Commingled Fund Sample Clauses

Commingled Fund. Unless directed otherwise by the Committee, the Investment Committee or an Investment Manager, the Trustee shall consolidate assets of all Plan Accounts in a single Trust Fund which shall be commingled for investment purposes; all transactions shall be recorded on a combined basis. Any assets received by the Trustee shall be promptly invested in accordance with written instructions provided by the Committee, the Investment Committee or the Investment Manager, as applicable, or by Plan Participants or their beneficiaries. In accordance with the terms of the Plan, the Committee will communicate in writing to the Trustee the instructions received from Plan Participants or their beneficiaries as to their elected investments, or the Trustee may agree to receive Participant instructions from the Plan’s record keeper.
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Commingled Fund. The Trustee is directed to consolidate into a single fund (hereinafter called "the Commingled Fund") and to commingle all assets received and held by it in each Separate Trust with all assets received and held by it in each other Separate Trust governed by this Agreement, excepting any such assets hereinafter required to be segregated. The Trustee is directed to maintain at all times such records as will enable it to effect, as of any time, an equitable allocation and segregation of assets in the Commingled Fund into a separate fund held for the benefit of some or all of the Covered Individuals under one or more of the Plans. The Chief Financial Officer (as defined in Section 3) or the Company shall upon request of the Trustee provide the Trustee with such information as will enable the Trustee to maintain such records. If in the future the Trustee receives written notice from the Chief Financial Officer or the Company to effect any such allocation and segregation, the Trustee shall do so as soon thereafter as practicable. Thereafter the Trustee shall administer each such separate fund in the manner provided in Section 9, or if so directed by the Company shall deliver the assets of such separate fund to such successor trustee or trustees as shall be designated by the Company. The Trustee is hereby directed to effect such allocation and segregation in the event that any Separate Trust shall cease to remain qualified and exempt under Sections 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended (the "Code"). Each Separate Trust shall share proportionately in the aggregate investment experience of the Commingled Fund. With respect to assets hereunder segregated as provided in Section 2, the investment experience shall be shared proportionately by those participating therein.
Sample 1
Commingled Fund. The Trust Fund is made up of the assets of the Plans, which are being commingled for investment purposes. Although the assets of the Plans are being commingled for investment purposes, each Plan shall continue to be separate plan for all purposes, including (S) 414(1) of the Code. Each separate Plan shall be deemed to have an undivided interest in the Trust Fund except any such assets required to be segregated by the provisions herein or by the provisions of the Plan. The interest of a Plan in the Trust Fund shall be used solely for the benefit of the Covered Individuals of that Plan and to pay the expenses of that Plan. The portion of the Trust Fund attributable to one Plan may not be used for the benefit of any other Plan.
Sample 1
Commingled Fund. Except as may be otherwise required by the Plan, the Fund shall be deemed commingled for investment purposes.
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Commingled Fund. Landlord shall have no obligation to keep the Security Deposit as a separate fund. Landlord may mix and commingle the Security Deposit with such other funds and monies as Landlord deems appropriate.
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Related to Commingled Fund

  • FEMA Fund Certifications Submission of this proposal is Vendor’s certification that Vendor agrees to this term. Vendor certifies that IF and when Vendor accepts a TIPS purchase paid for in full or part with FEMA funds, Vendor certifies that: (1) Vendor agrees to provide the TIPS Member, the FEMA Administrator, the Comptroller General of the United States, or any of their authorized representatives access to and rights to reproduce any books, documents, papers, and records of the Contractor which are directly pertinent to this contract for the purposes of making audits, examinations, excerpts, and transcriptions. The Vendor agrees to provide the FEMA Administrator or an authorized representatives access to construction or other work sites pertaining to the work being completed under the contract. Vendor acknowledges and agrees that no language in this contract or the contract with the TIPS Member is intended to prohibit audits or internal reviews by the FEMA Administrator or the Comptroller General of the United States.

  • Commingling The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute Collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.

  • Unexpended Funds The Grantee must promptly return to the State any unexpended funds that have not been accounted for annually in a financial report to the State due at grant closeout.

  • Commingling and Investment The Trustee is expressly authorized in its discretion: (a) To transfer from time to time any or all of the assets of the Fund to any common, commingled, or collective trust fund created by the Trustee in which the Fund is eligible to participate, subject to all of the provisions thereof, to be commingled with the assets of other trusts participating therein; and (b) To purchase shares in any investment company registered under the Investment Company Act of 1940, 15 U.S.C. 80a-1 et seq., including one which may be created, managed, underwritten, or to which investment advice is rendered or the shares of which are sold by the Trustee. The Trustee may vote such shares in its discretion.

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Loans from Affiliates If any loans are made to the Company by an Affiliate of the Advisor, the maximum amount of interest that may be charged by such Affiliate shall be the lesser of (i) 1% above the prime rate of interest charged from time to time by The Bank of New York and (ii) the rate that would be charged to the Company by unrelated lending institutions on comparable loans for the same purpose. The terms of any such loans shall be no less favorable than the terms available between non-Affiliated Persons for similar commercial loans.

  • Regulated Investment Company The Company has elected to be treated, and has operated, and intends to continue to operate, its business in such a manner so as to enable the Company to continue to qualify as a regulated investment company under Subchapter M of the Code. The Company intends to direct the investment of the proceeds of the offering of the Securities in such a manner as to comply with the requirements of Subchapter M of the Code.

  • Employer Property Employees must return to the Employer all Employer property in their possession at the time of termination of employment. The Employer shall take such action as required to recover the value of articles which are not returned.

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.