Uninvested Cash. The Participant shall direct the Custodian as to the investment of all cash that is not currently invested in assets described in Article VIII, Section 4(a), of the Plan. The Participant or his or her legal representative shall direct the Custodian with respect to the investment of the cash pending distribution. In the absence of such direction, the Custodian shall have no investment responsibility for such cash and the Custodian shall not be liable for holding such cash uninvested.
Uninvested Cash. The Participant understands that any idle cash in the IRA will be invested in a money market fund, deposit account, or other investment made available through your financial organization, unless the Participant elects otherwise by checking the box below. Any such investment of idle cash is made pursuant to a prospectus or other offering document, which the Participant should obtain from his or her financial organization.1 DO NOT INVEST IDLE CASH. (The Participant understands that the Custodian has no responsibility to credit interest on uninvested cash in any IRA.)
Uninvested Cash. Uninvested cash will be placed on deposit with the Trustee or an affiliate of the Trustee. The interest on such cash balances payable to the Account will be determined by the Agent from time to time in its sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent for distribution to the Account and the Agent shall credit the Account with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.
Uninvested Cash. The Participant understands that any idle cash in the XXX will be invested in a money market fund, deposit account, or other investment made available from your financial organization, unless the Participant elects otherwise by checking the box below. Any such investment of idle cash is made pursuant to a prospectus or other offering document, which the Participant should obtain from his or her financial organization. Do NOT invest idle cash The Participant understands that the Custodian has no responsibility to credit interest on uninvested cash in any XXX.
Uninvested Cash. Uninvested cash, in whatever currency held within the Account, will be placed on deposit with the Trustee or an affiliate of the Trustee and held in the same currency as received from the Agent, provided that such currency is a currency that has been agreed from time to time by the Trustee and Agent and repaid in the same currency. The interest on such cash balances payable to the Account will be determined by the Agent from time to time in its sole discretion with no obligation to pay a minimum amount or rate. The Trustee will pay interest to the Agent, in the same currency as the uninvested cash was received, as referred to above, for distribution to the Account and the Agent shall credit the Account with appropriate interest. The Trustee shall have no liability for such payment of interest once it is paid to the Agent for distribution.
Uninvested Cash. The Participant directs PENSCO to deposit all undirected and un-invested cash into deposit accounts at one or more Federal Deposit Insurance Corporation (“FDIC”) insured banks selected by PENSCO. The Participant acknowledges that the deposits at each bank will be insured by the FDIC up to the federal deposit insurance limits (currently $250,000 per accountholder) and that any amount in excess of the legal limit will not be insured by the FDIC. PENSCO shall seek to identify depository banks that are categorized as “well capitalized” institutions by the FDIC. However, the Participant acknowledges and agrees that PENSCO makes no representations or warranties as to the financial status of any depository bank or its ability to satisfy its obligations to the Partici- pant and that the status of a depository bank as a “well capitalized” bank at any particular time does not mean that it will be so at any time in the future. The fee paid to PENSCO shall be deducted from interest earned on cash balances prior to the crediting of such interest to the Partici- pant’s custodial account at the end of each month. The account is only eligible to earn interest if it is open as of the interest crediting date and any interest earned on my account during a month that an account is closed prior to the interest crediting date will be paid to PENSCO as an additional fee. The fee is charged as a percent- age, as determined in the discretion of PENSCO from time to time (the “percentage”), but not to exceed a maximum per annum rate of 3.50% of the average daily balance of custodial account cash as described in the Un-Invested Cash section above. The actual amount of the fee paid to PENSCO will vary depending on the level of the cash balance held by the Participant in the custodial account on a daily basis and the percentage charged by PENSCO on the cash balance from time to time. The fee may reduce the amount of net interest so paid to the Participant on a monthly basis to zero or a negligible amount. The fee will not be charged against the princi- pal balance of cash held by the Participant in the custodial account. PENSCO reserves the right to effect changes to its Fee Schedule upon thirty (30) days’ prior written notice to the Participant, with the exception of the fee which will vary from time to time based on the cash balance held by the Participant in the custodial account and for which the percentage charged by PENSCO may be changed at any time without notice except that an ...
Uninvested Cash. The Trustee will hold all cash not currently invested (as described in Section 5.1 above) and cash held pending distribution in a non-interest bearing account.
Uninvested Cash. The Trustee shall hold all uninvested cash as described in Plan section 5.4. The Trustee is authorized to maintain reasonable balances of uninvested cash to facilitate the orderly administration of the Trust Fund without liability for interest.
Uninvested Cash. 53 5.5 Earnings................................................................53 5.6
Uninvested Cash. Subject to the directions of the Seller, or its Representative, the Escrow Agent may hold any or all of the Escrow Fund in cash, uninvested and nonproductive of income. The Escrow Agent shall not be required to pay interest on any cash so held uninvested. The Escrow Agent may deposit cash awaiting investment or distribution in any interest-bearing account in any Bank (including the Escrow Agent).
