Common use of Withdrawal Requests Clause in Contracts

Withdrawal Requests. 1. The Custodian may act in accordance with requests for withdrawal, distribution, or payment from the Custodial Account (“Withdrawal Request”) if: (a) The Withdrawal Request is submitted in good order on a form designated by the Custodian; or (b) Provided that the Sponsor permits Withdrawal Requests made via telephone, the Withdrawal Request is made by means of recorded telephone conversation with the Responsible Individual specifying the reason for the Withdrawal Request; and (c) The Custodian is furnished with all documents it determines to be appropriate (including proof of any legal representative's authority) in good order. 2. The Custodian will comply with the method and form of payment designated to the extent reasonable and practicable, but may in its sole discretion effect all payments in cash (by check or other cash transfer method).

Withdrawal Requests. 1. The Custodian may act in accordance with requests for withdrawal, distribution, or payment from the Custodial Account (“Withdrawal Request”) if: (a) a. The Withdrawal Request is submitted in good order on a form designated by the Custodian; or (b) b. Provided that the Sponsor permits Withdrawal Requests made via telephone, the Withdrawal Request is made by means of recorded telephone conversation with the Responsible Individual specifying the reason for the Withdrawal Request; and (c) c. The Custodian is furnished with all documents it determines to be appropriate (including proof of any legal representative's authority) in good order. 2. The Custodian will comply with the method and form of payment designated to the extent reasonable and practicable, but may in its sole discretion effect all payments in cash (by check or other cash transfer method).