Common use of Commingling Clause in Contracts

Commingling. The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Advisor from establishing a master fiduciary account pursuant to which separate subtrust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims of such other Programs and/or creditors. The foregoing prohibition shall not apply to investments described in Section 15.2.

Commingling. The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Advisor Sponsor from establishing a master fiduciary account pursuant to which separate subtrust sub-trust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims and creditors of such other Programs and/or creditorsPrograms. The foregoing prohibition shall not apply be interpreted to investments described in Section 15.2prohibit joint ventures or co-investment structures.

Commingling. The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Advisor Sponsor from establishing a master fiduciary account pursuant to which separate subtrust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims and creditors of such other Programs and/or creditorsPrograms. The foregoing prohibition shall not apply be interpreted to investments described in Section 15.2prohibit joint ventures or co-investment structures.