{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hYOpLvTmv88", "uri": "/contracts/hYOpLvTmv88#fund-assets", "label": "Trust Agreement (Schwab Charles Corp)", "score": 17.0, "published": true}], "snippet": "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.", "size": 3, "snippet_links": [{"key": "trust-fund-assets", "type": "definition", "offset": [4, 21]}, {"key": "consist-of", "type": "clause", "offset": [22, 32]}, {"key": "trustee-shall", "type": "definition", "offset": [144, 157]}, {"key": "the-fund", "type": "clause", "offset": [163, 171]}, {"key": "principal-and-income", "type": "clause", "offset": [207, 227]}], "hash": "becfeef38a628034b344bd5bcc300a17", "id": 8}, {"samples": [{"hash": "hcd4wzj0vOZ", "uri": "/contracts/hcd4wzj0vOZ#fund-assets", "label": "Third Party Feeder Fund Agreement (Security Income Fund /Ks/)", "score": 17.0, "published": true}, {"hash": "ky5ZkQzJmo2", "uri": "/contracts/ky5ZkQzJmo2#fund-assets", "label": "Third Party Feeder Fund Agreement (American Aadvantage Mileage Funds)", "score": 16.0, "published": true}, {"hash": "kFFN6iIURG0", "uri": "/contracts/kFFN6iIURG0#fund-assets", "label": "Third Party Feeder Fund Agreement (Security Income Fund /Ks/)", "score": 16.0, "published": true}], "snippet": "The Fund's Assets will, at the initial Closing, consist solely of cash.", "size": 18, "snippet_links": [{"key": "the-fund", "type": "clause", "offset": [0, 8]}, {"key": "at-the-initial-closing", "type": "clause", "offset": [24, 46]}], "hash": "a12c210f2d28323405d3a58f6d13cdb5", "id": 1}, {"samples": [{"hash": "h8875q03UAj", "uri": "/contracts/h8875q03UAj#fund-assets", "label": "Limited Partnership Agreement (MA Managed Futures Fund, LP)", "score": 23.3641338348, "published": true}, {"hash": "g10bw4auUf7", "uri": "/contracts/g10bw4auUf7#fund-assets", "label": "Limited Partnership Agreement (MA Managed Futures Fund, LP)", "score": 23.0930862427, "published": true}, {"hash": "hIf9iIKpKlh", "uri": "/contracts/hIf9iIKpKlh#fund-assets", "label": "Limited Partnership Agreement (MA Managed Futures Fund, LP)", "score": 22.6796722412, "published": true}], "snippet": "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\u2019s assets. No funds of the General Partner will in any way be commingled with such Fund assets.", "size": 12, "snippet_links": [{"key": "the-fund-will", "type": "clause", "offset": [14, 27]}, {"key": "financial-institutions", "type": "clause", "offset": [49, 71]}, {"key": "the-general-partner", "type": "clause", "offset": [75, 94]}, {"key": "fund-business", "type": "definition", "offset": [166, 179]}, {"key": "subject-to", "type": "clause", "offset": [251, 261]}, {"key": "on-behalf-of", "type": "definition", "offset": [317, 329]}], "hash": "ae361f9de90c945b0cf79c2dbf059e11", "id": 2}, {"samples": [{"hash": "3ig8MYSOKIh", "uri": "/contracts/3ig8MYSOKIh#fund-assets", "label": "Unit Trust Agreement", "score": 36.1527099609, "published": true}, {"hash": "a4RQk24Z625", "uri": "/contracts/a4RQk24Z625#fund-assets", "label": "Unit Trust Agreement", "score": 34.1913757324, "published": true}, {"hash": "1m6NqEqUNIA", "uri": "/contracts/1m6NqEqUNIA#fund-assets", "label": "Unit Trust Agreement", "score": 34.1187210083, "published": true}], "snippet": "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.", "size": 10, "snippet_links": [{"key": "form-of", "type": "clause", "offset": [47, 54]}, {"key": "investment-fund", "type": "definition", "offset": [71, 86]}, {"key": "subject-to", "type": "clause", "offset": [119, 129]}, {"key": "income-tax", "type": "definition", "offset": [130, 140]}, {"key": "the-assets", "type": "clause", "offset": [175, 185]}, {"key": "the-sub", "type": "clause", "offset": [189, 196]}], "hash": "1479c1589b65c7e0281a7d92d7e1b584", "id": 3}, {"samples": [{"hash": "jmuEX6CRnzz", "uri": "/contracts/jmuEX6CRnzz#fund-assets", "label": "Donor Advised Fund Agreement", "score": 