Common use of Asset Investment Clause in Contracts

Asset Investment. When the University deposits funds with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investments”). In doing so, it is mutually understood that: A. the University retains ownership of University funds; B. the Alumni Foundation is authorized to invest the University funds in the same manner as other Alumni Foundation funds; C. University funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investments; E. there is no trust relationship between the University and the Alumni Foundation, express or implied; F. pooled investments are invested in accordance with the Alumni Foundation’s investment policy; G. there is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the University’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and J. the University representative for all matters relating to the investment of University funds by the Alumni Foundation is the University President or his or her designee. For all University funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University funds as may be requested or required. The Alumni Foundation shall make its fund administration and investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy change. Upon written notice from an authorized University administrator requesting withdrawal of University funds from the pooled investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When If the University Consortium Board deposits funds gifts with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle pool those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investmentsPooled Investments”). In doing so, it is mutually understood that: A. the University 1. The Consortium Board retains ownership of University fundsConsortium Board funds which shall be identifiable within Pooled Investments; B. the Alumni 2. The Foundation is authorized to invest the University Consortium Board funds in the same manner as other Alumni Foundation funds; C. University 3. Consortium Board funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University 4. Consortium Board funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investmentsPooled Investments; E. there 5. There is no expressed or implied trust relationship between the University Foundation and the Alumni Foundation, express or impliedConsortium Board; F. pooled investments are 6. Pooled Investments shall be invested in accordance with the Alumni Foundation’s investment policy; G. there 7. There is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the UniversityConsortium Board’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither 8. Neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni 9. The Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; andorganization; J. the University 10. The Consortium Board’s representative for all matters relating to the investment of University Consortium Board funds by the Alumni Foundation is the University President Consortium Board Chair or his or his/her designee. For all University Consortium Board funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University Consortium Board funds as may be requested or required. The Alumni Additionally, the Foundation shall make its fund administration and investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changeConsortium Board with a copy of the most recent investment policy. Upon written notice from an authorized University administrator the Consortium Board requesting withdrawal of University Consortium Board funds from the pooled investmentsPooled Investments, the Alumni Foundation will promptly withdraw the funds within a reasonable length of time such that removal of the funds may be reasonably completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University If LCCC deposits funds gifts with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle pool those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investmentsPooled Investments”). In doing so, it is mutually understood that: A. the University :  LCCC retains ownership of University LCCC funds; B. the Alumni ;  The Foundation is authorized to invest the University LCCC funds in the same manner as other Alumni Foundation funds; C. University ;  LCCC funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University ;  LCCC funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investments; E. there Pooled Investments;  There is no trust relationship between the University Foundation and the Alumni Foundation, LCCC express or implied; F. pooled investments are ;  Pooled Investments shall be invested in accordance with the Alumni Foundation’s investment policy; G. there ;  There is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the UniversityLCCC’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither ;  Neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni ;  The Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and J. the University  LCCC’s representative for all matters relating to the investment of University LCCC funds by the Alumni Foundation is the University LCCC President or his or his/her designee. For all University LCCC funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University LCCC funds as may be requested or required. The Alumni Additionally, the Foundation shall make its fund administration and provide LCCC with a copy of the most recent investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changepolicy. Upon written notice from an authorized University administrator LCCC requesting withdrawal of University LCCC funds from the pooled investmentsPooled Investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University deposits funds with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investmentsPooled Investments”). In doing so, it is mutually understood that: A. (a) the University retains ownership of University funds; B. (b) the Alumni Foundation is authorized to invest the University funds in the same manner as other the Alumni Foundation funds; C. (c) University funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policiesFund Administration Policies; D. (d) University funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investmentsPooled Investments; E. (e) there is no trust relationship between the University and the Alumni Foundation, Foundation express or implied; F. pooled investments (f) Pooled Investments are invested in accordance with the Alumni Foundation’s investment policy; G. (g) there is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the University’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. (h) neither party is obligated to offer or accept investment advice to or from the other party; I. (i) the Alumni Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and; J. (j) the University representative for all matters relating to the investment of University funds by the Alumni Foundation is the University President or his or her designee. For all University funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University funds as may be requested or required. The University President may attend any Alumni Foundation Board of Governors meeting where decision or discussion regarding the investment policy may be held. Additionally, the Alumni Foundation shall make its fund administration and investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changewith a copy of the most recent investment policy. Upon written notice from an authorized University administrator requesting withdrawal of University funds from the pooled investmentsPooled Investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University deposits funds with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investments”). In doing so, it is mutually understood that: A. the University retains ownership of University funds; B. the Alumni Foundation is authorized to invest the University funds in the same manner as other Alumni Foundation funds; C. University funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investments; E. there is no trust relationship between the University and the Alumni Foundation, express or implied; F. pooled investments are invested in accordance with the Alumni Foundation’s investment policy; G. there is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the University’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and J. the University representative for all matters relating to the investment of University funds by the Alumni Foundation is the University President or his or her designee. For all University funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University funds as may be requested or required. The Alumni Foundation shall make its fund administration and investment policies publicly available