Common use of Termination of Liability Clause in Contracts

Termination of Liability. When the assets comprising the Custodial Account shall have been transferred and delivered to the successor Master Custodial Administration Agreement Administrator, and the accounts of the Master Custodial Administration Agreement Administrator have been settled, the Master Custodial Administration Agreement Administrator shall be released and discharged from all further accountability or liability for the Master Custodial Administration Agreement and shall not be responsible in any way for the further disposition of the Custodial Account or any part thereof.

Appears in 4 contracts

Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement

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