Common use of Management of Trust Accounts Clause in Contracts

Management of Trust Accounts. The Trustee is authorized to pool, commingle and jointly manage for investment purposes only the assets of all Trust Accounts. Each Trust Account shall be credited with its proportionate share of the net income from the Trust. The term “net income” shall mean the profits and income generated from investment of pooled funds, minus losses and expenses generally attributable to administration of the Trust. Each Trust Account shall be charged separately with disbursements and distributions made on behalf of the Designated Beneficiary or allocated to that Trust Account.

Management of Trust Accounts. The Trustee is authorized to pool, commingle and jointly manage for investment purposes only the assets of all Trust AccountsAccounts for investment purposes. Each Trust Account shall be credited with its proportionate share of the net income from the Trust. The term “"net income” " shall mean the profits and income generated from investment of pooled funds, minus losses and expenses generally attributable to administration of the Trust. Each Trust Account shall be charged separately with disbursements and distributions made on behalf of the Designated Beneficiary or allocated to that Trust Account.

Management of Trust Accounts. The Trustee is authorized to pool, commingle and jointly manage for investment purposes only the assets of all Trust Accounts. Each Trust Account shall be credited with its proportionate share of the net income from the Trust. The term “net income” shall mean the profits and income generated from investment of pooled funds, minus losses and expenses generally attributable to administration of the Trust. Each Trust Account shall be charged separately with disbursements and distributions made on behalf of the Designated Beneficiary or allocated to that Trust Account.