Common use of Withdrawal Requests Clause in Contracts

Withdrawal Requests. All requests for withdrawal, distribution, or payment from the account shall be in writing on a form provided and accepted by the Custodian. Such written request must also specify the reason for the withdrawal, distribution, or payment and the desired method or form of withdrawal, payment, or distribution. Distributions of the assets of the Custodial Account shall be made in accordance with the written instructions to the Custodian by the Responsible Individual. A Xxxxxxxxx Education Savings Account Withdrawal Authorization form is available from the Custodian, and should be obtained and used to request any distribution from the Custodial Account. Prior to making any distribution from the Custodial Account, including but not limited to a distribution to the estate of the Beneficiary, the Custodian shall be furnished with any and all applications, certificates, tax waivers, signature guarantees, and other documents (including proof of any legal representative’s authority) deemed necessary or advisable by the Custodian, but the Custodian shall not be liable for complying with written instructions which appear on their face to be genuine, or for refusing to comply if not satisfied such instructions are genuine, and assumes no duty of further inquiry. Upon receipt of proper written instructions as required above, the Custodian shall cause the assets of the Custodial Account to be distributed in cash and/or in kind, as specified in such written instructions.

Withdrawal Requests. All requests for withdrawal, distribution, or payment from the account shall be in writing on a form provided and accepted by the Custodian. Such written request must also specify the reason for the withdrawal, distribution, or payment and the desired method or form of withdrawal, payment, or distribution. Distributions of the assets of the Custodial Account shall be made in accordance with the written instructions to the Custodian by the Responsible Individual. A Xxxxxxxxx Education Savings Account Withdrawal Authorization form is available from the Custodian, and should be obtained and used to request any distribution from the Custodial Account. Prior to making any distribution from the Custodial Account, including but not limited to a distribution to the estate of the Beneficiary, the Custodian shall be furnished with any and all applications, certificates, tax waivers, signature guarantees, and other documents (including proof of any legal representative’s 's authority) deemed necessary or advisable by the Custodian, but the Custodian shall not be liable for complying with written instructions which appear on their face to be genuine, or for refusing to comply if not satisfied such instructions are genuine, and assumes no duty of further inquiry. Upon receipt of proper written instructions as required above, the Custodian shall cause the assets of the Custodial Account to be distributed in cash and/or in kind, as specified in such written instructions.