Company Fund Clause Samples
The COMPANY FUND clause establishes a dedicated pool of financial resources managed by the company for specific purposes outlined in the agreement. Typically, this fund may be used to cover operational expenses, project costs, or other designated expenditures, and its management, replenishment, and permitted uses are clearly defined within the contract. By setting up a COMPANY FUND, the clause ensures that there are sufficient and segregated resources available to meet certain obligations, thereby promoting financial accountability and reducing the risk of resource shortfalls.
Company Fund. “Company Fund” means any investment fund or other collective investment vehicle that is a distinct Entity (including any general or limited partnership, corporation, trust or limited liability company, and including each separate portfolio or series of any of the foregoing and whether or not dedicated to a single investor but excluding, for the avoidance of doubt, each of the Permanent Capital Vehicles) (a) sponsored or controlled by an Acquired Company or (b) for which an Acquired Company acts as the principal investment adviser, investment manager, collateral manager, general partner, managing member, manager or in a similar capacity; provided, however, that Company Funds shall not include any Managed Accounts, Sub-advisory Relationships or, for the avoidance of doubt, any Portfolio Companies. The Company Funds as of the date of this Agreement are set forth on Part 2.3(i) of the Disclosure Schedule.