Common use of Valuation Policy Clause in Contracts

Valuation Policy. 15.1 It is your duty to ensure that the fair market value of the asset in your IRA is accurate, which is set forth in your quarterly statements and in your online account. Where the fair market value of an asset in your IRA Account is readily ascertainable on either an established exchange or generally recognized market, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instruments. Where the fair market value of an asset in your IRA Account is not readily ascertainable, you agree that you will provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or valuations of assets in your IRA Account and we have no duty to verify the values provided to us. If you do not provide such an appraisal or valuation, we may report that asset’s value at its last known fair market value, at its acquisition cost, or we may use a third-party source to value the asset. We may charge your account a fee if we use a third-party source to value the asset. We may require that you provide such an appraisal or validation with an updated fair market value of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Account or any other taxable event. 15.2 For all assets in your IRA Account, we neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by you, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge and agree that any valuation reported in your quarterly statements or online may not be an accurate and/or current representation of the true fair market value of the asset and may be merely an estimate of value for that asset. The reported value of any asset may differ materially from its actual value. We do not guarantee you will be able to obtain the reported value in the event of a sale, redemption, or liquidation of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, but not limited to, purchasing, retaining, or disposing of an asset. 15.3 We may use the value of the asset to determine fees owed to us. If you believe an asset in your IRA Account should be reported at a different value, or does not have any value, it is your responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You may provide us with this information through a qualified independent appraisal or other means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, or similar proceedings. If this is the only asset held in your IRA Account, we have the right to devalue, distribute the asset and close your Account. If you do not provide such information, we deem sufficient to devalue the asset, we will continue to report the asset at the last known value given to us. If we become aware that the value of the asset in your IRA Account has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or distribute the asset to you. However, it is your responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.

Valuation Policy. 15.1 On an annual basis (or more frequently), we will request updated valuation information from you and/or your asset sponsor or third party designated to provide such updated valuation. It is your duty to ensure that the fair market value of the asset assets in your IRA is Account are accurate, which is set forth . We report the value of the assets in your quarterly IRA Account on your account statements and in your online accountwe will report the value as accurately as possible using the resources available to us. Where the fair market value of an asset in your IRA Account is readily ascertainable on either an established exchange or generally recognized marketmarket used in the financial services industry, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instrumentsvaluations. Where the fair market value of an asset in your IRA Account is not readily ascertainable, you agree that you will provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or The frequency with which we update valuations of assets in your IRA Account depends upon the asset type and the frequency with which we have no duty to verify the values are provided to us. with updated valuation information. 15.2 If you do not provide such an appraisal a valuation or valuationappraisal, we may report that asset’s value at its last known fair market value, at its acquisition cost, or we may may, at our discretion, use a third-party source to value the asset. We may charge your account IRA Account a fee if you fail to provide us with a valuation or appraisal and/or if we use a third-third- party source to value the asset. . 15.3 We may require that you provide such an appraisal or validation with an updated fair market value valuation of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Account or any other taxable event. 15.2 15.4 from its actual value. We reserve the right to reject a valuation change if the information is inconsistent with our procedure or process requirements. For all assets that have passed their maturity date, we may require you to provide information to show the current status of the asset. We have no obligation to conduct appraisals or valuations of assets in your IRA Account, Account and we have no duty to verify the values provided to us. We neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by you, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge and agree that any valuation reported in your quarterly statements or online may not be an accurate and/or current representation of the true fair market value of the asset and may be merely an estimate of value for that asset. The reported value of any asset may differ materially from its actual value. We do not guarantee you will be able to obtain the reported value in the event of a sale, redemption, or liquidation of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, including but not limited to, to purchasing, retaining, retaining or disposing of an asset.. The reported value of any asset may differ materially 15.3 15.5 We may use the value of the asset to determine fees owed to us. If you believe that an asset in your IRA Account should be reported at a different value, or does not have any value, it is your responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You may provide us with this information through a qualified independent appraisal or other through means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, or similar proceedings. If this is the only asset held in your IRA Account, we have the right to devalue, distribute the asset and close your IRA Account. If you do not provide such information, we deem sufficient information to devalue the asset, we will may continue to report the asset at the last known value given to usus or use a third-party source to value the asset. If we become aware that the value of the an asset in your IRA Account has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or asset/or distribute the asset to you. However, it is your responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.