22.5879535675, "published": true}, {"hash": "2Oa729fVVzS", "uri": "/contracts/2Oa729fVVzS#fund-assets", "label": "Corporate Advised Fund Agreement", "score": 21.633348465, "published": true}, {"hash": "3K4QwHj1MEw", "uri": "/contracts/3K4QwHj1MEw#fund-assets", "label": "Donor Advised Fund Agreement", "score": 18.3169059753, "published": true}], "snippet": "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.", "size": 8, "snippet_links": [{"key": "by-all-parties", "type": "clause", "offset": [28, 42]}, {"key": "all-assets", "type": "clause", "offset": [48, 58]}, {"key": "to-the-fund", "type": "definition", "offset": [71, 82]}, {"key": "irrevocable-gift", "type": "clause", "offset": [99, 115]}, {"key": "the-foundation", "type": "clause", "offset": [119, 133]}, {"key": "responsibility-for", "type": "clause", "offset": [156, 174]}, {"key": "for-public", "type": "definition", "offset": [393, 403]}, {"key": "uses-and-purposes", "type": "clause", "offset": [432, 449]}], "hash": "0f5f00331687cb2a438fb4a31fc0a17d", "id": 4}, {"samples": [{"hash": "axM1rezb6G7", "uri": "/contracts/axM1rezb6G7#fund-assets", "label": "Trust Agreement", "score": 30.5995368958, "published": true}, {"hash": "7b0iX4n2vHN", "uri": "/contracts/7b0iX4n2vHN#fund-assets", "label": "Trust Agreement", "score": 30.4586200714, "published": true}, {"hash": "ke7XwZYoNZf", "uri": "/contracts/ke7XwZYoNZf#fund-assets", "label": "Trust Agreement", "score": 25.4902992249, "published": true}], "snippet": "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.", "size": 6, "snippet_links": [{"key": "form-of", "type": "clause", "offset": [37, 44]}, {"key": "investment-fund", "type": "definition", "offset": [61, 76]}, {"key": "collective-trust", "type": "definition", "offset": [80, 96]}, {"key": "subject-to", "type": "clause", "offset": [158, 168]}, {"key": "income-tax", "type": "definition", "offset": [169, 179]}, {"key": "managed-assets", "type": "definition", "offset": [201, 215]}, {"key": "type-of", "type": "definition", "offset": [315, 322]}, {"key": "sales-tax", "type": "clause", "offset": [365, 374]}, {"key": "transfer-of-property", "type": "clause", "offset": [380, 400]}, {"key": "investor-shares", "type": "definition", "offset": [404, 419]}, {"key": "in-return", "type": "clause", "offset": [420, 429]}, {"key": "for-payment", "type": "clause", "offset": [430, 441]}, {"key": "one-party", "type": "definition", "offset": [482, 491]}, {"key": "domestic-securities", "type": "clause", "offset": [511, 530]}, {"key": "the-redemption", "type": "clause", "offset": [539, 553]}, {"key": "exempt-investor", "type": "definition", "offset": [695, 710]}, {"key": "the-ucits", "type": "clause", "offset": [712, 721]}, {"key": "tax-obligation", "type": "definition", "offset": [833, 847]}, {"key": "principality-of-liechtenstein", "type": "definition", "offset": [855, 884]}, {"key": "in-particular", "type": "clause", "offset": [886, 899]}, {"key": "income-and-capital-gains", "type": "clause", "offset": [939, 963]}, {"key": "the-country", "type": "definition", "offset": [1104, 1115]}, {"key": "double-taxation-agreements", "type": "clause", "offset": [1140, 1166]}], "hash": "2fa53005e0dacfb375ef1a14020e30c0", "id": 5}, {"samples": [{"hash": "jadMmMi1JuE", "uri": "/contracts/jadMmMi1JuE#fund-assets", "label": "Agreement and Plan of Reorganization (Wt Mutual Fund)", "score": 19.0, "published": true}, {"hash": "gCm4aQpoyx7", "uri": "/contracts/gCm4aQpoyx7#fund-assets", "label": "Agreement and Plan of Reorganization (Wt Mutual Fund)", "score": 19.0, "published": true}, {"hash": "foaT1OmtoDI", "uri": "/contracts/foaT1OmtoDI#fund-assets", "label": "Agreement and Plan of Reorganization (Wt Mutual Fund)", "score": 19.0, "published": true}], "snippet": "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.", "size": 4, "snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [50, 66]}, {"key": "the-assets", "type": "clause", "offset": [67, 77]}, {"key": "received-by", "type": "definition", "offset": [78, 