No Pooling Sample Clauses
The No Pooling clause prohibits the combining or aggregation of assets, funds, or interests from multiple parties or sources. In practice, this means that each party’s assets or entitlements must be kept separate and cannot be merged with those of others for purposes such as investment, management, or distribution. This clause is commonly used to prevent confusion, protect individual ownership rights, and ensure that liabilities or obligations are not inadvertently shared among parties, thereby maintaining clear boundaries and accountability.
POPULAR SAMPLE Copied 1 times
No Pooling. The agreement and all Services provided under it do not constitute a pooled investment or service or other common enterprise or, if they are construed as such, do not need to be registered as a scheme. Client’s investments made under the agreement are for Client alone and, conversely, Client has no interest in any investments made by Global Prime for any other person under similar terms nor in any property held beneficially for any other person, even if their money or Securities is aggregated in the same bank account or custody account.
No Pooling. The Client’s beneficial interest in a security does not represent an undivided interest in all the securities held by the Custodian, but rather represents a direct and beneficial interest in the securities which comprise the Account;
No Pooling. The Governmental Lender and the Borrovvcr will not usc any Note proceeds directly or indirectly to make or finance loans to two or more ultimate borrowers.
No Pooling. Lessee is expressly denied the right to utilize any rights granted herein to pool or unitize any part of the leased premises without the prior written consent of Lessor.
No Pooling. The Lessee will not use any Proceeds of the Lease directly or indirectly to make or finance loans to two or more ultimate borrowers.