Collective Investment Funds Sample Clauses

Collective Investment Funds. To the extent that the Named Fiduciary selects as an investment option the Managed Income Portfolio of the Fidelity Group Trust for Employee Benefit Plans (the "Group Trust"), the Sponsor hereby (A) agrees to the terms of the Group Trust and adopts said terms as a part of this Agreement and (B) acknowledges that it has received from the Trustee a copy of the Group Trust, the Declaration of Separate Fund for the Managed Income Portfolio of the Group Trust, and the Circular for the Managed Income Portfolio.
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Collective Investment Funds. The Trust Fund may be invested and reinvested, in whole or in part, in any common or collective investment fund (the “Collective Fund” or “Fund”) maintained by the Trustee or an investment manager exclusively for the commingling and collective investment of assets of qualified retirement plans and tax-exempt trusts in which the Trust Fund is eligible to participate. The documents establishing or amending these trusts are hereby incorporated by reference into this Agreement. Notwithstanding any other provision of this Agreement, to the extent Trust Fund assets are invested in a Collective Fund, the terms of the Fund’s governing instrument will govern the investment responsibilities and powers of the entity responsible for management of the Collective Fund (the “Fund Manager”). The market value of the Trust Fund’s interest in any Collective Fund will be the fair market value of the interest as determined by the Fund Manager in accordance with the Fund’s governing instrument. For purposes of valuation of Trust Fund assets, the Trustee will be entitled to rely conclusively on the value reported by the Fund Manager.
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Collective Investment Funds. (a) In general. Where consistent with applicable law, a national bank may invest assets that it holds as fiduciary in the following collective investment funds:
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Collective Investment Funds. Trust It is understood and agreed that the Trustee is the Trustee of the Collective Investment Funds Trust and any Funds which form a part thereof, and that the Trustee shall administer such Funds in accordance with the provisions of the Amended and Restated Plan and Declaration of Trust. The Trustee anticipates retaining the services of one or more of the Trustee’s affiliates as an investment adviser(s) or an investment manager(s), to assist it in the investment of assets of the Funds, such investment adviser(s) or investment manager(s) to be compensated by either the Trustee or the Funds for such services. The Trustee is also authorized to retain the services of an investment adviser(s) or an investment manager(s) that is not affiliated with the Trustee, to assist it in the investment of assets of the Funds, such investment adviser(s) or investment manager(s) to be compensated by either the Trustee or the Funds for such services. Absent extraordinary circumstances, the Trustee will provide advance written notice to the Participating Trust in the event the Trustee engages an unaffiliated investment adviser or investment manager with respect to a Fund in which the Participating Trust is invested. Although the Trustee is authorized to engage investment adviser(s) or an investment manager(s) with respect to the Funds, the Trustee shall remain responsible to the Participating Trust for performance of its obligations under this Investment Agreement. The Statement of Characteristics with respect to any Fund into which the Trustee is directing the investment of the Participating Trust’s assets shall be attached hereto as Exhibit(s) B. The Trustee shall invest and reinvest the Participating Trust’s assets only pursuant to the relevant Statement(s) of Characteristics. The Statement of Characteristics for a Fund may be amended from time to time as the Trustee in its sole discretion shall deem necessary or appropriate. The Trustee will provide prompt notice of any amendments to the Statement of Characteristics of a Fund in which the Participating Trust is invested. Under normal circumstances, the Trustee will provide at least thirty (30) days advance written notice of any material changes to the Statement of Characteristics for such Funds. However, in unusual market conditions or in response to changes in applicable law or other unanticipated events, the Trustee may make material changes to the Statement of Characteristics without advance notice, in a manner consist...
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Collective Investment Funds. Notwithstanding the provisions governing any Participating Plan, this Declaration of Trust or the Description of any Fund to the contrary, the Trustee may, in its discretion, if authorized by the Investment Manager, transfer any cash balances held in any Fund to the Directed Account Short-Term Investment Fund or any other short-term investment fund established under and forming part of the BT Pyramid Trust (the "Collective Trust") created by Banker Trust Company under a Declaration of Trust effective June 30, 1991, as amended from time to time (the "General Declaration of Trust"). The Trustee is hereby expressly authorized to permit the commingling of any or all of the assets of any Fund, through the medium of the Collective Trust, with the assets of other trusts eligible to participate in the Collective Trust under the terms of the General Declaration of Trust. To the extent of the interest of any Fund in the Collective Trust, the Collective Trust shall constitute part of the Trust and the General Declaration of Trust shall be incorporated herein by this reference. The Trustee may withdraw all or any part of any interest of any Fund in the Collective Trust in accordance with the terms of the General Declaration of Trust. The Trustee shall not be liable for interest on any cash balances in any Fund which it holds uninvested to the extent authorized by the Investment Manager, or to the extent that the Investment Manager has not delivered instructions for the investment thereof. In the absence of direction or authorization from the Investment Manager, the Trustee shall have no power, duty or authority to invest the assets of any Fund.
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Collective Investment Funds. Company is entitled to reference and use the historic performance track record of each of the collective investment funds for which Company serves as Portfolio Strategist, notwithstanding any confidentiality or non-disclosure restrictions contained in ay agreement entered into between Company and MG Trust, any Seller or any Affiliate or any Seller.
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Collective Investment Funds. Sellers shall, and shall cause Company to, cause MG Trust to provide Company with (i) copies of the account statements for each of the collective investment funds as necessary to demonstrate the historic performance track record of each of the collective investment funds (e.g., fund custodial statements detailing credits, debits and other transactions for the applicable periods) and (ii) worksheets demonstrating how composite performance for each of the collective investment funds has been calculated. In addition, and without limiting the foregoing, Sellers shall, and shall cause Company to, use commercially reasonable efforts to cause MG Trust to perform all necessary steps leading up to and at Closing to enable the transfer of MG Trust’s trustee responsibilities for the collective investment funds to the new trustee designated by Purchaser as promptly following closing as possible. Notwithstanding the preceding sentence, in the event such transfer cannot be effected for any reason beyond Sellers’ reasonable control, such failure to effect the transfer shall not be deemed a breach of any kind under this Agreement.
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Related to Collective Investment Funds

