Common use of Permissible Investments Clause in Contracts

Permissible Investments. The Permissible Investments shall include (check any options you wish to elect): ( ) A. Such stocks, bonds, or other marketable securities, including certificates of participation or shares of any regulated mutual investment company, trust or fund, put and call options, certain hedged covered option positions, limited partnership interests, private letter stock, as the Trustee from time to time selects; provided that the Trustee shall not invest in securities of an Employer; and that the Trustee may hold funds of the Trust uninvested if and to the extent it deems advisable from time to time, and provided further that the Trustee is authorized to commingle part or all of the assets of the Trust in one or more trusts, including trusts of which the Trustee is trustee, whether now existing or hereafter created, for the collective investment of funds held under employees' pension or profit sharing plans or trusts which are qualified within the meaning of and exempt from tax under the revenue laws of the United States, and permitted by existing or future rulings of the United States Treasury Department to pool their respective funds in a group trust, in which event the instrument pursuant to which such trust is established shall be deemed to be a part of the Plan. ( ) B. Such guaranteed income contracts and similar products, if any, whether issued by an insurance company or other financial institution, as the Trustee from time to time selects. ( ) C. Such short-term obligations from time to time selected by the Trustee, including but not limited to savings accounts, certificates of deposit, variable demand notes, short-term commercial paper, U.S. Treasury bills and notes, other obligations with short maturities on which interest income may vary from day to day, and shares of mutual funds investing principally in the foregoing. ( ) D. Such shares of one or more mutual funds or interests in other pooled investment funds as the Trustee from time to time selects.