Common use of Pooled Investment Clause in Contracts

Pooled Investment. Notwithstanding s. 6.1, assets credited to the Trust and to each Separate Account may be pooled for investment purposes, provided that, except as provided in s. 6.1 with respect to the payment of administrative and investment costs, under no circumstances may the assets credited to a Separate Account be available to meet the liabilities of or to subsidize the liabilities of, or defray the expenses attributable to another Separate Account. For greater clarity, costs associated with the investment of assets that have been pooled pursuant to this s. 6.2 may be payable from the pooled funds, but shall be allocated on a reasonable basis by the Trustees to the Separate Accounts from which such pooled funds derive.

Pooled Investment. Notwithstanding s. section 6.1, assets credited to the Trust and to each Separate Account may be pooled for investment purposes, provided that, except as provided in s. section 6.1 with respect to the payment of administrative administrative, litigation and investment costs, under no circumstances may the assets credited to a Separate Account be available to meet the liabilities of or to subsidize the liabilities of, or defray the expenses attributable to another Separate Account. For greater clarity, costs associated with the investment of assets that have been pooled pursuant to this s. section 6.2 may be payable from the pooled funds, but shall be allocated on a reasonable basis by the Trustees to the Separate Accounts from which such pooled funds derive.

Pooled Investment. Notwithstanding s. 6.1, assets credited to the Trust and to each Separate Account may be pooled for investment purposes, provided that, except as provided in s. 6.1 with respect to the payment of administrative and investment costs, under no circumstances may the assets credited to a Separate Account be available to meet the liabilities of or to subsidize the liabilities of, or defray the expenses attributable to another Separate Account. For greater clarity, costs associated with the investment of assets that have been pooled pursuant to this s. 6.2 may be payable from the pooled funds, but shall be allocated on a reasonable basis by the Trustees to the Separate Accounts from which such pooled funds derive.derive.‌

Pooled Investment. Notwithstanding s. 6.1, assets credited to the Trust and to each Separate Account may be pooled for investment purposes, provided that, except as provided in s. 6.1 with respect to the payment of administrative and and‌ investment costs, under no circumstances may the assets credited to a Separate Account be available to meet the liabilities of or to subsidize the liabilities of, or defray the expenses attributable to another Separate Account. For greater clarity, costs associated with the investment of assets that have been pooled pursuant to this s. 6.2 may be payable from the pooled funds, but shall be allocated on a reasonable basis by the Trustees to the Separate Accounts from which such pooled funds derive.