Commingled Fund. Unless directed otherwise by the Committee, the Investment Committee or an Investment Manager, the Trustee shall consolidate assets of all Plan Accounts in a single Trust Fund which shall be commingled for investment purposes; all transactions shall be recorded on a combined basis. Any assets received by the Trustee shall be promptly invested in accordance with written instructions provided by the Committee, the Investment Committee or the Investment Manager, as applicable, or by Plan Participants or their beneficiaries. In accordance with the terms of the Plan, the Committee will communicate in writing to the Trustee the instructions received from Plan Participants or their beneficiaries as to their elected investments, or the Trustee may agree to receive Participant instructions from the Plan’s record keeper.
Commingled Fund. The Trustee is directed to consolidate into a single fund (hereinafter called "the Commingled Fund") and to commingle all assets received and held by it in each Separate Trust with all assets received and held by it in each other Separate Trust governed by this Agreement, excepting any such assets hereinafter required to be segregated. The Trustee is directed to maintain at all times such records as will enable it to effect, as of any time, an equitable allocation and segregation of assets in the Commingled Fund into a separate fund held for the benefit of some or all of the Covered Individuals under one or more of the Plans. The Chief Financial Officer (as defined in Section 3) or the Company shall upon request of the Trustee provide the Trustee with such information as will enable the Trustee to maintain such records. If in the future the Trustee receives written notice from the Chief Financial Officer or the Company to effect any such allocation and segregation, the Trustee shall do so as soon thereafter as practicable. Thereafter the Trustee shall administer each such separate fund in the manner provided in Section 9, or if so directed by the Company shall deliver the assets of such separate fund to such successor trustee or trustees as shall be designated by the Company. The Trustee is hereby directed to effect such allocation and segregation in the event that any Separate Trust shall cease to remain qualified and exempt under Sections 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended (the "Code"). Each Separate Trust shall share proportionately in the aggregate investment experience of the Commingled Fund. With respect to assets hereunder segregated as provided in Section 2, the investment experience shall be shared proportionately by those participating therein.
Commingled Fund. The Trust Fund is made up of the assets of the Plans, which are being commingled for investment purposes. Although the assets of the Plans are being commingled for investment purposes, each Plan shall continue to be separate plan for all purposes, including (S) 414(1) of the Code. Each separate Plan shall be deemed to have an undivided interest in the Trust Fund except any such assets required to be segregated by the provisions herein or by the provisions of the Plan. The interest of a Plan in the Trust Fund shall be used solely for the benefit of the Covered Individuals of that Plan and to pay the expenses of that Plan. The portion of the Trust Fund attributable to one Plan may not be used for the benefit of any other Plan.
Commingled Fund. Landlord shall have no obligation to keep the Security Deposit as a separate fund. Landlord may mix and commingle the Security Deposit with such other funds and monies as Landlord deems appropriate.
Commingled Fund. Except as may be otherwise required by the Plan, the Fund shall be deemed commingled for investment purposes.
