General Types of Investment Sample Clauses

General Types of Investment. The Trustees may retain such amounts in checking accounts, without earning interest, as they deem necessary for payment of current benefits, expenses, or other obligations of the Fund. The Trustees shall invest and reinvest the remaining assets of the Trust in such securities or other investments as a reasonably prudent person would invest in, under applicable law for the investment of employee welfare trust funds, including but not limited to bank deposits of all kinds, savings and loan association share accounts or certificates, bonds and notes (whether secured or unsecured) of private and public obligors, mortgages, deeds of trust, real property, mutual fund shares, pooled investment trusts, common and preferred stocks, and other securities, and deposits or other contractual arrangements with insurance companies. The Trustees shall have the authority, with respect to any stocks, bonds or other property, real or personal, held by them as Trustees, to exercise all rights, powers and privileges, or to delegate them, as might be lawfully exercised by any person owning similar stocks, bonds and other property in his or its own right.
Sample 1
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Related to General Types of Investment

  • Treatment of Investments 1. Each Contracting Party shall grant to investors of the other Contracting Party treatment no less favorable than that it grants, in like circumstances, to its own investors or to investors of a third party with respect to management, maintenance, use, sale, or other disposition of investments in its territory, whichever is more favourable.

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