Common use of Reinvestment of Earnings Clause in Contracts

Reinvestment of Earnings. In the absence of instructions pursuant to Section 3, distributions of every nature which are received in respect of the assets in a Depositor’s (or following the death of the Depositor, the Beneficiary’s) Custodial Account shall be liquidated to cash, if necessary, and shall be reinvested in accordance with the Depositor’s (or following the death of the Depositor, the Beneficiary’s) instructions pursuant to Section 3.

Reinvestment of Earnings. In the absence of instructions pursuant to Section 3, distributions of every nature nature, which are received in respect of the assets in a Depositor’s (or following the death of the Depositor, the Beneficiary’s) Custodial Account shall be liquidated to cash, if necessary, and shall be reinvested in accordance with the Depositor’s (or following the death of the Depositor, the Beneficiary’s) instructions pursuant to Section 3.