Common use of Access to Funds Clause in Contracts

Access to Funds. You may only access the balances held in your Cash Sweep Vehicle through your Account. As required by federal banking regulations, the Program Banks reserve the right to require seven days prior notice before permitting a transfer out of the Bank Deposit Sweep Programs. The Program Banks have no intention of exercising this right at the present time. Pursuant to SEC rules, Money Market Funds may impose a fee on redemptions (liquidity fee) of up to 2% or a suspension of redemptions (gate) if a fund's weekly liquid assets fall below 30% of its total assets, and if the fund's board considers such actions in the best interest of the fund's shareholders. In addition, the Money Market Funds may reserve the right to require one or more days prior notice before permitting withdrawals. Please refer to the fund's prospectus for further information. Statements and Confirmations: Your Account statement will indicate your balance, detail transactions, and reflect interest or dividends relating to your Cash Sweep Vehicle. These account statements are provided in lieu of separate confirmations of sweep transactions. Interest/Dividends Payable: Interest on cash in the Bank Deposit Sweep Programs is accrued daily, compounded monthly, and credited to your Account on the last business day of each monthly statement period. Dividends on the shares in the Money Market Fund will not be payable in cash but will be reinvested each month in additional shares of the applicable Money Market Fund at the current net asset value. Dividends are not guaranteed and are subject to change or elimination. Rate of Return: The rate of return for each available Cash Sweep Vehicle can be obtained from your financial professional or by calling the general inquiries phone number listed on your Account statement or found on our Clearing Firm’s website at xxxxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx. These rates will vary over time and may be lower than rates available to customers making deposits directly with the Program Banks or at other banks, or available by investing directly in other money market mutual funds not offered through the Cash Sweep Program. You will receive the same interest rate on deposits at the Program Banks in the Bank Deposit Sweep Programs. The interest rate for the Bank Deposit Sweep Programs is based on prevailing business and economic conditions, and is set by the Clearing Firm, working with the Program Banks. The Clearing Firm and the Program Banks can, at their and the Program Banks' sole discretion, change the rate at any time. The rate will be based upon account type and with certain exceptions the total household value of assets in your Account(s) with us such that customers in higher asset tiers will generally receive higher interest rates. The total household value will include any balances in the Bank Deposit Sweep Programs, as well as all other assets listed in your Account statements. The grouping of accounts into a household can be performed by your Advisor based on account eligibility and family relationships. In general, a household may contain all of your personal accounts as well as the accounts of your spouse or domestic partner, dependents, and wholly-owned businesses. Retirement and (Clearing Firm related) Advisory accounts in the Bank Deposit Sweep Programs may receive a tier rate that is generally higher than that paid to other account types. Tiers and interest rates on different tiers may change from time to time at our Clearing Firm's discretion. Please contact your Advisor to find out more about house holding and to ensure all eligible accounts are grouped in a household. The Clearing Firm and the Program Banks do not have a duty to provide the highest rates prudently available and may instead seek to pay as low a rate consistent with their views of competitive necessities. In the Standard Bank Deposit Sweep, lower rates may be more financially beneficial to us, the Clearing Firm, as well as Xxxxx Fargo & Company and its affiliates, including the Affiliated Banks and their respective personnel. In the Expanded Bank Deposit Sweep, lower rates may be more financially beneficial to the Clearing Firm, as well as the Program Banks, which include Affiliated Banks. There is no necessary linkage between bank rates of interest and the highest rates available in the market, including any money market mutual fund rates. By comparison, a Money Market Fund generally seeks to achieve the highest rate of return (less fees and expenses) consistent with the fund’s investment objective, which can be found in the fund’s prospectus. (Money Market Fund rates may, however, be affected by the fees imposed by the particular class of shares selected by us for the Cash Sweep Program.) As a result, the current rate of return on each Cash Sweep Vehicle will vary over time and there is no guarantee that the return on any particular Cash Sweep Vehicle will remain higher than the others over any given period. The Cash Sweep Vehicle for your Account should not be viewed as a long-term investment option. If you desire, as part of an investment strategy or otherwise, to maintain a cash position in your Account for other than a short period of time and/or are seeking the highest yields currently available in the market for your cash balances, please contact your Advisor to discuss investment options that may be available outside of the Cash Sweep Program to help maximize your return potential consistent with your investment objectives, liquidity needs, and risk tolerance. Please note, however, that available cash accumulating in your Account will not be automatically swept into any investment you purchase outside of the Cash Sweep Program.

