GENERAL INVESTMENT GUIDELINES Sample Clauses

GENERAL INVESTMENT GUIDELINES. A. The Treasurer is authorized and responsible for the investment decisions and changes as deemed necessary and in accordance with the objectives and guidelines set forth herein.
Sample 1
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GENERAL INVESTMENT GUIDELINES. Funds required for short-term, working capital needs of CVPS and its subsidiaries will remain at CVPS and its subsidiaries and be invested in-house by CVPS personnel in accordance with In-House Investment Guidelines on pages 4 - 5. CVPS funds in excess of those needed for short-term, working capital needs will be sent to Custom Investment Corporation ("Custom") and invested by a professional investment manager in accordance with Professional Investment Management Guidelines on page 6. (NOTE: Custom may, at any time, have minimal excess cash awaiting transfer to the professional investment manager. This cash at Custom will also be invested in-house by CVPS personnel)
Sample 1
GENERAL INVESTMENT GUIDELINES. The Sub-advisor must obtain the prior written approval of the Advisor for exceptions to the following guidelines: Borrower Company Characteristics: • Fewer than 500 employees (with preference for those meeting IFC definition of SME1) • Profitable and seeking expansion capital • At least 3 year operating history • Demonstrated cash flows enabling loan repayment Underwriting Criteria: • All investments made by the Sub-Advisor on behalf of the Client shall be [INSERT DESCRIPTION OF INVESTMENT MANDATE]. • [ADDITIONAL CRITERIA TO BE DEVELOPED WITH SUB-ADVISORS INDIVIDUALLY] Impact Criteria: • Counterparties must not be engaged in activities that appear on the IFC Exclusion List. • Counterparties must operate in compliance with local labor and environmental laws. • Counterparties must at a minimum state their impact objectives, commit to track and report on the economic, social and/or environmental impact of their businesses, and must be reasonably expected to show progress in one or more indicators that pertain to the Company’s core impact objective of economic development: • Increase in total number of employees (normalized for part-time & seasonal) • Increase in employee median wages • Increase in employee ownership • Increase in earned revenue • Increase in net income 1 IFC defines an SME as meeting at least two of these three criteria: fewer than 300 employees, less than $15 million in assets, less than $15 million in annual sales. • Increase in taxes paid Restrictions on Permitted Investments:
Sample 1
GENERAL INVESTMENT GUIDELINES. The Sub-advisor must obtain the prior written approval of the Advisor for exceptions to the following guidelines: Borrower Company Characteristics: • Fewer than 500 full time, permanent employees (with preference for those meeting IFC definition of SME1). • For borrowers in the agricultural and aquaculture sectors, fewer than 1,000 full time, permanent employees. • Cooperatives are automatically considered to be SMEs as it is assumed that each user owner company that is part of the cooperative is an SME. • Adequate collateral coverage – maximum 85% LTV for each draw under the loan facility at all times. • Collateral to consist of a first security interest over the underlying commodity or general goods that support the transaction. • The commodity or general goods that support the transaction will be subject to a collateral management agreement with a reputable third party who is responsible for verifying and monitoring the commodity or general goods through the life of the transaction. • The commodity or general goods that support the transaction will have insurance cover through the life of the transaction. • For existing Borrower(s) of Sub-Advisor - demonstrate favorable payment track record with the Sub-Advisor. • New Borrower(s) of Sub-Advisor - at least 3 year operating history. 1 IFC defines an SME as meeting at least two of these three criteria: fewer than 300 employees, less than $15 million in assets, less than $15 million in annual sales. • Borrower is in compliance with all existing loan and financial covenants. Underwriting Criteria: • All investments made by the Sub-Advisor on behalf of the Client shall be trade finance transactions, or participations in trade finance transactions, for small or medium enterprises with the above Borrower Company Characteristics whose principal place of business is located in Botswana, Mauritius, Namibia or South Africa. The Sub-Advisor may also originate or invest in trade finance transactions of substantially the same nature in Ghana, Tanzania, Uganda and Zambia provided the Sub-Advisor has substantial experience in these countries or the Sub-Advisor has had substantial experience with specific borrowers in those countries. • All loan facility commitments made by the Sub-Advisor on behalf of the Client shall mature within 12 months after the closing or annual renewal of the applicable loan facility. • Each draw under a loan facility will be supported by a documented transaction cycle that supports the full rep...
Sample 1

Related to GENERAL INVESTMENT GUIDELINES

  • Investment Guidelines In addition to the information to be provided to the Sub-Advisor under Section 2 hereof, the Trust or the Advisor shall supply the Sub-Advisor with such other information as the Sub-Advisor shall reasonably request concerning the Fund’s investment policies, restrictions, limitations, tax position, liquidity requirements and other information useful in managing the Fund’s investments.

  • Investment Policies The Borrower is in compliance in all material respects with the Investment Policies.

  • Investment Policy Investment objectives, policies and other restrictions for the management of the Investment Assets, including requirements as to diversification, are set forth in Exhibit A to this Agreement. The Sub-Advisor must discharge its duties hereunder in accordance with Exhibit A as revised or supplemented in separate written instructions provided from time to time by the Advisor or the Fund’s Board of Directors.

  • Investment Company Diversification Requirements The Borrower (together with its Subsidiaries to the extent required by the Investment Company Act) will at all times comply with the portfolio diversification and similar requirements set forth in the Investment Company Act applicable to business development companies. The Borrower will at all times, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification and similar requirements set forth in the Code applicable to RICs.

  • Collection Guidelines As long as it is the Servicer, CAC will comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract.

  • Investment Directions The parties agree that the Transfer Agent shall have no investment responsibility or liability for the selection of investments made by Employers or Participants with respect to any SIMPLE IRAs. The Transfer Agent will accept investment directions from Participants regarding their SIMPLE XXX. Employers of the SIMPLE IRAs shall deliver directions to Transfer Agent regarding the investment of the SIMPLE IRAs' assets for which no Participant directions are received or where implementing Participant directions is administratively infeasible.

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the 0000 Xxx) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Guidelines The Corporation shall pay all expenses of operating, maintaining and repairing the automobile and shall procure and maintain automobile liability insurance in respect thereof, with such coverage insuring each Employee for bodily injury and property damage.

  • Additional Investment The Investor commits to invest in additional Class A Shares or American depositary shares representing Class A Shares if and when the Company conducts an IPO, of an amount of no more than the Purchase Price. The Company and the lead underwriters shall have the right to accept or not accept such investment and, if so accepted, to determine whether to accept the investment as part of the IPO or as a private placement. Neither the Company nor any underwriter for the Company’s IPO is under any obligation or commitment to issue any shares to the Investor in the IPO. Any such issuance will be decided by the Company and the lead underwriters for the IPO and must be in compliance with all applicable laws, regulations and rules.

  • INVESTMENT OBJECTIVE, POLICIES AND RESTRICTIONS The Fund will provide the Sub-Adviser with the statement of investment objective, policies and restrictions applicable to the Series as contained in the Series' Prospectus and Statement of Additional Information, all amendments or supplements to the Prospectus and Statement of Additional Information, and any instructions adopted by the Board of Trustees supplemental thereto. The Fund agrees, on an ongoing basis, to notify the Sub-Adviser in writing of each change in the fundamental and non-fundamental investment policies of the Series and will provide the Sub-Adviser with such further information concerning the investment objective, policies, restrictions and such other information applicable thereto as the Sub-Adviser may from time to time reasonably request for performance of its obligations under this Agreement. The Fund retains the right, on written notice to the Sub-Adviser or the Adviser, to modify any such objective, policies or restrictions in accordance with applicable laws, at any time.

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