Common use of Transfers and Rollovers Clause in Contracts

Transfers and Rollovers. The Custodian will accept transfers and rollovers from other Xxxxxxxxx ESAs. The Responsible Individual represents and warrants that only eligible transfers and rollovers will be made to the Custodial Account. The Custodian reserves the right to refuse any transfer or rollover. The Custodian will duly act on written instructions from the Responsible Individual received in a form and manner acceptable to the Custodian to transfer the Xxxxxxxxx ESA to a successor trustee or custodian. The Custodian is not liable for any actions or inactions by any predecessor or successor trustee or custodian or for any investment losses resulting from the timing of or sale of assets resulting from the transfer or rollover.