Commingled Pools Sample Clauses

The Commingled Pools clause defines how assets or funds from multiple sources are combined and managed together within a single pool. In practice, this means that individual contributions from different parties are not kept separate, but are instead mixed, with each party maintaining a proportional interest in the overall pool. This clause is commonly used in investment funds or custodial arrangements where tracking individual assets separately would be impractical. Its core function is to streamline administration and simplify accounting, while also clarifying each party’s rights and interests in the pooled assets.
Commingled Pools. Master Trust investments in Commingled Pools shall be subject to the following: (i) The Company hereby agrees to the Plans' participation in the Group Trust and adopts the terms of the Group Trust as a part of this Agreement. Additionally, the Company acknowledges that it has received from the Master Trustee a copy of the terms of the Group Trust (ii) The Master Trustee shall at the direction of the Investment Manager transfer all or any specified assets of a Separately Managed Portfolio to any Commingled Pool which is maintained by such Investment Manager, an affiliate thereof or any other entity which is a bank, and whereupon the instrument establishing such Commingled Pool, as amended from time to time shall constitute a part of the Master Trust, provided, however, that following the transfer of funds to the bank, the Master Trustee shall have no responsibility with respect to the holding, investment or administration of such funds. (iii) At the direction of the Company, the Master Trustee shall transfer all or any portion of the Master Trust assets to any Commingled Pool which is maintained by a bank as defined by the Investment Advisers Act of 1940, as amended, and whereupon the instrument establishing such Commingled Pool shall constitute a part of the Master Trust, provided, however, that following the transfer of funds to the bank, the Master Trustee shall have no responsibility with respect to the holding, investment or administration of such funds. (iv) Purchases, sales, and exchanges of Commingled Pools other than the Group Master Trust shall be made in accordance with Operational Procedures to be established.
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Commingled Pools. Master Trust investments in Commingled Pools shall be subject to the following: (i) The Company hereby agrees to the Plans' participation in the Group Trust and adopts the terms of the Group Trust as a part of this Agreement. Additionally, the Company acknowledges that it has received from the Master Trustee a copy of the terms of the Group Trust -10-
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Related to Commingled Pools

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • 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.

  • Portfolios The Target Portfolio and Acquiring Portfolio covenant and agree to dispose of certain assets prior to the Closing Date, but only if and to the extent necessary, so that at Closing, when the Assets are added to the Acquiring Portfolio’s portfolio, the resulting portfolio will meet the Acquiring Portfolio’s investment objective, policies and restrictions, as set forth in the Acquiring Portfolio’s Prospectus, a copy of which has been delivered to the Target Portfolio. Notwithstanding the foregoing, nothing herein will require the Target Portfolio to dispose of any portion of the Assets if, in the reasonable judgment of the Target Portfolio’s Directors or investment adviser, such disposition would create more than an insignificant risk that the Reorganization would not be treated as a “reorganization” described in Section 368(a) of the Code.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.