Common use of Appointment of Investment Advisor Clause in Contracts

Appointment of Investment Advisor. The Student may in writing appoint an investment advisor with respect to the Custodial Account on a form acceptable to the Custodian and the Service Company. The investment advisor’s appointment will be in effect until written notice to the contrary is received by the Custodian and the Service Company. While an investment advisor’s appointment is in effect, the investment advisor may issue investment directions or may issue orders for the sale or purchase of shares of one or more Funds to the Service Company, and the Service Company will be fully protected in carrying out such investment directions or orders to the same extent as if they had been given by the Student. The Student’s appointment of any investment advisor will also be deemed to be instructions to the Custodian and the Service Company to pay such investment advisor’s fees to the investment advisor from the Custodial Account hereunder without additional authorization by the Student or the Custodian.

Appointment of Investment Advisor. The Student student may in writing appoint an investment advisor with respect to the Custodial Account custodial account on a form acceptable to the Custodian custodian and the Service Companyservice company. The investment advisor’s appointment will be in effect until written notice to the contrary is received by the Custodian custodian and the Service Companyservice company. While an investment advisor’s appointment is in effect, the investment advisor may issue investment directions or may issue orders for the sale or purchase of shares of one or more Funds funds to the Service Companyservice company, and the Service Company service company will be fully protected in carrying out such investment directions or orders to the same extent as if they had been given by the Studentstudent. The Studentstudent’s appointment of any investment advisor will also be deemed to be instructions to the Custodian custodian and the Service Company service company to pay such investment advisor’s fees to the investment advisor from the Custodial Account custodial account hereunder without additional authorization by the Student student or the Custodiancustodian.