available, and provide the University an opportunity to provide feedback on any proposed policy change. Upon written notice from an authorized University administrator requesting withdrawal of University funds from the pooled investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University If LCCC deposits funds gifts with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle pool those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investmentsPooled Investments”). In doing so, it is mutually understood that: A. the University 1. LCCC retains ownership of University LCCC funds; B. the Alumni 2. The Foundation is authorized to invest the University LCCC funds in the same manner as other Alumni Foundation funds; C. University 3. LCCC funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University 4. LCCC funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investmentsPooled Investments; E. there 5. There is no trust relationship between the University Foundation and the Alumni Foundation, LCCC express or implied; F. pooled investments are 6. Pooled Investments shall be invested in accordance with the Alumni Foundation’s investment policy; G. there 7. There is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the UniversityLCCC’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither 8. Neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni 9. The Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and; J. the University 10. LCCC’s representative for all matters relating to the investment of University LCCC funds by the Alumni Foundation is the University LCCC President or his or his/her designee. For all University LCCC funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University LCCC funds as may be requested or required. The Alumni Additionally, the Foundation shall make its fund administration and provide LCCC with a copy of the most recent investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changepolicy. Upon written notice from an authorized University administrator LCCC requesting withdrawal of University LCCC funds from the pooled investmentsPooled Investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University If LCCC deposits funds gifts with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle pool those funds with the Alumni Foundation’s 's funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investments”"Pooled Investments"). In doing so, it is mutually understood that: A. the University 1. LCCC retains ownership of University LCCC funds; B. the Alumni 2. The Foundation is authorized to invest the University LCCC funds in the same manner as other Alumni Foundation funds; C. University 3. LCCC funds are subject to the Alumni Foundation’s 's administrative fees in accordance with the Alumni Foundation’s fund administration 's policies; D. University 4. LCCC funds may be pooled with the Alumni Foundation’s 's institutional funds and other funds for the purpose of participating in the pooled investmentsPooled Investments; E. there 5. There is no trust relationship between the University Foundation and the Alumni Foundation, LCCC express or implied; F. pooled investments are 6. Pooled Investments shall be invested in accordance with the Alumni Foundation’s 's investment policy; G. there 7. There is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the University’s LCCC's principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. neither 8. Neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni 9. The Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and; J. the University 10. LCCC's representative for all matters relating to the investment of University LCCC funds by the Alumni Foundation is the University LCCC President or his or his/her designee. For all University LCCC funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University LCCC funds as may be requested or required. The Alumni Additionally, the Foundation shall make its fund administration and provide LCCC with a copy of the most recent investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changepolicy. Upon written notice from an authorized University administrator LCCC requesting withdrawal of University LCCC funds from the pooled investmentsPooled Investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University deposits funds with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investments”). In doing so, it is mutually understood that: A. the University retains ownership of University funds; B. the Alumni Foundation is authorized to invest the University funds in the same manner as other Alumni Foundation funds; C. University funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policies; D. University funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investments; E. there is no trust relationship between the University and the Alumni Foundation, express or implied; F. pooled investments are invested in accordance with the Alumni Foundation’s investment policy; G. there is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the University’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. X. neither party is obligated to offer or accept investment advice to or from the other party; I. the Alumni Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and J. X. the University representative for all matters relating to the investment of University funds by the Alumni Foundation is the University President or his or her designee. For all University funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University funds as may be requested or required. The Alumni Foundation shall make its fund administration and investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy change. Upon written notice from an authorized University administrator requesting withdrawal of University funds from the pooled investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.

Asset Investment. When the University GFC deposits funds with the Alumni Foundation for investment purposes, the Alumni Foundation may comingle those funds with the Alumni Foundation’s funds and other funds held by the Alumni Foundation in a pooled investment portfolio (“pooled investmentsPooled Investments”). In doing so, it is mutually understood that: A. the University (a) GFC retains ownership of University GFC funds; B. (b) the Alumni Foundation is authorized to invest the University GFC funds in the same manner as other the Alumni Foundation funds; C. University (c) GFC funds are subject to the Alumni Foundation’s administrative fees in accordance with the Alumni Foundation’s fund administration policiesFund Administration Policies; D. University (d) GFC funds may be pooled with the Alumni Foundation’s institutional funds and other funds for the purpose of participating in the pooled investmentsPooled Investments; E. (e) there is no trust relationship between the University GFC and the Alumni Foundation, Foundation express or implied; F. pooled investments (f) Pooled Investments are invested in accordance with the Alumni Foundation’s investment policy; G. (g) there is an inherent risk involved with investing that is beyond the control of the Alumni Foundation, including the potential for loss of the UniversityGFC’s principal in the initial investment, loss of subsequent deposits, loss of interest or appreciation, and loss of other financial gains; H. (h) neither party is obligated to offer or accept investment advice to or from the other party; I. (i) the Alumni Foundation has not and does not hold itself out as an investment advisor or as a professional investment corporation; and; J. (j) the University GFC representative for all matters relating to the investment of University GFC funds by the Alumni Foundation is the University President GFC CEO/Xxxx or his or her designee. For all University GFC funds invested by the Alumni Foundation, the Alumni Foundation shall provide periodic summaries and confirmations of balances of University GFC funds as may be requested or required. The GFC CEO/Xxxx may attend any Alumni Foundation Board of Governors meeting where decision or discussion regarding the investment policy may be held. Additionally, the Alumni Foundation shall make its fund administration and provide GFC with a copy of the most recent investment policies publicly available and provide the University an opportunity to provide feedback on any proposed policy changepolicy. Upon written notice from an authorized University GFC administrator requesting withdrawal of University GFC funds from the pooled investmentsPooled Investments, the Alumni Foundation will withdraw the funds within a reasonable length of time such that removal of the funds may be completed without adversely affecting the remaining investment portfolio.