Common use of Telephone Redemptions Clause in Contracts

Telephone Redemptions. If I elected to have the ability to redeem Investments via telephone, I understand that the telephone redemption privilege will apply to my Custodial ESA Account. If I have telephone redemption privileges, I agree that neither the Custodian, the Sponsor, nor their transfer agent, their agents, officers, trustees, directors or employees will be liable for any loss, liability or expense for acting, or refusing to act on instructions given under the telephone redemption privileges that are reasonably believed to be genuine and I accept the risk of loss. Involuntary Liquidations and Distributions: I have read Article X, Section J. of the Xxxxxxxxx ESA Custodial Agreement. I acknowledge that certain circumstances beyond the control of the Custodian may occur, which result in a liquidation of Mutual Funds that are Eligible Investment in which the Xxxxxxxxx ESA Account is invested, or which result in the liquidation of Investments of the Xxxxxxxxx ESA Account. I acknowledge that at Article X, Section J. of the Xxxxxxxxx ESA Custodial Agreement, I have authorized the Custodian, following such occurrences, to act in its discretion with regard to the disposition of the liquidation proceeds if it does not receive clear instructions regarding the placement of the liquidation proceeds that it can practicably carry out, including distributing the liquidation proceeds to the Designated Beneficiary.

Telephone Redemptions. If I elected to have the ability to redeem Investments via telephone, I understand that the telephone redemption privilege will apply to my Custodial ESA Account. If I have telephone redemption privileges, I agree that neither the Custodian, the Sponsor, nor their transfer agent, their agents, officers, trustees, directors or employees will be liable for any loss, liability or expense for acting, or refusing to act on instructions given under the telephone redemption privileges that are reasonably believed to be genuine and I accept the risk of loss. Provision Regarding Involuntary Liquidations and Distributions: I have read Article X, Section J. J of the Custodial Xxxxxxxxx ESA Custodial Agreement. I acknowledge that certain circumstances beyond the control of the Custodian may occur, which result in a liquidation of Mutual Funds that are Eligible Investment in which the Xxxxxxxxx ESA Custodial Account is invested, invested or which result in the liquidation of Investments holdings of the Xxxxxxxxx ESA Custodial Account. I acknowledge that at Article X, Section J. J of the Xxxxxxxxx ESA Custodial Agreement, I have authorized the Custodian, following such occurrences, to act in its discretion with regard to the disposition of the liquidation proceeds if it does not receive clear instructions regarding the placement of the liquidation proceeds that it can practicably carry out, including distributing the liquidation proceeds to the Designated Beneficiary.

Telephone Redemptions. If I elected to have the ability to redeem Investments via telephone, I understand that the telephone redemption privilege will apply to my Custodial ESA Account. If I have telephone redemption privileges, I agree that neither the Custodian, the Sponsor, nor their transfer agent, their agents, officers, trustees, directors or employees will be liable for any loss, liability or expense for acting, or refusing to act on instructions given under the telephone redemption privileges that are reasonably believed to be genuine and I accept the risk of loss. Involuntary Liquidations and Distributions: Distributions I have read Article X, Section J. of the Xxxxxxxxx ESA Custodial Agreement. I acknowledge that certain circumstances beyond the control of the Custodian may occur, which result in a liquidation of Mutual Funds that are Eligible Investment in which the Xxxxxxxxx ESA Account is invested, or which result in the liquidation of Investments of the Xxxxxxxxx ESA Account. I acknowledge that at Article X, Section J. of the Xxxxxxxxx ESA Custodial Agreement, I have authorized the Custodian, following such occurrences, to act in its discretion with regard to the disposition of the liquidation proceeds if it does not receive clear instructions regarding the placement of the liquidation proceeds that it can practicably carry out, including distributing the liquidation proceeds to the Designated Beneficiary.

Telephone Redemptions. If I elected to have the ability to redeem Investments via telephone, I understand that the telephone redemption privilege will apply to my Custodial ESA AccountAccount . If I have telephone redemption privileges, I agree that neither the Custodian, the Sponsor, nor their transfer agent, their agents, officers, trustees, directors or employees will be liable for any loss, liability or expense for acting, or refusing to act on instructions given under the telephone redemption privileges that are reasonably believed to be genuine and I accept the risk of lossloss . Involuntary Liquidations and Distributions: I have read Article X, Section J. J . of the Xxxxxxxxx ESA Custodial AgreementAgreement . I acknowledge that certain circumstances beyond the control of the Custodian may occur, which result in a liquidation of Mutual Funds that are Eligible Investment in which the Xxxxxxxxx ESA Account is invested, or which result in the liquidation of Investments of the Xxxxxxxxx ESA AccountAccount . I acknowledge that at Article X, Section J. J . of the Xxxxxxxxx ESA Custodial Agreement, I have authorized the Custodian, following such occurrences, to act in its discretion with regard to the disposition of the liquidation proceeds if it does not receive clear instructions regarding the placement of the liquidation proceeds that it can practicably carry out, including distributing the liquidation proceeds to the Designated BeneficiaryBeneficiary .