shall generally be taken from the Program SponsorPlan Provider. The Custodian will have no responsibility to see that any Investment Directions investment directions comply with the terms of the Plan. However, if the Custodian receives any direction from the Program Sponsor Plan Provider that appears to the Custodian in its sole judgment to be incomplete or unclear, the Custodian will not be required to act on such directions and may hold uninvested any asset without liability until proper directions are received from the Program SponsorPlan Provider. If Investment Directions investment directions are incomplete or unclear, the Custodian must notify the Program Sponsor Plan Provider within a reasonable period of time. In the absence of proper Investment Directionsinvestment directions, the Custodian will not be liable for interest, market gains or losses on any cash balances maintained in the Custodial Account.