Valuation Policy. 15.1 16.1 It is your the duty of the Responsible Individual to ensure that the fair market value of the asset in your IRA this CESA is accurate, which is set forth in your the quarterly statements and in your online accountstatements. Where the fair market value of an asset in your IRA Account this CESA is readily ascertainable on either an established exchange or generally recognized market, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instruments. Where the fair market value of an asset in your IRA Account is not readily ascertainable, you agree that you will the Responsible Individual agrees to provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or valuations of the assets in your IRA the CESA Account and we have no duty to verify the values provided to us. If you do the Responsible Individual does not provide such an appraisal or valuationappraisal, we may report that the asset’s value at its last known fair market value, at its acquisition cost, or we may use a third-party source to value the asset. We may charge your account the CESA a fee if we use a third-party source to value the asset. We may require that you provide such an appraisal or validation with an updated fair market value of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Account or any other taxable event. 15.2 16.2 For all assets in your IRA Accountthe CESA, we neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by youthe Responsible Individual, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge The Responsible Individual acknowledges and agree agrees that any valuation reported in your quarterly statements or our online account management system may not be an accurate and/or current representation of the true fair market value of the asset asset, and may be merely an estimate of value for that the asset. The reported value of any asset may differ materially from its actual value. We do not guarantee you will be able to obtain the reported value in the event of a sale, redemption, redemption or liquidation of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, but not limited to, purchasing, retaining, retaining or disposing of an asset. 15.3 We may use 16.3 If the value of the asset to determine fees owed to us. If you believe Responsible Individual believes an asset in your IRA Account the CESA should be reported at a different value, or does not have any value, it is your the Responsible Individual’s responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You The Responsible Individual may provide us with this information through a qualified independent appraisal or other means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, receivership or similar proceedings. If this is the only asset held in your IRA Accountthe CESA, we have the right to devalue, distribute the asset and to close your the Account. If you do the Responsible Individual does not provide such information, information we deem sufficient to devalue the asset, we will continue to report the asset at the last known value given to us. If we become aware that the value of the asset in your IRA Account the CESA has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or distribute the asset to youasset. However, it is your the Responsible Individual’s responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.

Valuation Policy. 15.1 It is your duty to ensure that the fair market value of the asset in your IRA Xxxx XXX is accurate, which is set forth in your quarterly statements and in your online account. Where the fair market value of an asset in your IRA Xxxx XXX Account is readily ascertainable on either an established exchange or generally recognized market, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instruments. Where the fair market value of an asset in your IRA Xxxx XXX Account is not readily ascertainable, you agree that you will provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or valuations of assets in your IRA Xxxx XXX Account and we have no duty to verify the values provided to us. If you do not provide such an appraisal or valuation, we may report that asset’s value at its last known fair market value, at its acquisition cost, or we may use a third-party source to value the asset. We may charge your account a fee if we use a third-third- party source to value the asset. We may require that you provide such an appraisal or validation with an updated fair market value of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Xxxx XXX Account or any other taxable event. 15.2 For all assets in your IRA Xxxx XXX Account, we neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by you, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge and agree that any valuation reported in your quarterly statements or online may not be an accurate and/or current representation of the true fair market value of the asset and may be merely an estimate of value for that asset. The reported value of any asset may differ materially from its actual value. We do not guarantee you will be able to obtain the reported value in the event of a sale, redemption, redemption or liquidation of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, but not limited to, purchasing, retaining, retaining or disposing of an asset. 15.3 We may use the value of the asset to determine fees owed to us. If you believe an asset in your IRA Xxxx XXX Account should be reported at a different value, or does not have any value, it is your responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You may provide us with this information through a qualified independent appraisal or other means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, receivership or similar proceedings. If this is the only asset held in your IRA Xxxx XXX Account, we have the right to devalue, distribute the asset and close your Account. If you do not provide such information, we deem sufficient to devalue the asset, we will continue to report the asset at the last known value given to us. If we become aware that the value of the asset in your IRA Xxxx XXX Account has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or distribute the asset to you. However, it is your responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.

