Common use of Substitution of Assets Clause in Contracts

Substitution of Assets. The Employer shall have the right at any time, and from time to time, in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable by the Employer in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity.

Substitution of Assets. The Employer shall have the right at any time, and from time to time, time in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable exercised by the Employer in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity.

Substitution of Assets. The Controlling Employer shall have the right at ---------------------- any time, and from time to time, time in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable by the Controlling Employer in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity.

Substitution of Assets. The Employer shall have the right at any time, and from time to time, in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable by the Employer in a nonfiduciary non fiduciary capacity without Without the approval or consent of any person in a fiduciary capacity.

Substitution of Assets. The Prior to a Change in Control, the Employer shall have the right at any time, and from time to time, in its sole discretion, to substitute assets of equal fair market value for any asset held by the Trust. This right is exercisable by the Employer in a nonfiduciary capacity without the approval or consent of any person in a fiduciary capacity.