Access to Funds. You may only access the balances held in your Cash Sweep Vehicle through your Accountbrokerage account. As required by federal banking regulations, the Program Banks reserve the right to require seven days prior notice before permitting a transfer out of the Bank Deposit Sweep ProgramsSweep. The Program Banks have no intention of exercising this right at the present time. Pursuant to SEC rules, Money Market Funds may impose a fee on redemptions (liquidity fee) of up to 2% or a suspension of redemptions (gate) if a fund's weekly liquid assets fall below 30% of its total assets, and if the fund's board considers such actions in the best interest of the fund's shareholders. In addition, the Money Market Funds may reserve the right to require one or more days day’s prior notice before permitting withdrawals. Please refer to review the fund's prospectus for the Money Market Fund for further information. Statements and Confirmations: Your Account account statement will indicate your balance, detail transactions, and reflect interest or dividends relating to your Cash Sweep Vehicle. These account statements are provided in lieu of separate confirmations of sweep transactions. Interest/Dividends Payable: Interest on cash in the Bank Deposit Sweep Programs is accrued daily, compounded monthly, monthly and credited to your Account account on the last business day of each monthly statement period. Dividends on the shares in the Money Market Fund Funds will not be payable in cash but will be reinvested each month in additional shares of the applicable Money Market Fund at the current net asset value. Dividends are not guaranteed and are subject to change or elimination. Rate of Return: The rate of return for each available Cash Sweep Vehicle can be obtained from your financial professional or by calling the general inquiries phone number listed on the front of your Account statement or found on our Clearing Firm’s website at xxxxxxxxxxxxxxxxxxxxxxxxxxxxx.xxxaccount statement. These rates will vary over time and may be lower than rates available to customers clients making deposits directly with the Program Banks or at other banks, or available by investing directly in other money market mutual funds not offered through the Cash Sweep Program. You will receive the same The rate of interest rate paid on deposits at the Program Banks in the Bank Deposit Sweep Programs. The interest rate for will be established periodically by the Bank Deposit Sweep Programs is Program Banks, who may consult with the Clearing Agent, based on upon prevailing business and economic conditions, and is set by the Clearing Firm, working with the Program Banks. The Clearing Firm and the Program Banks can, at their and the Program Banks' sole discretion, change the rate at any time. The rate will be based upon account type and with certain exceptions the total household value of assets in your Account(sand/or tiered based upon account value. 568205 (Rev 09) with us such that customers in higher asset tiers will generally receive higher interest rates. The total household value will include any balances in the Bank Deposit Sweep Programs, as well as all other assets listed in your Account statements. The grouping of accounts into a household can be performed by your Advisor based on account eligibility and family relationships. In general, a household may contain all of your personal accounts as well as the accounts of your spouse or domestic partner, dependents, and wholly-owned businesses. Retirement and (Clearing Firm related) Advisory accounts in the Bank Deposit Sweep Programs may receive a tier rate that is generally higher than that paid to other account types. Tiers and interest rates on different tiers may change from time to time at our Clearing Firm's discretion. Please contact your Advisor to find out more about house holding and to ensure all eligible accounts are grouped in a household. The Clearing Firm and the Program Banks do not have a duty to provide the highest rates prudently available and may instead seek to pay as low a rate consistent with their views of competitive necessities. In the Standard Bank Deposit Sweep, lower Lower rates may be more financially beneficial to us, the Clearing FirmAgent, as well as Xxxxx Fargo & Company and its affiliates, including the Affiliated Program Banks and their respective personnel. In the Expanded Bank Deposit Sweep, lower rates may be more financially beneficial to the Clearing Firm, as well as the Program Banks, which include Affiliated Banks. There is no necessary linkage between bank rates of interest and the highest rates available in the market, including any money market \ mutual fund rates. By comparison, a Money Market Fund generally seeks to achieve the highest rate of return (less fees and expenses) consistent with the fund’s investment objective, which can be found in the fund’s prospectus. (Money Market Fund rates may, however, be affected by the fees imposed by the particular class of shares selected by us for the Cash Sweep Program.) As a result, the current rate of return on each Cash Sweep Vehicle will vary over time and there is no guarantee that the return on any particular Cash Sweep Vehicle will remain higher than the others over any given period. The Cash Sweep Vehicle for your Account account should not be viewed as a long-term investment option. If you desire, as part of an investment strategy or otherwise, to maintain a cash position in your Account account for other than a short period of time and/or are seeking the highest yields currently available in the market for your cash balances, please contact your Advisor financial professional to discuss investment options that may be available outside of the Cash Sweep Program to help maximize your return potential consistent with your investment objectives, liquidity needs, needs and risk tolerance. Please note, however, that available cash accumulating in your Account account will not be automatically swept into any investment you purchase outside of the Cash Sweep Program.

