Participating investment Funds Sample Clauses

Participating investment Funds. At the direction of the Named Fiduciary, the interest of a Participating Plan in the Master Fund may be allocated and held and invested in one or more Investment Funds established hereunder by the Named Fiduciary as required or permitted by the terms of each Participating Plan. As of the date hereof, the Master Fund shall be held and invested in the Investment Funds listed and described in [Appendix B] attached hereto. The Named Fiduciary, to the extent permitted by a Participating Plan, may establish additional Investment Funds, or freeze, terminate or modify the description of any Investment Fund. The determination of the Named Fiduciary of investments eligible for inclusion in any Investment Fund shall be conclusive and binding on all Persons interested in the Participating Plans. Such Investment Funds shall include, where applicable, a Common Stock Fund which shall consist of Company Stock. The income of each Investment Fund shall be accumulated and invested in such Fund. To the extent that any cash shall be allocated to the Common Stock Fund, the Trustee shall regularly purchase the Company Stock in the open market pursuant to a non-discriminatory purchasing program, provided, however, that the Trustee may, in its discretion, match purchases and sales being made at the discretion of the Administrative Committee, acting under instructions of Participants or as otherwise required under a Participating Plan, at prices determined by the Trustee to be as near as practicable to prices in the open market. The Trustee shall have no authority or obligation to invest or reinvest cash balances of any Directed Fund in the General Trust or otherwise pursuant to this Agreement unless and until it receives appropriate directions from the Asset Manager. Cash balances (including interim investment thereof) in the Common Stock Fund shall be limited to the administrative needs of
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Participating investment Funds. THE INTEREST OF THE PLAN IN THE TRUST FUND SHALL BE ALLOCATED, HELD AND INVESTED IN ONE OR MORE INVESTMENT FUNDS ESTABLISHED HEREUNDER BY THE COMPANY IN ACCORDANCE WITH THE TERMS OF THE PLAN. THE ALLOCATION OF ASSETS AMONG THE INVESTMENT FUNDS SHALL BE DETERMINED BY THE COMPANY OR ITS DESIGNATED REPRESENTATIVE IN ACCORDANCE WITH THE ELECTIONS OF PARTICIPANTS AND BENEFICIARIES WHO DIRECT THEIR ACCOUNTS. AS OF THE DATE HEREOF, THE TRUST FUND SHALL BE HELD AND INVESTED IN THE INVESTMENT FUNDS LISTED AND DESCRIBED IN APPENDIX A ATTACHED HERETO. THE COMPANY, TO THE EXTENT PERMITTED BY THE PLAN, MAY ESTABLISH ADDITIONAL INVESTMENT FUNDS, OR FREEZE, TERMINATE OR MODIFY THE LIST OF AVAILABLE INVESTMENT FUNDS. THE INCOME OF EACH INVESTMENT FUND SHALL BE ACCUMULATED AND REINVESTED IN SUCH FUND. TO THE EXTENT THAT ANY CASH SHALL BE ALLOCATED TO THE COMMON STOCK FUND, THE TRUSTEE SHALL REGULARLY PURCHASE COMPANY STOCK ON THE OPEN MARKET OR, IF THE PLAN SO PROVIDES, FROM THE COMPANY OR IN PRIVATE TRANSACTIONS, IN ACCORDANCE WITH A NON-DISCRETIONARY PURCHASING PROGRAM. THE TRUSTEE SHALL TRANSFER FOR INVESTMENT CASH BALANCES RECEIVED IN ACCORDANCE WITH APPENDIX B HERETO. TRUSTEE SHALL HAVE NO AUTHORITY OR RESPONSIBILITY TO INVEST OR REINVEST CASH BALANCES OF ANY DIRECTED FUND IN THE GENERAL TRUST OR OTHERWISE PURSUANT TO THIS AGREEMENT UNLESS AND UNTIL IT RECEIVES APPROPRIATE DIRECTION FROM THE ASSET MANAGER. CASH BALANCES (INCLUDING INTERIM INVESTMENT THEREOF) IN THE COMMON STOCK FUND AND THE MARRIOTT STOCK FUND SHALL BE LIMITED TO THE ADMINISTRATIVE NEEDS OF SUCH INVESTMENT FUND. FOR THE PURPOSE OF THIS SECTION 5.1 AND SECTION 5.2., "ADMINISTRATIVE NEEDS" SHALL MEAN NEEDS CONSISTENT WITH THE TRUSTEE'S IMPLEMENTATION OF THE REGULAR PURCHASING PROGRAM DESCRIBED HEREIN FOR THE COMMON STOCK FUND AND ANTICIPATED DISTRIBUTIONS FROM EACH SUCH INVESTMENT FUND AND TRANSFERS AMONG THE INVESTMENT FUNDS AT THE ELECTION OF PARTICIPANTS. ANY INVESTMENT LIMITATION AFFECTING COMPANY SECURITIES SHALL NOT BE APPLICABLE TO THE EXTENT ANY INVESTMENT FUND IS INVESTED IN UNITS OF THE GENERAL TRUST.
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Related to Participating investment Funds

