Authority of Investment Manager Sample Clauses

Authority of Investment Manager. The investment manager of a Custom Fund shall have the authority to vote or execute proxies, exercise shareholder rights, manage, acquire, and dispose of Trust assets. Notwithstanding, the authority to vote proxies and exercise shareholder rights related to shares of Company Stock held in a Custom Fund is vested as provided otherwise in Section 16.
Sample 1Sample 2Sample 3See All (18)
AutoNDA by SimpleDocs
Authority of Investment Manager. Subject to section 4 of this Agreement, Sub-Investment Manager shall have the discretionary authority to manage and control the assets in the Client Accounts, including the power to acquire assets for and dispose of assets in the Client Accounts. When exercising its authority under this section 3, Sub-Investment Manager shall be under no obligation to consult with or obtain the consent of Investment Manager, subject to any written instructions and procedures which Investment Manager shall communicate to Sub-Investment Manager. Provided Sub-Investment Manager manages the Client Accounts in accordance with the guidelines set out in Schedule B (as altered from time to time by agreement in writing), neither Sub-Investment Manager nor any of its agents, executives or employees shall be liable for any depreciation in the value of the Client Accounts or the consequences of any investment decisions made in good faith and in the absence of negligence or willful default. In this connection, Investment Manager accepts and agrees to the provisions of Schedule E (Ratification, Indemnity and Exclusion of Liability) which forms part of this Agreement. All transactions shall be subject to IMRO rules and the rules of any other regulatory authority to which Sub-Investment Manager is subject and to the dealing, settlement and other applicable rules or customs of the market or exchange (if any) on which such transaction is effected. In the event of any conflict between the terms of this Agreement and any such rules or customs, the latter shall prevail. The authority given to Sub-Investment Manager to manage the Client Accounts shall be irrevocable until this Agreement is terminated pursuant to clause 12 below and shall continue in force despite any event which might otherwise terminate it, until Sub-Investment Manager has actual notice of such event.
Sample 1Sample 2Sample 3See All (5)
Authority of Investment Manager. (a.) Under the supervision of the Board of each Fund and pursuant to this Agreement and in accordance with the 1940 Act, the Investment Manager shall be responsible for:
Sample 1Sample 2Sample 3
Authority of Investment Manager. Subject at all times to the provisions of this Agreement, the Investment Manager shall have sole, complete and full power and authority to invest and reinvest all of the Investment Account Assets in such securities or other instruments as the Investment Manager, in its sole and absolute discretion, shall consider to be in the best interest of the Company, provided such investments are consistent with the Investment Guidelines, as the same may be amended, modified or restated as provided herein. In connection therewith, the Investment Manager shall have sole, complete and full power and authority to: (i) issue orders for the Investment Account to a broker-dealer or loan servicer; (ii) instruct the Custodian to exercise or abstain from exercising any option, privilege or right held in the Investment Account; (iii) monitor the correct collection of income on the Investment Account by the Custodian; and (iv) take any other action with respect to securities or other property in the Investment Account as needed to serve the best interest of the Company and to adhere to the Investment Guidelines. The Investment Manager shall be free to sell securities or other instruments in the Investment Account regardless of the length of time they have been held. The Investment Manager shall further be free to make investment changes regardless of the resulting rate of portfolio turnover, when it, in its sole discretion, shall determine that such changes will promote the investment objective of the Investment Account. The Investment Manager shall be authorized to represent the Included Entities in all dealings with loan servicers and originators in connection with loan investments and related activities, as described in the Investment Guidelines.
Sample 1Sample 2
Authority of Investment Manager. The authority of any Investment Manager, and the terms and conditions of its appointment and retention, shall be the sole responsibility of the Board and shall be set forth in the Investment Manager’s agreement with the Board.
Sample 1
Authority of Investment Manager. In connection with its obligations hereunder, the Investment Manager will have authority for and in the name of the Partnership:
Sample 1
Authority of Investment Manager. Subject to Section 4 of this Agreement the Investment Manager shall have the discretionary authority to manage and control assets of the Client that are segregated in an Investment Manger Account, including the power to acquire and dispose of assets in each Investment Manager. In the exercise of that power the Investment Manger may invest and reinvest the assets, without distinction between principal and income, in investments described by the Client's investment management guidelines. When exercising its authority under this Section 3, the Investment Manager shall be under no obligation to consult with or obtain the consent of the Client. The assets initially segregated into each Investment Manager Account shall be cash. Assets other that cash may be segregated into an Investment Manager Account with the consent of the Investment Manager. The client may remove assets from any Investment Manager Account at any time without the consent of the Investment Manger. 2 Upon segregating assets of the Client into an Investment Manager Account, the Client shall promptly inform the Investment Manager of all assets segregated into the Investment Manager Account. The Client shall also establish reporting and accounting arrangements so that the Investment Manager will be fully informed at all times as to the assets segregated into any Investment Manager Account.
Sample 1
AutoNDA by SimpleDocs
Authority of Investment Manager. Subject to Section 4 of this ------------------------------- Agreement the Investment Manager shall have the discretionary authority to manage and control assets of the Client that are segregated in an Investment Manager Account, including the power to acquire and dispose of assets in each Investment Manager Account. In exercise of that power, the Investment Manager may invest and reinvest the assets, without distinction between principal and income, in investments described by the Client's investment management guidelines, consisting of Schedule B to this Agreement. When exercising its authority under this Section 3, the Investment Manager shall be under no obligation to consult with or obtain the consent of the Client. The assets initially segregated into each Investment Manager Account shall be cash. Assets other than cash may be segregated into an Investment Manager Account with the consent of the Investment Manager. The Client may remove assets from any Investment Manager Account at any time without the consent of the Investment Manger. Upon segregating assets of the Client into an Investment Manager Account, the Client shall promptly inform the Investment Manager of all assets segregated into the Investment Manager Account. The Client shall also establish reporting and accounting arrangements so that the Investment Manager will be fully informed at all times as to the assets segregated into any Investment Manager Account.
Sample 1
Authority of Investment Manager 
Sample 1

