Common use of Separate Trusts Clause in Contracts

Separate Trusts. The Company has established a separate trust for each Plant. Each time the Company makes a contribution to the Trust Fund, it shall designate the amount of such contribution allocable to each such separate Trust. The Trustee shall maintain separate records for each Trust and shall credit thereto its pro rata share of all income of the Trust Fund and charge thereto its pro rata share of all expenses (other than expenses attributable to a particular Plant which shall be expenses charged to the Trust named for such Plant) and any losses. The Trustee shall not be precluded from pooling the assets of the Trusts with one another for investment purposes, and may treat each Trust as having received or accrued a ratable portion of the Trust Fund income in any year. The pooling arrangement undertaken as permitted in this Section 2.1 can be terminated at any time by any Trust. No Trust in the pooling arrangement may substitute for itself in such arrangement any person that is not a member of that pooling arrangement

Separate Trusts. The Company has established a separate trust for each Plant. Each time the Company makes a contribution to the Trust Fund, it shall designate the amount of such contribution allocable to each such separate Trust. The Trustee shall maintain separate records for each Trust and shall credit thereto its pro rata share of all income of the Trust Fund and charge thereto its pro rata share of all expenses (other than expenses attributable to a particular Plant which shall be expenses charged to the Trust named for such Plant) and any losses. The Trustee shall not be precluded from pooling the assets of the Trusts with one another for investment purposes, and may treat each Trust as having received or accrued a ratable portion of the Trust Fund income in any year. The pooling arrangement undertaken as permitted in this Section 2.1 can be terminated at any time by any Trust. No Trust in the pooling arrangement may substitute for itself in such arrangement any person that is not a member of that pooling arrangement.