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Settlement Funds The Servicer shall be named as a payee on all insurance loss drafts and upon receipt thereof, the funds shall be credited to the Borrower's Insurance Proceeds balance and deposited into (a) where such funds will be applied to the repair and restoration of the related Mortgaged Property and where required by applicable state law, one or more separate escrow accounts, so that the balance on deposit in such accounts is fully insured at all times by the FDIC through either the BIF or SAIF or (b) where such funds will not be applied to the repair and restoration of the related Mortgaged Property, the respective Custodial P&I Account.

  • Investment Options In accordance with Section 4(b), the Named Fiduciary hereby directs the Trustee that participants’ individual accounts may be invested in the following investment options: • ASB Money Market Account • Fidelity Diversified International Fund • Fidelity Freedom 2000 Fund® • Fidelity Freedom 2005 FundSM • Fidelity Freedom 2010 Fund® • Fidelity Freedom 2015 FundSM • Fidelity Freedom 2020 Fund® • Fidelity Freedom 2025 FundSM • Fidelity Freedom 2030 Fund® • Fidelity Freedom 2035 FundSM • Fidelity Freedom 2040 Fund® • Fidelity Freedom Income Fund® • Fidelity Magellan® Fund • Fidelity Overseas Fund (frozen to new investments effective April 1, 2004) • Fidelity Puritan® Fund • Fidelity Retirement Money Market Portfolio • Fidelity U.S. Bond Index Fund • HEI Common Stock Fund • INVESCO Dynamics Fund • Xxxxxx Xxxxxxx Institutional Fund, Inc. International Equity Portfolio - Class B • Xxxxxx Xxxxxxx Institutional Fund Trust Value Portfolio – Adviser Class • Xxxxxxxxx Xxxxxx Partners Fund – Trust Class • Spartan U.S. Equity Index Fund • X. Xxxx Price Small-Cap Stock Fund The investment option referred to in Section 4(c) and Section 4(d)(v)(B)(5) shall be the ASB Money Market Account. HAWAIIAN ELECTRIC INDUSTRIES, INC. BY: HAWAIIAN ELECTRIC INDUSTRIES, INC. PENSION INVESTMENT COMMITTEE By: /s/ Xxxx X. Xxxxxx 1/23/04 Date By: /s/ Xxxxx X. Xxxxx 1/23/04 Date Xxxx X. Xxxxxx Xxxxx X. Xxxxx Chairman

  • Investment Account The Manager shall maintain an investment account or accounts in the Manager’s name (the “Account”) on behalf of the Principal, any other participating insurer affiliated with the Principal and/or the Ultimate Parent Company, an insurance subsidiary or affiliate of the Principal and/or the Ultimate Parent Company or a pension plan or profit-sharing plan of the Principal, its insurance subsidiaries or affiliates, (collectively, the “Participants”), and shall hold therein all debt obligations, accounts or deposits permitted by the New Hampshire Insurance Code as more fully described on Exhibit A, as may be amended from time to time, and attached hereto and incorporated herein (collectively, “Investments”), deposited in or purchased or otherwise acquired for and on behalf of the Principal and the Participants from time to time pursuant to the terms and conditions of this Agreement. All Investments in the Account shall be Short-Term Obligations.

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Shareholder Accounts In connection with the establishment of Shareholder accounts, JHSS shall:

  • Trust Account Investments The Company shall cause the proceeds of the Offering and the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus. The Company will otherwise conduct its business in a manner so that it will not become subject to the Investment Company Act. Furthermore, once the Company consummates an initial Business Combination, it will not be required to register as an investment company under the Investment Company Act.

  • Investment of Payment Fund The Paying Agent shall invest the cash included in the Payment Fund as directed by Parent. Any interest and other income resulting from such investments shall be paid as directed by Parent. To the extent that there are losses with respect to such investments, Parent shall promptly replace or restore the portion of the Payment Fund lost through investments so as to ensure that the Payment Fund is maintained at a level sufficient to make such payments.

  • Alternative Asset Allocation Fund The Adviser voluntarily agrees to waive its advisory fee for the Fund so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.60% of the Fund’s average annual net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Fund.

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