Common use of Terminations Clause in Contracts

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Student. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student (or his or her Beneficiaries if the Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student is deceased with no Beneficiaries on file with the Custodian, then to the Student’s estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a). The Student (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Depositor (or his or her Beneficiaries Beneficiary, if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her BeneficiariesBeneficiary) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her BeneficiariesBeneficiary) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her BeneficiariesBeneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her BeneficiariesBeneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or Beneficiary, as his/her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries Beneficiary on file with the Custodian, then to the Student’s Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b9.17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a9.14(a). The Student Depositor (or his or her BeneficiariesBeneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Student Depositor (or his or her Beneficiaries if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries on file with the Custodian, then to the StudentDepositor’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Depositor (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Depositor (or his or her Beneficiaries Beneficiary, if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her BeneficiariesBeneficiary) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her BeneficiariesBeneficiary) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her BeneficiariesBeneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her BeneficiariesBeneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or Beneficiary,as his/her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries Beneficiary on file with the Custodian, then to the Student’s Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Depositor (or his or her BeneficiariesBeneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Depositor (or his or her Beneficiaries if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries on file with the Custodian, then to the Student’s Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Depositor (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Student. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student (or his or her Beneficiaries if the Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student (or to his or her Beneficiaries as their interests shall appear on file with wi h the Custodian) or, (ii) if the Student is deceased with no Beneficiaries on file with wi h the Custodian, then to the Student’s Student ‘s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 10.15(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a13(a). The Student (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (ai) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Student. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student (or his or her Beneficiaries if the Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student is deceased with no Beneficiaries on file with the Custodian, then to the Student’s Student 's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a13(a). The Student (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Student. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Student (or his or her Beneficiaries if the Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student is deceased with no Beneficiaries on file with the Custodian, then to the Student’s estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a). The Student (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Student Depositor (or his or her Beneficiaries Beneficiary, if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her BeneficiariesBeneficiary) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her BeneficiariesBeneficiary) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her BeneficiariesBeneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her BeneficiariesBeneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or Beneficiary, as his/her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries Beneficiary on file with the Custodian, then to the Student’s Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b9.17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a9.14(a). The Student Depositor (or his or her BeneficiariesBeneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Depositor (or his or her Beneficiaries if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries on file with the Custodian, then to the StudentDepositor’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Depositor (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force foce and effect upon a complete distribution of the Custodial Account to the Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Student. In addition, the Sponsor shall have ahev the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student (or his or her Beneficiaries if the Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student (or his or her Beneficiaries) has not ot directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student (or his or her BeneficiariesBenefeciaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account Accoun to (i) the Student (or to his or her Beneficiaries Beneficiares) as their interests shall appear on file with the Custodian) or, or (ii) if the Student is deceased with no Beneficiaries on file with the Custodian, then to the Student’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 10.15(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a13(a). The Student (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Investor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentInvestor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Investor (or his or her Beneficiaries if the Student Investor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Investor (or his or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Student Investor (or his or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Student Investor (or his or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Investor (or his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Investor (or to his or her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Investor is deceased with no Beneficiaries on file with the Custodian, then to the StudentInvestor’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Investor (or his or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Student Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the StudentDepositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Student Depositor (or his or her Beneficiaries Beneficiary, if the Student Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Student Depositor (or his or her BeneficiariesBeneficiary) shall instruct or shall distribute the Custodial Account to the Student Depositor (or his or her BeneficiariesBeneficiary) if so directed. If, at the end of such thirty (30) day period, the Student Depositor (or his or her BeneficiariesBeneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Student Depositor (or his or her BeneficiariesBeneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Student Depositor (or to his or Beneficiary, as his/her Beneficiaries as their interests shall appear on file with the Custodian) or, (ii) if the Student Depositor is deceased with no Beneficiaries Beneficiary on file with the Custodian, then to the Student’s Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 10.15(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 10.12(a14(a). The Student Depositor (or his or her BeneficiariesBeneficiary) shall be fully responsible for any taxes due on such distribution.