Common use of Termination of the Master Custodial Administration Agreement Clause in Contracts

Termination of the Master Custodial Administration Agreement. In the event of the termination of the Master Custodial Administration Agreement, the Master Custodial Administration Agreement Administrator shall continue to administer the Master Custodial Administration Agreement as hereinabove provided until all of the purposes for which it has been established have been accomplished or the Master Custodial Administration Agreement Administrator has disposed of the Custodial Account after the payment of or other provision for all expenses incurred in the administration of the Custodial Account (including any compensation to which the Master Custodial Administration Agreement Administrator may be entitled), all in accordance with the written direction of the Employer or any successor thereto. Until final distribution of the Custodial Account, the Master Custodial Administration Agreement Administrator shall continue to have and may exercise all of the powers and discretions conferred upon it by this Agreement. When the Master Custodial Administration Agreement shall have been so applied or distributed, and the accounts of the Custodial Account shall have been so settled, the Master Custodial Administration Agreement Administrator shall not be responsible in any way for the further disposition of the Custodial Account or any part thereof so applied or distributed.