Common use of Termination of Agreement, Resignation, or Removal of Custodian Clause in Contracts

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your XXX to another financial organization. If you do not complete a transfer of your XXX within 30 days from the date we send the notice to you, we have the right to transfer your XXX assets to a successor XXX trustee or custodian that we choose in our sole discretion, or we may pay your XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your XXX to you in cash or property if the balance of your XXX drops below the minimum balance required under the applicable investment or policy established.

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your XXX to another financial organization. If you do not complete a transfer of your XXX within 30 days from the date we send the notice to you, we have the right to transfer your XXX assets to a successor XXX trustee or custodian that we choose in our sole discretion, or we may pay your XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e1.408‐2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your XXX to you in cash or property if the balance of your XXX drops below the minimum balance required under the applicable investment or policy established.

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement Agreement at any time by giving written notice to the other. We can resign as custodian Custodian at any time effective 30 days after we send mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your XXX to another financial organization. If you do not complete a transfer of your XXX within 30 days from the date we send mail the notice to you, we have the right to transfer your XXX assets to a successor XXX custodian or trustee or custodian that we choose in our sole discretion, or we may pay your XXX to you in a single sum. We will shall not be liable for any actions or failures to act on the part of any successor trustee custodian or custodiantrustee, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement Agreement is terminated, we may charge to your XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to to, one or more of the following. : • Any any fees, expenses, expenses or taxes chargeable against your XXX XXX; • Any any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your XXX XXX. If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) 1.408–2(e), and we fail to do so so, or we are not keeping the records, making the returns, returns or sending the statements as are required by forms or regulationsRegulations, the IRS may may, after notifying you, require us you to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your XXX to you in cash or property if the balance of your XXX drops below the minimum balance required under the applicable investment or policy established.