Common use of Authority to Commingle Clause in Contracts

Authority to Commingle. The Trustee may commingle Pool Proceeds and interest earnings and other investment earnings with respect to two or more Trusts, and also may commingle Pool Proceeds and interest earnings and other investment earnings with respect to any Trust with other proceeds and earnings held by the Trustee in trust, including assets of Other Xxxxxx Xxx Trusts, provided that the Trustee maintains or causes to be maintained records by which the separate interests of each Trust can be ascertained.

Appears in 10 contracts

Samples: Master Trust Agreement, Second Amended and Restated 2016 Single Family Master Trust Agreement, Single Family Master Trust Agreement

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Authority to Commingle. The Trustee may commingle Pool Proceeds and interest earnings and other investment earnings with respect to two or more Trusts, and also may commingle Pool Proceeds and interest earnings and other investment earnings with respect to any Trust with other proceeds and earnings held by the Trustee in trust, including assets of Other Xxxxxx Xxx Trusts, provided that the Trustee maintains or causes to be maintained records by which the separate interests of each Trust can be ascertained.ascertained.β€Œ

Appears in 5 contracts

Samples: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement

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