Common use of Terminations Clause in Contracts

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor (or Beneficiary, if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiary) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiary) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, as his/her interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary on file with the Custodian, then to the Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a). The Depositor (or Beneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorStudent. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor Student (or Beneficiary, his or her Beneficiaries if the Depositor Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Student (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor Student (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Student (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Student (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor Student (or Beneficiary, to his or her Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor Student is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's Student’s estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b10.15(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a10.12(a). The Depositor Student (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Depositor (or Beneficiary, his or her Beneficiaries if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, to his Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's ’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor (or Beneficiary, his or her Beneficiaries if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, to his Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor (or Beneficiary, if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiary) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiary) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, ,as his/her interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary on file with the Custodian, then to the Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor (or Beneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorStudent. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor Student (or Beneficiary, his or her Beneficiaries if the Depositor Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Student (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor Student (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Student (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Student (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor Student (or Beneficiary, to his or her Beneficiaries as his/her their interests shall appear on file with wi h the Custodian) or, (ii) if the Depositor Student is deceased with no Beneficiary Beneficiaries on file with wi h the Custodian, then to the Depositor's Student ‘s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 9.17(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a13(a). The Depositor Student (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor (or Beneficiary, his or her Beneficiaries if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, to his Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's ’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (ai) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorStudent. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor Student (or Beneficiary, his or her Beneficiaries if the Depositor Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Student (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor Student (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Student (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Student (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor Student (or Beneficiary, to his or her Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor Student is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the DepositorStudent 's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a13(a). The Depositor Student (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor (or Beneficiary, if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiary) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiary) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, as his/her interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary on file with the Custodian, then to the Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor (or Beneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force foce and effect upon a complete distribution of the Custodial Account to the Depositor Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorStudent. In addition, the Sponsor shall have ahev the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor Student (or Beneficiary, his or her Beneficiaries if the Depositor Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Student (or Beneficiary) shall instruct his or shall distribute the Custodial Account to the Depositor (or Beneficiaryher Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Student (or Beneficiaryhis or her Beneficiaries) has not ot directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Student (or Beneficiary,his or her Benefeciaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account Accoun to (i) the Depositor Student (or Beneficiary, to his or her Beneficiares) as his/her their interests shall appear on file with the Custodian) or, or (ii) if the Depositor Student is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's Student’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 9.17(b16(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a13(a). The Depositor Student (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the Depositor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Depositor (or Beneficiary, if the Depositor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor (or Beneficiary) shall instruct or shall distribute the Custodial Account to the Depositor (or Beneficiary) if so directed. If, at the end of such thirty (30) day period, the Depositor (or Beneficiary) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor (or Beneficiary,) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor (or Beneficiary, as his/her interests shall appear on file with the Custodian) or, (ii) if the Depositor is deceased with no Beneficiary on file with the Custodian, then to the Depositor's estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a). The Depositor (or Beneficiary) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor Student (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorStudent. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days days’ notice to the Custodian and the Depositor Student (or Beneficiary, his or her Beneficiaries if the Depositor Student is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Student (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor Student (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Student (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Student (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor Student (or Beneficiary, to his or her Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor Student is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's Student’s estate, subject to the Custodian's right to reserve funds as provided in Section 9.17(b10.15(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a10.12(a). The Depositor Student (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.

Terminations. (a) This Agreement shall terminate and have no further force and effect upon a complete distribution of the Custodial Account to the Depositor Investor (or his or her Beneficiaries) or to a successor custodian or trustee in accordance with the instructions provided to the Custodian by the DepositorInvestor. In addition, the Sponsor shall have the right to terminate this Agreement and instruct the Custodian to distribute the Custodial Account upon thirty (30) days notice to the Custodian and the Depositor Investor (or Beneficiary, his or her Beneficiaries if the Depositor Investor is deceased). In the event of such termination by the Sponsor, the Custodian shall transfer the entire amount in the Custodial Account to a successor custodian or trustee as the Depositor Investor (or Beneficiaryhis or her Beneficiaries) shall instruct or shall distribute the Custodial Account to the Depositor Investor (or Beneficiaryhis or her Beneficiaries) if so directed. If, at the end of such thirty (30) day period, the Depositor Investor (or Beneficiaryhis or her Beneficiaries) has not directed the Custodian to transfer or distribute the amount in the Custodial Account as described above then the Depositor Investor (or Beneficiary,his or her Beneficiaries) will be deemed to have directed the Custodian to distribute any amount remaining in the Custodial Account to (i) the Depositor Investor (or Beneficiary, to his Beneficiaries as his/her their interests shall appear on file with the Custodian) or, (ii) if the Depositor Investor is deceased with no Beneficiary Beneficiaries on file with the Custodian, then to the Depositor's Investor’s estate, subject to the Custodian's ’s right to reserve funds as provided in Section 9.17(b17(b). The Sponsor and the Custodian will be fully protected in making any and all such distributions pursuant to this Section 9.14(a14(a). The Depositor Investor (or Beneficiaryhis or her Beneficiaries) shall be fully responsible for any taxes due on such distribution.