Common use of Segregation of Assets Contributed in Kind Clause in Contracts

Segregation of Assets Contributed in Kind. The Trustees, in their absolute discretion, shall have the authority to allocate assets received by them in kind solely to the Trust Accounts for which the assets have been contributed. In such cases, only the Trust Account in question shall be credited or charged with its share of income, profits, gains and losses derived from such segregated assets. The Trustees, in their sole discretion, shall have the right to charge the Trust Account for administrative services and expenses attributable to such segregated assets in addition to general administrative services and expenses.

Segregation of Assets Contributed in Kind. The Trustees, in their absolute discretion, shall have the authority to allocate assets received by them in in-kind solely to the Trust Accounts account for which the assets have been contributed. In such cases, only the Trust Account account in question shall be credited or charged with its share of income, profits, gains gains, and losses derived from such segregated assets. The Trustees, in their sole discretion, shall have the right to charge the Trust Account account for administrative services and expenses attributable to such segregated assets in addition to general administrative services and expenses.