General Duties of the Investment Adviser Sample Clauses
The "General Duties of the Investment Adviser" clause defines the fundamental responsibilities and obligations of the investment adviser in managing a client’s assets or portfolio. Typically, this clause requires the adviser to act in the best interests of the client, exercise due care and diligence, and comply with all relevant laws and regulations. For example, it may specify that the adviser must provide regular reports, maintain confidentiality, and avoid conflicts of interest. The core function of this clause is to establish clear expectations for the adviser’s conduct, thereby protecting the client and ensuring professional standards are maintained throughout the advisory relationship.
General Duties of the Investment Adviser. Subject to the direction and control of the Trust’s Board of Trustees (the “Board”) and subject to and in accordance with the terms of the Agreement and Declaration of Trust of the Trust (the “Declaration of Trust”), the Registration Statement of the Trust under the Investment Company Act (the “Registration Statement”), and any other applicable policies adopted or approved by the Board, the conditions of any exemptive order obtained by or for the benefit of the Trust from the Securities and Exchange Commission (the “Commission”) and this Agreement, the Investment Adviser agrees to supervise and direct the investment and reinvestment of the assets and perform the duties set forth herein, and shall perform on behalf of the Trust those investment and leverage related duties and functions assigned to the Trust or the Investment Adviser in the Declaration of Trust and the Statements of Preferences for any preferred shares (collectively, the “Transaction Documents”), and shall have such other powers with respect to the investment and leverage related functions of the Trust as shall be delegated from time to time to the Investment Adviser by the Board. The Trust has executed the Transaction Documents and the Investment Adviser is hereby granted, and shall have, full power to take all actions and execute and deliver all necessary and appropriate documents and instruments on behalf of the Trust in accordance with the Transaction Documents, the policies adopted or approved by the Board, the conditions of any exemptive order obtained by or for the benefit of the Trust or the Investment Adviser from the Commission and this Agreement. The Investment Adviser shall endeavor to comply in all material respects with the Investment Company Act and all rules and regulations thereunder, all other applicable federal and state laws and regulations and the applicable provisions of the Transaction Documents in performing its duties under this Agreement. The Investment Adviser also shall manage, supervise and conduct the other affairs and business of the Trust and matters incidental thereto pursuant to a separate administration agreement with the Trust, subject always to the control of the Board and to the provisions of the Transaction Documents, the Registration Statement, including the Trust’s Prospectus and Statement of Additional Information, and the Investment Company Act, in each case as from time to time amended and in effect. Subject to the foregoing and the other provision...
General Duties of the Investment Adviser. 1.1 The Investment Adviser, shall in the performance of its duties hereunder:
1.1.1 observe and comply with the statements relating to the management of the Company and its Investment Policy (as may be amended by the Company from time to time);
1.1.2 provide to the Company or to the VCT Status Monitors access to information and documentation held by or available to it concerning Investments within the Company and the Company’s status as a VCT so as to enable the VCT Status Monitors to fulfill their duties;
1.1.3 comply with the outcome of the quarterly risk review exercise;
1.1.4 conform to, comply with and carry out all policy decisions and directions which the Board may from time to time make or give provided that such decisions and directions are reasonable and are consistent with the Investment Policy; and
1.1.5 comply with all applicable laws or regulations for the time being in force, including, without limitation, the FCA Rules, the listing rules of the FCA as the United Kingdom Listing Authority, the Rules of the Alternative Investment Market of the London Stock Exchange, the City Code on Take-over and Mergers, the Rules Governing Substantial Acquisitions of Shares and the FSMA.
1.2 Subject always to the provisions of the Schedules and without limiting the operation of paragraph 4.1 below, during the continuance of the Investment Adviser‘s appointment hereunder, the Investment Adviser shall render such advice to the Company as the Board may from time to time require in connection with the investment of the monies and assets within the Company and in particular (but without limiting the generality of the foregoing) and provided always that it is kept fully informed of the sums available for investment the Investment Adviser shall:
1.2.1 seek and evaluate Investment and re-investment opportunities and put forward investment and re-investment proposals to the Board;
1.2.2 assist in the negotiation of possible Investment and re-investment opportunities;
1.2.3 monitor and manage the Investments within the Company to the best of its ability;
1.2.4 recommend to the Company when Investments should be realised and monies re-invested and negotiate, manage and execute the completion of realisation of each such Investment;
1.2.5 if required by the Company, and subject to satisfactory arrangements being agreed for charging director’s fees to the Investee, provide personnel to represent the interests of the Company on the governing bodies of Investees;
1.2.6 adv...