Common use of Prohibited Transactions Clause in Contracts

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any Depositor, any member of a Depositor's family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 25 contracts

Samples: Custodial Agreement, Custodial Agreement & Disclosure Statement, Custodial Agreement & Disclosure Statement

AutoNDA by SimpleDocs

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account Custodial Account to; : pay any compensation for personal services rendered to the account toCustodial Account; make any part of its services available on a preferential basis tobasis; or acquire for the account Custodial Account any property, other than cash, from; , or sell any property to, any Depositor, any member of a Depositor's family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 22 contracts

Samples: Roth Individual Retirement Account Custodial Agreement, Roth Individual Retirement Account Custodial Agreement, Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any DepositorDesignated Beneficiary, any member of a DepositorDesignated Beneficiary's family, or a corporation controlled by any Depositor Designated Beneficiary through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 12 contracts

Samples: Coverdell Education Savings Account Agreement, Coverdell Education Savings Account Agreement, Coverdell Education Savings Account Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account Custodial Account to; pay any compensation for personal services rendered to the account Custodial Account to; make any part of its services available on a preferential basis to; acquire for the account Custodial Account any property, other than cash, from; or sell any property to, any Depositor, any member of a Depositor's family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 8 contracts

Samples: Traditional Individual Retirement Account Custodial Agreement, Roth Individual Retirement Account Custodial Agreement, Traditional and Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any DepositorAccount Beneficiary, any member of a DepositorAccount Beneficiary's family, or a corporation controlled by any Depositor Account Beneficiary through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 5 contracts

Samples: Health Savings Account Agreement, Fully Disclosed Clearing Agreement, Health Savings Account Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; to pay any compensation for personal services rendered to the account toaccount; to make any part of its services available on a preferential basis topref- erential basis; to acquire for the account any property, other than cash, from; from or sell any property to, any Depositor, any member of a Depositor's ’s family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 2 contracts

Samples: Ira Custodial Account Agreement, Ira and Roth Ira Custodial Account Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any DepositorParticipant, any member of a DepositorParticipant's family, or a corporation controlled by any Depositor Participant through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 2 contracts

Samples: Custodial Agreement, Simple Ira Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; : pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any Depositor, any member of a Depositor's ’s family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 2 contracts

Samples: Ira Custodial Account Agreement, Ira and Roth Ira Custodial Account Agreement

AutoNDA by SimpleDocs

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any Depositor, any member of a Depositor's ’s family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 1 contract

Samples: Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account Custodial Account to; : pay any compensation for personal services rendered to the account toCustodial Account; make any part of its services available on a preferential basis tobasis; or acquire for the account Custodial Account any property, other than cash, from; , or sell any property to, any Depositor, any member of a Depositor's ’s family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 1 contract

Samples: Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any DepositorDeposit or, any member of a Depositor's family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of o f all classes of stock of such corporation.

Appears in 1 contract

Samples: Traditional and Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any property, other than cash, from; or sell any property to, any DepositorDeposit or, any member of a Depositor's family, or a corporation controlled by any Depositor through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares shar es of all classes of stock of such corporation.

Appears in 1 contract

Samples: Traditional and Roth Individual Retirement Account Custodial Agreement

Prohibited Transactions. Notwithstanding anything contained herein to the contrary, the Custodian shall not lend any part of the corpus or income of the account to; pay any payany compensation for personal services rendered to the account to; make any part of its services available on a preferential basis to; acquire for the account any propertyanyproperty, other than cash, from; or sell any property to, any DepositorParticipant, any member of a DepositorParticipant's family, or a corporation controlled by any Depositor Participant through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote, or of 50 percent or more of the total value of shares of all classes of stock of such corporation.

Appears in 1 contract

Samples: Simple Individual Retirement Custodial Account

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!