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 mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we mail the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor Xxxx XXX custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall not be liable for any actions or failures to act on the part of any successor custodian or trustee, 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 Xxxx 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 Xxxx XXX;

Appears in 1 contract

Samples: Wealth Management Agreement

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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 mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we mail the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor successor Xxxx XXX custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall not be liable for any actions ac- tions or failures to act on the part of any successor custodian or trustee, 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 Xxxx XXX a reasonable amount of money that we believe is necessary neces- sary to cover any associated costs, including but not limited to, one or more of the following: • Any fees, expenses, or taxes chargeable against your Xxxx XXX;:

Appears in 1 contract

Samples: Account Agreement

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 mail send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we mail send the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor successor Xxxx XXX trustee or custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall will not be liable for any actions or failures to act on the part of any successor custodian trustee or trusteecustodian, 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 Xxxx 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 fees, expenses, or taxes chargeable against your Xxxx XXX;XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

Appears in 1 contract

Samples: Roth Individual Retirement Custodial Account Agreement

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 time. If we resign, Xxxxx-Xxxxxxxx Capital, LLC (“K- M Capital”) may designate and appoint a successor custodian within 90 days after we provide them with notice of our resignation. If K-M Capital does not designate a successor custodian within 90 days after receipt of that notice, then we will mail written notice to you of our resignation. Effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you are required to transfer your XXX to another financial organization and do not complete a transfer of your Xxxx XXX within 30 days from the date we mail send the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor successor Xxxx XXX trustee or custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall will not be liable for any actions or failures to act on the part of K-M Capital or any successor custodian trustee or trusteecustodian, 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 Xxxx 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 Xxxx XXX;.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

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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 time. If we resign, Xxxxx-Xxxxxxxx Capital, LLC (“K- M Capital”) may designate and appoint a successor custodian within 90 days after we provide them with notice of our resignation. If K-M Capital does not designate a successor custodian within 90 days after receipt of that notice, then we will mail written notice to you of our resignation. Effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you are required to transfer your IRA to another financial organization and do not complete a transfer of your Xxxx XXX within 30 days from the date we mail send the notice to you, we have the right to transfer your Xxxx XXX assets to a succes- sor successor Xxxx XXX trustee or custodian or trustee that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We shall will not be liable for any actions or failures to act on the part of K-M Capital or any successor custodian trustee or trusteecustodian, 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 Xxxx 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 Xxxx XXX;.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

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