Common use of Power to Invest Clause in Contracts

Power to Invest. The Trustees shall have unlimited discretion in the investment and management of the Fund or a Separate Account with respect to particular investments and schemes of investment, notwithstanding that any investment or investments may not be authorized by law for trustees and whether any investment is within or without Canada, including without restricting the generality of the foregoing, investments in mutual funds, common trust funds and pooled funds, and shall have the power to engage in transactions ancillary to any such investments, including, without restricting the generality of the foregoing, hedging, derivatives and securities lending transactions, subject to the terms of this Agreement and provided that the Trustees may not make any investment that could reasonably be expected to cause the Trust to cease to qualify as an “employee life and health trust” under s. 144.1 of the Income Tax Act (Canada);

Power to Invest. The Trustees shall have unlimited discretion in the investment and management of the Fund or a Separate Account with respect to particular investments and schemes of investment, notwithstanding that any investment or investments may not be authorized by law for trustees and whether any investment is within or without outside Canada, including without restricting the generality of the foregoing, investments in mutual funds, common trust funds and pooled funds, and shall have the power to engage in transactions ancillary to any such investments, including, without restricting the generality of the foregoing, hedging, derivatives and securities lending transactions, subject to the terms of this Agreement and provided that the Trustees may not make any investment that could reasonably be expected to cause the Trust to cease to qualify as an “employee life and health trust” trust under s. section 144.1 of the Income Tax Act (Canada);

Power to Invest. The the Trustees shall have unlimited discretion in the investment and management of the Fund or a Separate Account with respect to particular investments and schemes of investment, notwithstanding that any investment or investments may not be authorized by law for trustees and whether any investment is within or without Canada, including without restricting the generality of the foregoing, investments in mutual funds, common trust funds and pooled funds, and shall have the power to engage in transactions ancillary to any such investments, including, without restricting the generality of the foregoing, hedging, derivatives and securities lending transactions, subject to the terms of this Agreement and provided that the Trustees may not make any investment that could reasonably be expected to cause the Trust to cease to qualify as an “employee life and health trust” under s. 144.1 of the Income Tax Act (Canada);