Protective Clause. (a) If the Participant, Plan Administrator, Investment Manager or other authorized person instructs that an investment be made in a bank or insurance company investment contract or annuity contract, the Master Custodial Administration Agreement Administrator is not responsible for the form, genuineness, validity, sufficiency or effect of the contract or the failure of any issuing company to make payments provided by any contract or for the action of any person that may delay payment or render a contract null and void or unenforceable in whole or in part or for the fact that for any reason whatsoever any contract shall lapse or otherwise be uncollectible.
Appears in 4 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