Access to Funds. You may only access the balances held in your Cash Sweep Vehicle through your Accountbrokerage account. As required by federal banking regulations, the Program Banks reserve the right to require seven days prior notice before permitting a transfer out of the Bank Deposit Sweep Programs. The Program Banks have no intention of exercising this right at the present time. Pursuant to SEC rules, Money Market Funds may impose a fee on redemptions (liquidity fee) of up to 2% or a suspension of redemptions (gate) if a fund's weekly liquid assets fall below 30% of its total assets, and if the fund's board considers such actions in the best interest of the fund's shareholders. In addition, the Money Market Funds may reserve the right to require one or more days prior notice before permitting withdrawals. Please refer to the fund's prospectus for further information. Statements and Confirmations: Your Account account statement will indicate your balance, detail transactions, and reflect interest or dividends relating to your Cash Sweep Vehicle. These account statements are provided in lieu of separate confirmations of sweep transactions. Interest/Dividends Payable: Interest on cash in the Bank Deposit Sweep Programs is accrued daily, compounded monthly, and credited to your Account account on the last business day of each monthly statement period. Dividends on the shares in the Money Market Fund will not be payable in cash but will be reinvested each month in additional shares of the applicable Money Market Fund at the current net asset value. Dividends are not guaranteed and are subject to change or elimination. Rate of Return: The rate of return for each available Cash Sweep Vehicle can be obtained from your financial professional or by calling the general inquiries phone number listed on your Account account statement or found on our Clearing Firm’s website at xxxxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx. These rates will vary over time and may be lower than rates available to customers clients making deposits directly with the Program Banks or at other banks, or available by investing directly in other money market mutual funds not offered through the Cash Sweep Program. You will receive the same interest rate on deposits at the Program Banks in the Bank Deposit Sweep Programs. The interest rate for the Bank Deposit Sweep Programs is based on prevailing business and economic conditions, and is set by the Clearing Firm, working with the Program Banks. The Clearing Firm and the Program Banks can, at their and the Program Banks' sole discretion, change the rate at any time. The rate will be based upon account type and with certain exceptions the total household value of assets in your Account(saccount(s) with us such that customers clients in higher asset tiers will generally receive higher interest rates. The total household value will include any balances in the Bank Deposit Sweep Programs, as well as all other assets listed in your Account account statements. The grouping of accounts into a household can be performed by your Advisor investment professional based on account eligibility and family relationships. In general, a household may contain all of your personal accounts as well as the accounts of your spouse or domestic partner, dependents, and wholly-owned businesses. Retirement and (Clearing Firm related) Advisory accounts in the Bank Deposit Sweep Programs may receive a tier rate that is generally higher than that paid to other account types. Tiers and interest rates on different tiers may change from time to time at our Clearing Firm's discretion. Please contact your Advisor investment professional to find out more about house holding and to ensure all eligible accounts are grouped in a household. The Clearing Firm and the Program Banks do not have a duty to provide the highest rates prudently available and may instead seek to pay as low a rate consistent with their views of competitive necessities. In the Standard Bank Deposit Sweep, lower rates may be more financially beneficial to us, the Clearing Firm, as well as Xxxxx Fargo & Company and its affiliates, including the Affiliated Banks and their respective personnel. In the Expanded Bank Deposit Sweep, lower rates may be more financially beneficial to the Clearing Firm, as well as the Program Banks, which include Affiliated Banks. There is no necessary linkage between bank rates of interest and the highest rates available in the market, including any money market mutual fund rates. By comparison, a Money Market Fund generally seeks to achieve the highest rate of return (less fees and expenses) consistent with the fund’s investment objective, which can be found in the fund’s prospectus. (Money Market Fund rates may, however, be affected by the fees imposed by the particular class of shares selected by us for the Cash Sweep Program.) As a result, the current rate of return on each Cash Sweep Vehicle will vary over time and there is no guarantee that the return on any particular Cash Sweep Vehicle will remain higher than the others over any given period. The Cash Sweep Vehicle for your Account account should not be viewed as a long-term investment option. If you desire, as part of an investment strategy or otherwise, to maintain a cash position in your Account account for other than a short period of time and/or are seeking the highest yields currently available in the market for your cash balances, please contact your Advisor financial professional to discuss investment options that may be available outside of the Cash Sweep Program to help maximize your return potential consistent with your investment objectives, liquidity needs, and risk tolerance. Please note, however, that available cash accumulating in your Account account will not be automatically swept into any investment you purchase outside of the Cash Sweep Program.