Common use of Transfers to or from the Account Clause in Contracts

Transfers to or from the Account. Assets held on behalf of the Depositor (or following the death of the Depositor, the Beneficiary) in another Xxxx XXX may be transferred by the trustee or custodian thereof directly to the Custodian, in a form and manner acceptable to the Custodian, to be held in the Custodial Account for the Depositor (or following the death of the Depositor, the Beneficiary) under this Agreement. The Custodian will not be responsible for any losses the Depositor (or following the death of the Depositor, the Beneficiary) may incur as a result of the timing of any such transfer from another trustee or custodian that are due to circumstances reasonably beyond the control of the Custodian. The Depositor (or following the death of the Depositor, the Beneficiary) shall be responsible for ensuring that any transfer of another Xxxx XXX by the Trustee or custodian thereof directly to the Custodian is in compliance with the terms and conditions of the instrument governing the Xxxx XXX of the transferor Trustee or custodian, the Code and any related rules, regulations and guidance issued by the Internal Revenue Service. Assets held on behalf of the Depositor (or following the death of the Depositor, the Beneficiary) in the Account may be transferred directly to a trustee or custodian of another Xxxx XXX established for the Depositor (or following the death of the Depositor, the Beneficiary), if so directed by the Depositor (or following the death of the Depositor, the Beneficiary) in a form and manner acceptable to the Custodian; provided, however, that it shall be the Depositor’s (or following the death of the Depositor, the Beneficiary’s) responsibility to ensure that the transfer is permissible and satisfies the requirements of Code and any related rules, regulations and guidance issued by the Internal Revenue Service, including Code Sections 408(a)(6) and 401(a)(9).

Transfers to or from the Account. Assets held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in another Xxxx XXX IRA may be transferred by the trustee or custodian thereof directly to the Custodian, in a form and manner acceptable to the Custodian, to be held in the Custodial Account for the Depositor (or or, following the death of the Depositor, the Beneficiary) under this Agreement. The Custodian will not be responsible for any losses the Depositor (or or, following the death of the Depositor, the Beneficiary) may incur as a result of the timing of any such transfer from another trustee or custodian that are due to circumstances reasonably beyond the control of the Custodian. The Depositor (or or, following the death of the Depositor, the Beneficiary) shall be responsible for ensuring that any transfer of another Xxxx XXX IRA by the Trustee trustee or custodian thereof directly to the Custodian is in compliance with the terms and conditions of the instrument governing the Xxxx XXX IRA of the transferor Trustee trustee or custodian, the Code Code, and any related rules, regulations regulations, and guidance issued by the Internal Revenue Service. Assets held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in the Account may be transferred directly to a trustee or custodian of another Xxxx XXX IRA established for the Depositor (or or, following the death of the Depositor, the Beneficiary), if so directed by the Depositor (or or, following the death of the Depositor, the Beneficiary) in a form and manner acceptable to the Custodian; provided, however, that it shall be the Depositor’s (or or, following the death of the Depositor, the Beneficiary’s) responsibility to ensure that the transfer is permissible and satisfies the requirements of Code Section 408, and any related rules, regulations regulations, and any other applicable guidance issued by the Internal Revenue Service, including Code Sections 408(a)(6) and 401(a)(9)) and applicable regulations.

Transfers to or from the Account. Assets held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in another Xxxx XXX may be transferred by the trustee or custodian thereof directly to the Custodian, in a form and manner acceptable to the Custodian, to be held in the Custodial Account for the Depositor (or following the death of the Depositor, the Beneficiary) under this Agreement. The Custodian will not be responsible for any losses the Depositor (or or, following the death of the Depositor, the Beneficiary) may incur as a result of the timing of any such transfer from another trustee or custodian that are due to circumstances reasonably beyond the control of the Custodian. The Depositor (or or, following the death of the Depositor, the Beneficiary) shall be responsible for ensuring that any transfer of another Xxxx XXX by the Trustee trustee or custodian thereof directly to the Custodian is in compliance with the terms and conditions of the instrument governing the Xxxx XXX of the transferor Trustee trustee or custodian, the Code Code, and any related rules, regulations regulations, and guidance issued by the Internal Revenue Service. Assets held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in the Account may be transferred directly to a trustee or custodian of another Xxxx XXX established for the Depositor (or or, following the death of the Depositor, the Beneficiary), if so directed by the Depositor (or or, following the death of the Depositor, the Beneficiary) in a form and manner acceptable to the Custodian; provided, however, that it shall be the Depositor’s (or or, following the death of the Depositor, the Beneficiary’s) responsibility to ensure that the transfer is permissible and satisfies the requirements of Code Section 408A, and any related rules, regulations regulations, and any other applicable guidance issued by the Internal Revenue Service, including Code Sections 408(a)(6) and 401(a)(9)) and applicable regulations.