  • 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.

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • 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.

  • PIPE Investment (a) Acquiror has delivered to the Company true, correct and complete copies of each of the Subscription Agreements entered into by Acquiror with the applicable PIPE Investors named therein, pursuant to which the PIPE Investors have committed to provide equity financing to Acquiror solely for purposes of consummating the Transactions in the aggregate amount of not less than $225,000,000 (the “PIPE Investment Amount”). To the knowledge of Acquiror, with respect to each PIPE Investor, the Subscription Agreement with such PIPE Investor is in full force and effect and has not been withdrawn or terminated, or otherwise amended or modified, in any respect, and no withdrawal, termination, amendment or modification is contemplated by Acquiror. Each Subscription Agreement is a legal, valid and binding obligation of Acquiror and, to the knowledge of Acquiror, each PIPE Investor, and neither the execution or delivery by any party thereto nor the performance of any party’s obligations under any such Subscription Agreement violates or will violate any Laws. There are no other agreements, side letters, or arrangements between Acquiror and any PIPE Investor that could affect the obligation of such PIPE Investors to contribute to Acquiror the applicable portion of the PIPE Investment Amount set forth in the Subscription Agreement of such PIPE Investors, and, as of the date hereof, Acquiror does not know of any facts or circumstances that may reasonably be expected to result in any of the conditions set forth in any Subscription Agreement not being satisfied, or the PIPE Investment Amount not being available to Acquiror, on the Closing Date. No event has occurred that, with or without notice, lapse of time or both, would constitute a default or breach on the part of Acquiror under any material term or condition of any Subscription Agreement and, as of the date hereof, Acquiror has no reason to believe that it will be unable to satisfy in all respects on a timely basis any condition to closing or material term to be satisfied by it contained in any Subscription Agreement. The Subscription Agreements contain all of the conditions precedent (other than the conditions contained in this Agreement) to the obligations of the PIPE Investors to contribute to Acquiror the applicable portion of the PIPE Investment Amount set forth in the Subscription Agreements on the terms therein.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Settlement Funds The Servicer shall be named as a payee on all insurance loss drafts and upon receipt thereof, the funds shall be credited to the Borrower's Insurance Proceeds balance and deposited into (a) where such funds will be applied to the repair and restoration of the related Mortgaged Property and where required by applicable state law, one or more separate escrow accounts, so that the balance on deposit in such accounts is fully insured at all times by the FDIC through either the BIF or SAIF or (b) where such funds will not be applied to the repair and restoration of the related Mortgaged Property, the respective Custodial P&I Account.

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Investment of Exchange Fund The Exchange Agent shall invest any cash included in the Exchange Fund, as directed by Parent, on a daily basis. Any interest and other income resulting from such investments shall be paid to Parent.

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