Valuation Policy. 15.1 17.1 It is your duty to ensure that the fair market value of the asset in your IRA HSA Account is accurate, which is set forth in your quarterly statements and in your online account. Where the fair market value of an the asset in your IRA Account HSA is readily ascertainable on either an established exchange or generally recognized market, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instruments. Where the fair market value of an asset in your IRA Account HSA is not readily ascertainable, you agree that you will provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or valuations of assets in your IRA Account HSA and we have no duty to verify the values provided to us. If you do not provide such an appraisal or valuation, we may report that the asset’s value at its last known fair market value, at its acquisition cost, or we may use a third-party source to value the asset. We may charge your account a fee if we use a third-party source to value the asset. We may require that you provide such an appraisal or validation valuation with an updated fair market value of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Account HSA or any other taxable event. 15.2 17.2 For all assets in your IRA AccountHSA, we neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by you, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge and agree that any valuation reported in your quarterly statements or online may not be an accurate and/or current representation of the true fair market value of the asset asset, and may be merely an estimate of value for that asset. The reported value of any asset may differ materially from its actual value. We do not guarantee you will be able to obtain the reported value in the event of a sale, redemption, redemption or liquidation of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, but not limited to, purchasing, retaining, retaining or disposing of an asset. 15.3 17.3 We may use the value of the asset to determine fees owed to us. If you believe an asset in your IRA Account HSA should be reported at a different value, or does not have any value, it is your responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You may provide us with this information through a qualified independent appraisal or other means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, receivership or similar proceedings. If this is the only asset held in your IRA AccountHSA, we have the right to devalue, distribute the asset and close your Account. If you do not provide such information, information we deem sufficient to devalue the asset, we will continue to report the asset at the last known value given to us. If we become aware that the value of the asset in your IRA HSA Account has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or and/ or distribute the asset to you. However, it is your responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.

Valuation Policy. 15.1 On an annual basis (or more frequently), we will request updated valuation information from you and/or your asset sponsor or third party designated to provide such updated valuation. It is your duty to ensure that the fair market value of the asset assets in your IRA is Account are accurate, which is set forth . We report the value of the assets in your quarterly IRA Account on your account statements and in your online accountwe will report the value as accurately as possible using the resources available to us. Where the fair market value of an asset in your IRA Account is readily ascertainable on either an established exchange or generally recognized marketmarket used in the financial services industry, we will report values for such assets as derived from sources commonly used by the financial services industry to determine prices of financial instrumentsvaluations. Where the fair market value of an asset in your IRA Account is not readily ascertainable, you agree that you will provide to us a qualified independent appraisal or other acceptable valuation of the asset. We have no obligation to conduct appraisals or The frequency with which we update valuations of assets in your IRA Account depends upon the asset type and the frequency with which we have no duty to verify the values are provided to us. with updated valuation information. 15.2 If you do not provide such an appraisal a valuation or valuationappraisal, we may report that asset’s value at its last known fair market value, at its acquisition cost, or we may may, at our discretion, use a third-party source to value the asset. We may charge your account IRA Account a fee if you fail to provide us with a valuation or appraisal and/or if we use a third-third- party source to value the asset. . 15.3 We may require that you provide such an appraisal or validation with an updated fair market value valuation of the asset for any transaction which results in a taxable event, such as a distribution. You are solely responsible for the tax consequences of asset values reported to the Internal Revenue Service in connection with a distribution of any assets in your IRA Account or any other taxable event. 15.2 For all 15.4 We have no obligation to conduct appraisals or valuations of assets in your IRA Account, Account and we have no duty to verify the values provided to us. We neither provide a guarantee of value nor an opinion with regard to any independent appraisal or other valuation provided by you, the asset sponsor, or a third party source, and we assume no responsibility for the valuations reported or their accuracy. We reserve the right to reject the requested value change if the evidence submitted is not credible. You acknowledge and agree that any valuation reported in your quarterly statements or online may Valuation information should not be used as a basis for making investment decisions, including but not limited to purchasing, retaining or disposing of an accurate and/or current representation of the true fair market value of the asset and may be merely an estimate of value for that asset. The reported value of any asset may differ materially from its actual value. We do not guarantee reserve the right to reject a valuation change if the information is inconsistent with our procedure or process requirements. For assets that have passed their maturity date, we may require you will be able to obtain provide information to show the reported value in the event of a sale, redemption, or liquidation current status of the asset. Valuation information reported by us should not be used as a basis for making investment decisions, including, but not limited to, purchasing, retaining, or disposing of an asset. 15.3 15.5 We may use the value of the asset to determine fees owed to us. If you believe that an asset in your IRA Account should be reported at a different value, or does not have any value, it is your responsibility to provide us with information sufficient to demonstrate that the asset’s reported value should be changed. You may provide us with this information through a qualified independent appraisal or other through means we consider acceptable to evidence the new value of the asset. This could include evidence of bankruptcy, reorganization, receivership, or similar proceedings. If this is the only asset held in your IRA Account, we have the right to devalue, distribute the asset and close your IRA Account. If you do not provide such information, we deem sufficient information to devalue the asset, we will may continue to report the asset at the last known value given to usus or use a third-party source to value the asset. If we become aware that the value of the an asset in your IRA Account has lost value or is of no value, we may notify you of such information and may reduce the value of such asset and/or asset/or distribute the asset to you. However, it is your responsibility to notify us if you believe an asset’s value has changed and provide credible evidence supporting the valuation that is acceptable by us.