Fund Assets. The Fund's Assets will, at the initial Closing, consist solely of cash.
Fund Assets. The assets of the Fund will be deposited in such financial institutions as the General Partner determines, and withdrawals will be made only in the regular course of Fund business on such signature or signatures as the General Partner determines, and subject to such procedures to which the General Partner may agree on behalf of the Fund with the custodian(s) of the Fund’s assets. No funds of the General Partner will in any way be commingled with such Fund assets.
Fund Assets. All Liechtenstein-based UCITS having the legal form of a (contractual) investment fund or a collective trusteeship are subject to income tax in Liechtenstein. The income from the assets of the Sub-Funds is exempt from taxation.
Fund Assets. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies from the Fund for public, educational and charitable uses and purposes.
Fund Assets. All Liechtenstein UCITS in the legal form of a (contractual) investment fund or collective trust shall be absolutely liable for taxation in Liechtenstein and subject to income tax. The income from the managed assets represents tax-free income. Issuing and sales taxes1 The establishment (issuing) of shares to this type of UCITS shall not be subject to issuing and sales tax. The transfer of property to investor shares in return for payment shall be subject to sales tax, provided one party or one broker is a domestic securities dealer. The redemption of investor shares shall be excluded from sales tax. The contractual investment fund or the collective trust shall be considered a sales-tax-exempt investor. The UCITS in the legal form of a contractual investment fund or collective trust shall not be subject to any withholding tax obligation in the Principality of Liechtenstein, in particular any coupon or withholding tax. Foreign income and capital gains generated by the UCITS in the legal form of a contractual investment fund or collective trusteeship can be subject to taxation at source in the country of investment. Possible double taxation agreements shall remain reserved.
Fund Assets. The Moderate Fund represents and warrants that on the Closing Date the assets received by the Conservative Fund from the Moderate Fund will be delivered to the Conservative Fund as provided in Section 1.1 free and clear of all liens, pledges, security interests, charges or other encumbrances of any nature whatsoever created by the Moderate Fund and without any restriction upon the transfer thereof, except for such liabilities assumed as provided in Section 1.1.
Fund Assets. The trust fund assets consist of all money and property received as contributions, together with any income on or increment in such assets. The Trustee shall hold the fund assets without distinction between principal and income.
Fund Assets. (a) With respect to the Acquired Funds, the Fund Assets shall consist of all property and assets of any nature whatsoever, including, without limitation, all cash, cash equivalents, securities, instruments, claims and receivables (including dividend and interest receivables) owned by the Acquired Funds, and any prepaid expenses shown as an asset on the Acquired Funds’ books on the Closing Date (as defined in Section 3.1).
(b) Before the Closing Date, each of the Acquired Funds will provide the Acquiring Fund with a schedule of its assets and its known liabilities, and the Acquiring Fund will provide the Acquired Funds with a copy of the current investment objective and policies applicable to the Acquiring Fund. The Acquired Funds reserve the right to sell or otherwise dispose of any of the securities or other assets shown on the list of the Acquired Fund’s assets before the Closing Date but will not, without the prior approval of the Acquiring Fund, acquire any additional securities other than securities which the Acquiring Fund is permitted to purchase in accordance with its stated investment objective and policies. Before the Closing Date, the Acquiring Fund will advise the Acquired Funds of any investments of the Acquired Fund shown on such schedule which the Acquiring Fund would not be permitted to hold, pursuant to its stated investment objective and policies or otherwise. If either of the Acquired Funds holds any investments that the Acquiring Fund would not be permitted to hold under its stated investment objective or policies, the Acquired Fund holding the impermissible investment, if requested by the Acquiring Fund, will dispose of those securities prior to the Closing Date to the extent practicable. In addition, if it is determined that the portfolios of the Acquired Fund and the Acquiring Fund, when aggregated, would contain investments exceeding certain percentage limitations to which the Acquiring Fund is or will be subject with respect to such investments, the Acquired Fund, if requested by the Acquiring Fund, will dispose of and/or reinvest a sufficient amount of such investments as may be necessary to avoid violating such limitations as of the Closing Date.
Fund Assets. 2 ARTICLE IV
Fund Assets. 3.1 All assets held in the Fund shall at all times be held by the Custodian and, where in registered form, shall be registered in the name of "Special Account for The R.O.
