Full Discretion. MRG shall have the full and unfettered power to carry out the purposes of the Fund including, but not limited to, the power to retain, invest, and reinvest the assets of the Fund and the power to commingle the assets of the Fund for investment purposes with those of other funds or MRG’s general assets in such manner as MRG shall determine in its sole discretion. MRG may hold reasonable sums in cash for any period of time and may invest in properties of every kind and description, real or personal, tangible or intangible, without limitation; provided that in making investments, MRG shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, and shall consider, if relevant, the following factors: (i) The duration and preservation of the Fund; (ii) The purposes of MRG and the Fund; (iii) General economic conditions; (iv) The possible effect of inflation or deflation; (v) The expected total return from income and the appreciation of investments; (vi) Other resources of MRG; and (vii) The investment policy of MRG.
Appears in 2 contracts
Sources: Donor in Movement Fund Agreement, Donor in Movement Fund Agreement