89]}, {"key": "free-and-clear", "type": "clause", "offset": [205, 219]}, {"key": "security-interests", "type": "definition", "offset": [243, 261]}, {"key": "other-encumbrances", "type": "clause", "offset": [274, 292]}, {"key": "created-by", "type": "definition", "offset": [318, 328]}, {"key": "the-transfer", "type": "clause", "offset": [380, 392]}, {"key": "liabilities-assumed", "type": "definition", "offset": [418, 437]}], "hash": "0a6d765a3b7e172347c0f24d8d35e280", "id": 6}, {"samples": [{"hash": "6o2TXdXgLu2", "uri": "/contracts/6o2TXdXgLu2#fund-assets", "label": "Credit and Security Agreement (FS Credit Opportunities Corp.)", "score": 36.036277771, "published": true}, {"hash": "2vq5DNNvLXj", "uri": "/contracts/2vq5DNNvLXj#fund-assets", "label": "Credit and Security Agreement (FS Credit Opportunities Corp.)", "score": 36.036277771, "published": true}, {"hash": "636nbScfD0y", "uri": "/contracts/636nbScfD0y#fund-assets", "label": "Credit and Security Agreement (FS Global Credit Opportunities Fund)", "score": 31.96235466, "published": true}], "snippet": "On a pro forma basis immediately after giving effect to the transactions to occur on the Effective Date, the Company shall own Fund Assets (excluding any Ineligible Investments) with a Current Market Value of not less than 81.5% of the aggregate Current Market Value of the Fund Assets (excluding any Ineligible Investments) held by the Parent Entities on such date.", "size": 3, "snippet_links": [{"key": "pro-forma-basis", "type": "clause", "offset": [5, 20]}, {"key": "after-giving", "type": "clause", "offset": [33, 45]}, {"key": "the-transactions", "type": "clause", "offset": [56, 72]}, {"key": "on-the-effective-date", "type": "clause", "offset": [82, 103]}, {"key": "the-company-shall", "type": "clause", "offset": [105, 122]}, {"key": "ineligible-investments", "type": "clause", "offset": [154, 176]}, {"key": "current-market-value", "type": "definition", "offset": [185, 205]}, {"key": "value-of-the-fund", "type": "clause", "offset": [261, 278]}, {"key": "parent-entities", "type": "clause", "offset": [337, 352]}], "hash": "bf35d9bfda304924c081cbda21a30703", "id": 7}, {"samples": [{"hash": "AMf17n3Ax2", "uri": "/contracts/AMf17n3Ax2#fund-assets", "label": "Agreement and Plan of Reorganization (RCM Capital Funds Inc /Md/)", "score": 18.0, "published": true}, {"hash": "3UBpTM8NcE8", "uri": "/contracts/3UBpTM8NcE8#fund-assets", "label": "Agreement and Plan of Reorganization (RCM Equity Funds Inc)", "score": 18.0, "published": true}], "snippet": "The Capital Company represents and warrants that on the Closing Date the assets received by New MidCap Fund, New International Fund and New Small Cap Fund from MidCap Fund, International Fund and Small Cap Fund, respectively, will be delivered to New MidCap Fund, New International Fund and New Small Cap Fund, respectively, 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 MidCap Fund, International Fund and Small Cap Fund and without any restriction upon the transfer thereof, except for such liabilities assumed as provided in Section 1.1.", "size": 2, "snippet_links": [{"key": "capital-company", "type": "definition", "offset": [4, 19]}, {"key": "the-closing-date", "type": "clause", "offset": [52, 68]}, {"key": "the-assets", "type": "clause", "offset": [69, 79]}, {"key": "received-by", "type": "definition", "offset": [80, 91]}, {"key": "international-fund", "type": "definition", "offset": [113, 131]}, {"key": "free-and-clear", "type": "clause", "offset": [352, 366]}, {"key": "security-interests", "type": "definition", "offset": [390, 408]}, {"key": "other-encumbrances", "type": "clause", "offset": [421, 439]}, {"key": "created-by", "type": "definition", "offset": [465, 475]}, {"key": "the-transfer", "type": "clause", "offset": [560, 572]}, {"key": "liabilities-assumed", "type": "definition", "offset": [598, 617]}], "hash": "20d04bbd50c31c2e88df8689cc8633e0", "id": 