Initial Fund Clause Samples
The "Initial Fund" clause defines the amount of money or capital that must be provided at the outset of an agreement, typically by one or more parties, to establish a financial base for the project or entity. This clause specifies the required sum, the timing of the contribution, and the party responsible for providing the funds, such as an investor depositing a set amount into a joint venture account before operations begin. Its core practical function is to ensure that sufficient resources are available from the start, thereby enabling the project or entity to commence activities and meet initial obligations without delay.
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Initial Fund. The Trust hereby appoints the Adviser to act as manager and investment adviser to the Initial Fund for the period and on the terms herein set forth. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.
Initial Fund. The Trust appoints the Adviser to act as manager and investment adviser to Universal Capital Growth Fund (the "Fund"), a series of the Trust, for the period and on the terms herein set forth. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.
Initial Fund a minimum of Tk. 100,000.00 (One Hundred Thousand) only.
Initial Fund. The Investment Company hereby appoints the Adviser to act as investment adviser to the Fund for the period and on the terms set forth in this Agreement. The Adviser accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided. The Investment Company warrants that the Adviser has been duly appointed to act hereunder.
Initial Fund a minimum of Tk. 100,000.00 (One Hundred Thousand) only.