Common use of Borrowing and Indebtedness Clause in Contracts

Borrowing and Indebtedness. The Board shall not borrow money or incur indebtedness whether or not the proceeds thereof are intended to be used to purchase Permitted Investments except as a temporary measure to facilitate the transfer of funds to the Participant that might otherwise require unscheduled dispositions of portfolio investments but only to the extent permitted by law.

Borrowing and Indebtedness. The Board shall not borrow money or incur indebtedness indebtedness, whether or not the proceeds thereof are intended to be used to purchase Permitted Investments or Investment Property, except as a temporary measure to facilitate the transfer of funds to the Participant that might otherwise require unscheduled dispositions of portfolio investments investments, but only to the extent permitted by law. No such indebtedness shall have a maturity later than that necessary to avoid the unscheduled disposition of portfolio investments.

Borrowing and Indebtedness. The Board shall not borrow money or incur indebtedness indebtedness, whether or not the proceeds thereof are intended to be used to purchase Permitted Investments Investments, except as a temporary measure to facilitate the transfer of funds to the Participant that which might otherwise require unscheduled dispositions of portfolio investments investments, but only to the extent permitted by law.

Borrowing and Indebtedness. The Board shall not borrow money or incur indebtedness indebtedness, whether or not the proceeds thereof are intended to be used to purchase Permitted Authorized Investments or the Trust Assets, except as a temporary measure to facilitate the transfer of funds to the Participant that which might otherwise require unscheduled dispositions of portfolio investments Portfolio investments, but only to the extent permitted by law. No such indebtedness shall have a maturity later than that necessary to avoid the unscheduled disposition of Portfolio investments.

Borrowing and Indebtedness. The Board shall not borrow money or incur indebtedness indebtedness, whether or not the proceeds thereof are intended to be used to purchase Permitted Investments or Investment Property, except as a temporary measure to facilitate the transfer of funds to the Participant that which might otherwise require unscheduled dispositions of portfolio investments investments, but only to the extent permitted by law. No such indebtedness shall have a maturity later than that necessary to avoid the unscheduled disposition of portfolio investments.