Investment of the Assets. The Plan Fiduciary may from time to time deliver assets of the Participating Plan for investment in Funds designated by the Plan Fiduciary. The Plan Fiduciary acknowledges and agrees that the Trustee has no responsibility for the Plan Fiduciary’s decision to invest Participating Plan assets in or withdraw Participating Plan assets from the Funds. Assets of the Participating Plan invested under this Participation Agreement may be commingled with assets of other eligible retirement trusts in the Funds.
Investment of the Assets. Assets of the Participating Plan shall be delivered to the Trustee by the Participating Plan from time to time for investment in the Trust. The Trustee shall have the powers and authorities ascribed to it in the instrument governing the Trust, including the authority to appoint investment advisers to manage all or a portion of the assets of the Trust. The Participating Plan shall designate such Funds established under the Trust for the investment of the Participating Plan assets. Assets of the Participating Plan invested under this Participation Agreement may be commingled with assets of other tax qualified employee benefit trusts in Funds.
Investment of the Assets. The Trustee shall invest the Assets placed in Trust in compliance with the express written instructions that are received from the Technical Committee. When the Trustee does not receive instructions from the Technical Committee to handle the Investment at least 24 hours in advance the Trustee shall invest the Assets placed in Trust according to the following: (i) the maximum investment terms shall be 7 days; (ii) the investment shall be made in the currency in which the liquid funds are denominated, (iii) in all cases in which the Trustee carries out investment operations, the Treasury of the Banco Nacional de Mexico, S.A., Member of the Banamex Financial Group, shall act as the counterparty, and (iv) the Trustee shall make the investments in the securities and with the rates that are available on the market at the time of the investment according to the applicable terms and amounts and in accordance with the provisions of Clause Five, subsection (a), paragraph 7 of this Agreement, whether in national currency or in Dollars, in the following order, with the understanding that what is stipulated in this paragraph shall be deemed by the parties as a permanent instruction so long as the Trustee does not receive written instructions from the Technical Committee to invest the assets placed in trust: Mexican Pesos