Related to Authority of Investment Manager

  • Appointment of Investment Manager On the terms and subject to the conditions set forth herein, the Company hereby appoints the Investment Manager as investment manager of the Account with discretionary authority to manage the investment and reinvestment of the funds and assets of the Account in accordance with the terms hereof, and the Investment Manager accepts such appointment. In the course of providing the services contemplated by this Agreement, the Investment Manager shall act as a fiduciary and shall discharge its fiduciary duties and exercise each of its powers under this Agreement with the care, skill and diligence that a registered investment adviser, acting in a like capacity and familiar with insurance company matters, would use in the conduct of a like enterprise with like aims, taking into consideration the facts and circumstances then prevailing, and such fiduciary duties shall specifically include a duty (a) to act with good faith; (b) of loyalty to Company; (c) to provide full and fair disclosure of all material facts; (d) to employ reasonable care to avoid misleading Company; and (e) to act in a manner consistent with the Investment Guidelines for the Account as agreed to between Investment Manager and Company.

  • Authority of General Partner The General Partner shall have sole authority to manage the business and affairs of the Partnership, which authority shall be delegated as provided in this Agreement. Subject to the limitations in this Agreement, the General Partner shall have the authority to take any action it deems to be necessary or appropriate in connection with the business and affairs of the Partnership, including without limitation the power and authority to:

  • Authority of Partners No Limited Partner, in its capacity as such, shall participate in or have any control over the business of the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the affairs of the Partnership described in this Agreement. Except as expressly provided herein, the Limited Partners shall have no right to vote on any matter involving the Partnership, including with respect to any merger, consolidation, combination or conversion of the Partnership. The conduct, control and management of the Partnership shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. No Partner who is not also a General Partner (and acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more Partners from time to time, and such Partners, in their capacity as employees of the Partnership (and not, for clarity, in their capacity as Limited Partners of the Partnership), may take part in the control and management of the business of the Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner.

  • Duties of Investment Manager In carrying out its obligation under paragraph 1 hereof, the Investment Manager shall:

  • Appointment of Investment Adviser The Trust hereby appoints the Adviser to manage the investment and reinvestment of assets of the Fund and to administer its affairs, subject to the supervision of the Board of Trustees of the Trust for the period and on the terms set forth herein. The Adviser hereby accepts such appointment and agrees during such period, at its own expense, to render the services and to assume the obligations herein set forth, for the compensation herein provided. The Adviser shall not be liable to the Trust for any act or omission by the Adviser or for any losses sustained by the Trust or its shareholders except in the case of willful misfeasance, bad faith, gross negligence or reckless disregard of duty. The federal and state securities laws and other laws may impose liability under certain circumstances on persons who act in good faith, and therefore, nothing in this Agreement will waive or limit any rights the client may have under such laws.

  • Authority of Manager (a) The Manager shall have the exclusive authority to manage the operations and affairs of the Company, shall have the power on behalf and in the name of the Company to carry out any and all of the objects and purposes of the Company, and shall have all authority, rights, and powers conferred by law and those required or appropriate for the management of the Company business.

  • Authority of the Manager The Manager for, and in the name and on behalf of the Company, is hereby authorized to:

  • Authority of the Advisor (a) Pursuant to the terms of this Agreement (including the restrictions included in this Section 4 and in Section 7), and subject to the continuing and exclusive authority of the Directors over the management of the Company, the Board hereby delegates to the Advisor the authority to take those actions set forth in Section 3.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!