9}, {"samples": [{"hash": "9TIU51j7jog", "uri": "/contracts/9TIU51j7jog#fund-assets", "label": "Agreement and Plan of Reorganization (Wt Mutual Fund)", "score": 19.0, "published": true}, {"hash": "4pyKMTM2wfz", "uri": "/contracts/4pyKMTM2wfz#fund-assets", "label": "Agreement and Plan of Reorganization (Wt Mutual Fund)", "score": 19.0, "published": true}], "snippet": "The Mid-Cap Fund represents and warrants that on the Closing Date the assets received by the Large-Cap Fund from the Mid-Cap Fund will be delivered to the Large-Cap 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 Mid-Cap Fund and without any restriction upon the transfer thereof, except for such liabilities assumed as provided in Section 1.1.", "size": 2, "snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [49, 65]}, {"key": "the-assets", "type": "clause", "offset": [66, 76]}, {"key": "received-by", "type": "definition", "offset": [77, 88]}, {"key": "free-and-clear", "type": "clause", "offset": [197, 211]}, {"key": "security-interests", "type": "definition", "offset": [235, 253]}, {"key": "other-encumbrances", "type": "clause", "offset": [266, 284]}, {"key": "created-by", "type": "definition", "offset": [310, 320]}, {"key": "the-transfer", "type": "clause", "offset": [371, 383]}, {"key": "liabilities-assumed", "type": "definition", "offset": [409, 428]}], "hash": "353d76eb8ac3c0e1486ec7af0a877493", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRmdW5kLWFzc2V0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["payments-by-the-trustee", "Payments by the Trustee"], ["representations-and-warranties-of-private-investment-companies", "Representations and Warranties of Private Investment Companies"], ["benefits", "Benefits"], ["winding-up", "Winding Up"], ["notices", "Notices"]], "size": 112, "parents": [["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["books-and-records-accounting-tax-elections", "Books and Records Accounting Tax Elections"], ["tax-provisions", "Tax Provisions"], ["related-closing-matters", "Related Closing Matters"], ["the-company-and-security-management", "THE COMPANY AND SECURITY MANAGEMENT"]], "title": "Fund Assets", "id": "fund-assets", "related": [["investment-assets", "Investment Assets", "Investment Assets"], ["fund-accounting", "Fund Accounting", "Fund Accounting"], ["investment-portfolio", "Investment Portfolio", "Investment Portfolio"], ["commingling-assets", "Commingling Assets", "Commingling Assets"], ["average-invested-assets", "Average Invested Assets", "Average Invested Assets"]], "related_snippets": [], "updated": "2025-07-24T06:48:57+00:00", "also_ask": ["What key definitions of 'Fund Assets' should be included to avoid ambiguity?", "How can the clause be structured to protect against asset commingling risks?", "What are the most common negotiation points regarding Fund Asset exclusions or inclusions?", "How does this clause compare to industry standards or regulatory requirements?", "What factors most often determine enforceability of Fund Asset provisions in court?"], "drafting_tip": "Define 'Fund Assets' precisely to avoid ambiguity; specify inclusions and exclusions to prevent disputes; reference applicable valuation methods to ensure consistency.", "explanation": "The 'Fund Assets' clause defines what constitutes the assets held by a fund, typically specifying the types of property, securities, cash, or other investments that are included within the fund's portfolio. This clause may detail how assets are acquired, managed, or valued, and can clarify whether certain items like derivatives, receivables, or uninvested cash are considered part of the fund's assets. Its core practical function is to establish clear boundaries for what is included in the fund for purposes such as valuation, reporting, and determining investor entitlements, thereby ensuring transparency and reducing the risk of disputes over asset classification."}, "json": true, "cursor": ""}}