Common use of Application of Investment Guidelines and Operating Policies Clause in Contracts

Application of Investment Guidelines and Operating Policies. With respect to Sections 10.1 and 10.2, where any maximum or minimum percentage limitation is specified in any of the guidelines and policies therein contained, such guidelines and policies shall be applied on the basis of the relevant amounts calculated immediately after the making of such investment or the taking of such action. Any subsequent change relative to any percentage limitation which results from a subsequent change in the Gross Book Value or adjusted Limited Partners’ equity will not require divestiture of any investment (other than with respect to paragraphs (a) and (b) of the investment guidelines in Section 10.1, which must be complied with at all times).

Appears in 1 contract

Samples: Limited Partnership Agreement

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Application of Investment Guidelines and Operating Policies. With respect to Sections 10.1 9.1 and 10.29.2, where any maximum or minimum percentage limitation is specified in any of the guidelines and policies therein contained, such guidelines and policies shall be applied on the basis of the relevant amounts calculated immediately after the making of such investment or the taking of such action. Any subsequent change relative to any percentage limitation which results from a subsequent change in the Gross Book Value or adjusted Limited Partners’ equity will not require divestiture of any investment (other than with respect to paragraphs (a) and (b) of the investment guidelines in Section 10.19.1, which must be complied with at all times).

Appears in 1 contract

Samples: Limited Partnership Agreement

Application of Investment Guidelines and Operating Policies. With respect to the investment guidelines and operating policies contained in Sections 10.1 6.1 and 10.26.2, where any maximum or minimum percentage limitation is specified in any of the guidelines and policies therein contained, such guidelines and policies shall be applied on the basis of the relevant amounts calculated immediately after the making of such investment or investment, the taking whole always subject to the provisions of such actionSection 2.9 and subsection 6. 1.1. Any subsequent change relative to any percentage limitation which results from a subsequent change in the Gross Book Value or adjusted Limited Partnersthe amount of Adjusted Unitholdersequity Equity will not require divestiture of any investment (other than with respect to paragraphs (a) and (b) of the investment guidelines in Section 10.1, which must be complied with at all times)investment.

Appears in 1 contract

Samples: Contract of Trust

Application of Investment Guidelines and Operating Policies. With respect to Sections 10.1 and 10.2, where any maximum or minimum percentage limitation is specified in any of the guidelines and policies therein contained, such guidelines and policies shall be applied on the basis of the relevant amounts calculated immediately after the making of such investment or the taking of such action. Any subsequent change relative to any percentage limitation which results from a subsequent change in the Gross Book Value or adjusted Limited Partners’ equity will not require divestiture of any investment (other than with respect to paragraphs (a) and (b) of the investment guidelines in Section 10.1, which must be complied with at all times).

Appears in 1 contract

Samples: Amended and Restated Limited Partnership Agreement

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Application of Investment Guidelines and Operating Policies. With respect to Sections 10.1 9.1 and 10.29.2, where any maximum or minimum percentage limitation is specified in any of the guidelines and policies therein contained, such guidelines and policies shall be applied on the basis of the relevant amounts calculated immediately after the making of such investment or the taking of such action. Any subsequent change relative to any percentage limitation which results from a subsequent change in the Gross Book Value or adjusted Limited Partners’ equity will not require divestiture of any investment (other than with respect to paragraphs (a) and (b) of the investment guidelines in Section 10.1, which must be complied with at all times).

Appears in 1 contract

Samples: Limited Partnership Agreement

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