Commingled Pools Sample Clauses
The Commingled Pools clause defines how assets or funds from multiple sources are combined and managed together within a single pool. In practice, this means that individual contributions from different parties are not kept separate, but are instead mixed, with each party maintaining a proportional interest in the overall pool. This clause is commonly used in investment funds or custodial arrangements where tracking individual assets separately would be impractical. Its core function is to streamline administration and simplify accounting, while also clarifying each party’s rights and interests in the pooled assets.
Commingled Pools. Master Trust investments in Commingled Pools shall be subject to the following:
(i) The Company hereby agrees to the Plans' participation in the Group Trust and adopts the terms of the Group Trust as a part of this Agreement. Additionally, the Company acknowledges that it has received from the Master Trustee a copy of the terms of the Group Trust
(ii) The Master Trustee shall at the direction of the Investment Manager transfer all or any specified assets of a Separately Managed Portfolio to any Commingled Pool which is maintained by such Investment Manager, an affiliate thereof or any other entity which is a bank, and whereupon the instrument establishing such Commingled Pool, as amended from time to time shall constitute a part of the Master Trust, provided, however, that following the transfer of funds to the bank, the Master Trustee shall have no responsibility with respect to the holding, investment or administration of such funds.
(iii) At the direction of the Company, the Master Trustee shall transfer all or any portion of the Master Trust assets to any Commingled Pool which is maintained by a bank as defined by the Investment Advisers Act of 1940, as amended, and whereupon the instrument establishing such Commingled Pool shall constitute a part of the Master Trust, provided, however, that following the transfer of funds to the bank, the Master Trustee shall have no responsibility with respect to the holding, investment or administration of such funds.
(iv) Purchases, sales, and exchanges of Commingled Pools other than the Group Master Trust shall be made in accordance with Operational Procedures to be established.
Commingled Pools. Master Trust investments in Commingled Pools shall be subject to the following: (i) The Company hereby agrees to the Plans' participation in the Group Trust and adopts the terms of the Group Trust as a part of this Agreement. Additionally, the Company acknowledges that it has received from the Master Trustee a copy of the terms of the Group Trust -10-