Your Investment Powers and Our Custodial Duties/Obligations Sample Clauses

Your Investment Powers and Our Custodial Duties/Obligations. (a) Investment of Traditional XXXSubject to Section 8.05(f), you have sole authority and discretion, fully and completely, to select and to direct the investment of all assets in the Traditional XXX. You accept full and sole responsibility for the success or failure of any selection made. We shall have no discretion to direct any investment in the Traditional XXX. We will not act as investment advisor or counselor to you and will not advise you or offer any opinion or judgment on any matter pertaining to the nature, value, potential value or suitability of any investment or potential investment of the assets of the Traditional XXX, and are merely authorized to acquire and hold the particular investments specified by you. We shall not have any responsibility nor any liability for any loss of income or of capital, nor for any unusual expense which we may incur, relating to any investment, or to the sale or exchange of any asset which you or your authorized agent directs us to make. After your death, your beneficiary(ies) shall have the right to direct the investment of the Traditional XXX assets, subject to the same conditions that applied to you during your lifetime under this Agreement (including, without limitations, Section 8.03 and 8.05). All transactions shall be subject to any and all applicable Federal and State laws and regulations and the rules, regulations, customs and usages of any exchange, market or clearing house where the transaction is executed and to our policies and practices.
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