Commingling, Exchange and Investment of the Contributions. 2.1. The Contribution funds will be accounted for as a single trust fund and will be kept separate and apart from the funds of ▇▇▇. The Contribution funds may be commingled with other trust fund assets maintained by ▇▇▇. 2.2. The Contribution funds may be freely exchanged by ▇▇▇ into other currencies as may facilitate their disbursement. 2.3. ▇▇▇ will invest and reinvest the Contribution funds pending their disbursement in accordance with ▇▇▇’s policies and procedures for the investment of trust funds administered by ▇▇▇. ▇▇▇ will credit all income from such investment to the trust fund established under this Arrangement to be used for the same purposes as the Contribution funds.
Appears in 1 contract
Sources: Trust Fund Administration Agreement
Commingling, Exchange and Investment of the Contributions. 2.1. The Contribution funds will be accounted for as a single trust fund and will be kept separate and apart from the funds of ▇▇▇. The Contribution funds may be commingled with other trust fund assets maintained by ▇▇▇.
2.2. The Contribution funds may be freely exchanged by ▇▇▇ into other currencies as may facilitate their disbursement.
2.3. ▇▇▇ will invest and reinvest the Contribution funds pending their disbursement in accordance with ▇▇▇IDA’s policies and procedures for the investment of trust funds administered by ▇▇▇. ▇▇▇ will credit all income from such investment to the trust fund established under this Arrangement Agreement to be used for the same purposes as the Contribution funds.
Appears in 1 contract
Sources: Program Contribution Agreement