Investment Provisions. All contributions shall be invested and reinvested by the Custodian as directed by the Depositor (or the direction of the beneficiary upon the Depositor's death). Investments are limited to the investments listed on the most current Application.
Investment Provisions. All contributions shall be invested and reinvested by the Custodian as directed by the Participant (or the direction of the beneficiary upon the Depositor's death)(1) in a class or classes of savings accounts with the Custodian, which the Custodian shall designate as the class or classes of savings accounts to be offered for investment of SIMPLE IRA funds, (2) if the Custodian consents in a class or classes of savings accounts in another insured institution, or (3) other investments agreed to from time to time by the Custodian, including but not limited to US Series EE Savings Bonds. Pursuant to IRS Notice 98-4, Q&A J-4, if the Custodian is the Designated Financial Institution (DFI) and the Participant timely elects that his or her balance be transferred without cost or penalty to another SIMPLE IRA in accordance with the provisions described in the accompanying SIMPLE IRA Disclosure Statement, the Custodian reserves the right to restrict the participant's choice of investment alternatives as determined by the Custodian.
Investment Provisions. (a) All contributions shall be invested and reinvested by the Administrator or Custodian as directed by the Depositor. (
Investment Provisions. All contributions to the Xxxxxxxxx Account shall be invested and reinvested by the Custodian as directed by the Responsible Individual (or the Depositor or Designated Beneficiary, if applicable).
Investment Provisions. 11. The IRA accounts of each Participant shall be maintained and established with the: IRA Trustee/Custodian, named above. OR A Trustee/Custodian of each Participant's choice.
Investment Provisions. Pursuant to IRS Notice 97-6, Q&A J-4, if the Custodian is the Designated Financial Institution (DFI) and the Participant timely elects that his or her balance be transferred without cost or penalty to another SIMPLE IRA in accordance with the provisions described in the accompanying SIMPLE IRA Disclosure Statement, the Custodian reserves the right to restrict the participant's choice of investment alternatives as determined by the Custodian.
Investment Provisions. 11. The XXX accounts of each Participant shall be maintained and established with the: XXX Trustee/Custodian, named above. OR A Trustee/Custodian of each Participant's choice.
Investment Provisions. 1.1 Any monies requiring investment hereunder may be invested in or upon any such investments of whatsoever nature and wheresoever situate and whether producing income or not (including where permissible by law the purchase of any immovable or movable property whatsoever or any interest therein) as the Trustees shall in their discretion think fit.
Investment Provisions. All contributions to the custodial account shall be invested and reinvested by the Custodian as directed by the Participant without distinction between principal and income, in shares of one or more fund(s) being each a regulated investment company as defined in Code Section 851(a).
Investment Provisions. The Escrow Agent shall invest the Escrowed Funds at, and pursuant to, the joint written direction of LeukoSite and the Stockholders' Representatives in Eligible Investments and shall not be responsible for or liable for any loss accruing from any investment made in accordance herewith. "Eligible Investments" shall mean (i) obligations issued or guaranteed by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof); (ii) obligations (including certificates of deposit and banker's acceptances) of any domestic commercial bank having capital and surplus in excess of $500,000,000; (iii) repurchase obligations for underlying securities of the type described in clause (i); (iv) shares of money market funds at least 95% of the assets of which constitute obligations of the type described in clause (i) above. No investment shall have a term of more than 90 days. If otherwise qualified, obligations of the Escrow Agent shall qualify as Eligible Investments. Absent its timely receipt of such specific written investment instructions from LeukoSite and the Stockholders' Representatives, the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Escrow Funds. All earnings received from the investment of the Escrow Funds shall be credited to, and shall become a part of, the Escrow Fund (and any losses on such investments shall be debited to the Escrow Account). The Escrow Agent shall have no liability for any investment losses, including any losses on any investment required to be liquidated prior to maturity in order to make a payment required hereunder.