Transfers to or from the Account. Assets held on behalf of the Depositor (or following the death of the Depositor, the Beneficiary) in another Xxxx XXX may be transferred by the trustee or custodian thereof directly to the Custodian, in a form and manner acceptable to the Custodian, to be held in the Custodial Account for the Depositor (or following the death of the Depositor, the Beneficiary) under this Agreement. The Custodian will not be responsible for any losses the Depositor (or following the death of the Depositor, the Beneficiary) may incur as a result of the timing of any such transfer from another trustee or custodian that are due to circumstances reasonably beyond the control of the Custodian. The Depositor (or following the death of the Depositor, the Beneficiary) shall be responsible for ensuring that any transfer of another Xxxx XXX by the Trustee or custodian thereof directly to the Custodian is in compliance with the terms and conditions of the instrument governing the Xxxx XXX of the transferor Trustee or custodian, the Code and any related rules, regulations and guidance issued by the Internal Revenue Service. Assets held on behalf of the Depositor (or following the death of the Depositor, the Beneficiary) in the Account may be transferred directly to a trustee or custodian of another Xxxx XXX established for the Depositor (or following the death of the Depositor, the Beneficiary), if so directed by the Depositor (or following the death of the Depositor, the Beneficiary) in a form and manner acceptable to the Custodian; provided, however, that it shall be the Depositor’s (or following the death of the Depositor, the Beneficiary’s) responsibility to ensure that the transfer is permissible and satisfies the requirements of Code and any related rules, regulations regulations, and guidance issued by the Internal Revenue Service, including Code Sections 408(a)(6) and 401(a)(9).

Transfers to or from the Account. Assets held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in another Xxxx XXX IRA may be transferred by the trustee or custodian thereof directly to the Custodian, in a form and manner acceptable to the Custodian, to be held in the Custodial Account for the Depositor (or or, following the death of the Depositor, the Beneficiary) under this Agreement. The Custodian will not be responsible for any losses the Depositor (or or, following the death of the Depositor, the Beneficiary) may incur as a result of the timing of any such transfer from another trustee or custodian that are due to circumstances reasonably beyond the control of the Custodian. The Depositor (or or, following the death of the Depositor, the Beneficiary) shall be responsible for ensuring that any transfer of another Xxxx XXX IRA by the Trustee trustee or custodian thereof directly to the Custodian is in compliance with the terms and conditions of the instrument governing the Xxxx XXX IRA of the transferor Trustee trustee or custodian, the Code Code, and any related rules, regulations regulations, and guidance issued by the Internal Revenue Service. Assets Xxxxxx held on behalf of the Depositor (or or, following the death of the Depositor, the Beneficiary) in the Account may be transferred directly to a trustee or custodian of another Xxxx XXX IRA established for the Depositor (or or, following the death of the Depositor, the Beneficiary), if so directed by the Depositor (or or, following the death of the Depositor, the Beneficiary) in a form and manner acceptable to the Custodian; provided, however, that it shall be the Depositor’s (or or, following the death of the Depositor, the Beneficiary’s) responsibility to ensure that the transfer is permissible and satisfies the requirements of Code Section 408, and any related rules, regulations regulations, and any other applicable guidance issued by the Internal Revenue Service, including Code Sections 408(a)(6) and 401(a)(9)) and applicable regulations.