Common use of Investment of Account Assets Clause in Contracts

Investment of Account Assets. a. All contributions to the custodial account shall be invested in the shares of the Brown Advisory Funds or, if available, any other series of Brown Advisory Funds or other regulated investment companies for which Brown Advisory, LLC serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

Investment of Account Assets. a. b. All contributions to the custodial account shall be invested in the shares of the Brown Advisory Funds or, if available, any other series of Brown Advisory Funds or other regulated investment companies for which Brown Advisory, Advisory LLC serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

Investment of Account Assets. a. All contributions to the custodial account shall be invested in the shares of the Brown Advisory Funds or, if available, any other series of Brown Advisory Funds or other regulated investment companies for which Brown Advisory, Advisory LLC serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.