Prohibited Investments. No investments other than those described above shall constitute Approved Investments, and prohibited investments shall include, but not be limited to
i. Obligations issued by the central government of any OECD country and any of their respective agencies, instrumentalities or establishments (“OECD obligations”) (This prohibition does not include United States, which is an Approved Investment)
ii. Obligations issued by “supranational organizations”
iii. Asset-backed securities (excludes Asset-backed Commercial Paper)
iv. Collective investment vehicles sponsored or advised by Bank or a Bank Affiliate v. Common stock
Prohibited Investments. I acknowledge and agree that neither the Custodian nor I may terminate the Account upon 30 days notice written notice to the Administrator. the Administrator will make any determination as to whether any transaction or investment in Such notice will not be effective unless I designate a successor trustee, custodian, or my Account is prohibited under any other state or federal law. I accept full other account to which the assets of my Account will be transferred. I understand that the responsibility to ensure that the investments in my account comply with all applicable Custodian and the Administrator may resign by giving me written notice at least 30 days federal and state laws, regulations and requirements. Each investment direction I or my prior to the effective date of such resignation. I understand that if I fail to notify the Representative provides shall constitute a representation that such direction complies with Administrator of the appointment of such a successor trustee, custodian, or other all applicable federal and state laws, regulations and requirements. account within such 30 day period, then the assets held by the Custodian in my Account (whether in cash or personal or real property, wherever located, and regardless of value)
Prohibited Investments. No part of the custodial funds shall be invested in life insurance contracts, nor may the assets of any Participant's Account be commingled with other property except in a common trust fund or common investment fund [within the meaning of Code Section 408(a)(5)]. All funds shall be invested in shares of such Mutual Funds as Participant shall designate.
Prohibited Investments. All other investments not specifically listed as Allowable Investments in Schedule A.
Prohibited Investments. I acknowledge and agree that neither the Custodian nor the Administrator will make any determination as to whether any transaction or investment in my Account is prohibited under any other state or federal law. I accept full responsibility to ensure that the investments in my account comply with all applicable federal and state laws, regulations and requirements. Each investment direction I or my Representative provides shall constitute a representation that such direction complies with all applicable federal and state laws, regulations and requirements. Prohibited Transactions: I understand that my account is subject to the provisions of Internal Revenue Code (IRC) Section 4975, which defines certain prohibited transactions. I acknowledge and agree that neither the Custodian nor the Administrator will make any determination as to whether any transaction or investment in my account is prohibited under sections 4975, 408(e) or 408A, or under any other state or federal law. I accept full responsibility to ensure that none of the investments in my account will constitute a prohibited transaction and that the investments in my account comply with all applicable federal and state laws, regulations and requirements. Tax Reporting and Statements: Custodian will provide ministerial custodial services and therefore WILL NOT provide any tax forms to the Account Owner or the IRS. The Account Owner and/or responsible party (who may be the Account Owner’s Representative) will be responsible to obtain tax reporting documents directly from investment sponsors/managers with whom the Account holds an investment interest (“Investment Sponsor”). Custodian will furnish Account Owners and/or Representatives annually with a statement regarding all the transactions and activities executed under this Agreement. Account Owner is responsible for the preparation and filing of any tax returns associated with the Account.
Prohibited Investments. In addition to any applicable insurance legislation prohibitions:
Prohibited Investments. Notwithstanding anything to the contrary stated herein, no funds of Texas CLASS may be invested in the following or in any other type of investment prohibited by the Investment Act or other applicable law:
1. Obligations whose payment represents the coupon payments on the outstanding principal balance of the underlying mortgage-backed security collateral and pays no principal (IO’s);
Prohibited Investments. 1. Equity Securities
Prohibited Investments. Direct investment in derivatives is prohibited; however a qualifying Mutual Fund as defined in Note 2 may use interest rate swaps, futures, or options to hedge against changes in interest rates and lock in yields.
Prohibited Investments. I acknowledge and agree that neither the Custodian nor the Administrator will make any determination as to whether any transaction or investment in my Account is prohibited under any other state or federal law. I accept full responsibility to ensure that the investments in my account comply with all applicable federal and state laws, regulations and requirements. Each investment direction I or my Representative provides shall constitute a representation that such direction complies with all applicable federal and state laws, regulations and requirements. Prohibited Transactions: I understand that my account is subject to the provisions of Internal Revenue Code (IRC) Section 4975, which defines certain prohibited transactions. I acknowledge and agree that neither the Custodian nor the Administrator will make any determination as to whether any transaction or investment in my account is prohibited under sections 4975, 408(e) or 408A, or under any other state or federal law. I accept full responsibility to ensure that none of the investments in my account will constitute a prohibited transaction and that the investments in my account comply with all applicable federal and state laws, regulations and requirements. Unrelated Business Income Tax: I understand that my account is subject to the provisions of IRC Sections 511-514 relating to Unrelated Business Taxable Income (UBTI) of tax- exempt organizations. I agree that if I direct the Administrator to make an investment in my account which generates UBTI, I will be responsible for preparing or having prepared the required IRS Form 990-T tax return, an application for an Employer Identification Number (EIN) for my account, and any other documents that may be required, and to submit them to the Administrator for filing with the Internal Revenue Service at least ten (10) days prior to the date on which the return is due, along with an appropriate directive authorizing the Administrator to execute the forms on behalf of my account and to pay the applicable tax from the assets in my account. I understand that the Custodian and the Administrator do not make any determination of whether or not investments in my account generate UBTI; have no duty to and do not monitor whether or not my account has incurred UBTI; and do not prepare Form 990-T on behalf of my account. Responsibility for determining eligibility and tax consequences: I assume complete responsibility for 1) determining that I am eligible to make a contrib...
