Interval Funds Sample Clauses

Interval Funds. Distributor and Dealer desire that Dealer participate in the distribution of shares of Interval Funds (for purposes of this Appendix A, “Shares”) in accordance with the following provisions:
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Interval Funds. The parties agree that Appendix A hereto shall govern the distribution of shares of Interval Funds under the Agreement. Very truly yours, By: Lord, Xxxxxx & Co. LLC, its Managing Member By: By: Xxxxxxxx X. Xxxxxx Name: Member Date: (Authorized Person) Date: Address:
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Interval Funds. Each Fund designated as an "Interval Fund" on Schedule B shall receive Services, including Services under this Section 3, in accordance with Schedule I.
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Interval Funds. Each Fund designated as an “Interval Fund” on Schedule B shall receive Services under this Section 3 in accordance with Schedule E, upon and subject to the terms and conditions set forth therein.” 2. The Agreement is hereby amended as of the Effective Date by deleting Schedule B in its entirety and replacing it with the Schedule B as attached hereto. 3. The Agreement is hereby amended as of the Effective Date by adding Schedule E as attached hereto.
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Interval Funds. An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund. Mutual funds are made up of a pool of funds collected from many investors for the purpose of investing in securities such as stock, bonds, money market instruments, and similar assets. A mutual fund is operated by a money manager who invests the fund’s capital to attempt to produce capital gains and income for the fund’s investors. Structure and maintenance of a mutual fund’s portfolio is matched to the investment objectives stated in its prospectus. Mutual funds have various different share classes, each associated with different sales charges, 12b-1 fees and operating expense structures. In choosing a mutual fund’s share class, time horizon should be considered, among other criteria. Mutual Funds may be offered in either “open ended” or “closed-ended” varieties. Mutual Funds are sold by prospectus and can be subject to sales charges in the form of front-end sales loads, annual expenses (12b-1 fees) or deferred sales charges imposed upon redemption. Mutual funds typically offer volume and aggregation discounts for purchasing positions in products sponsored by one fund family. Investors can also become eligible for discounts by submitting letters of intent and agreeing to purchase a specified amount sponsored by one fund family over time. A unit investment trust is an investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable “units” to investors for a specific period of time. UITs are designed to provide capital appreciation and/or dividend income. A UIT may be either a regulated investment corporation (corporation in which the investors are joint owners) or grantor trust (grants investors proportional ownership in the UIT’s underlying securities). UITs are sold by prospectus and usually carry front-end sales charges. UITs generally offer discounts on sales charges including volume discounts for larger or aggregated purchases, and “roll discounts” for using proceeds from one UIT and rolling them into another UIT within a specified period of time.
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Interval Funds. Product Minimum Fee: $25,000 per year per product for 1st CUSIP in each Product $5,000 per year for each additional CUSIP within same Product
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Related to Interval Funds

  • Income Funds Rowe Price Multi-Sector Account Portfolios, Inc. on behalf of:

  • Pre-Funding Account (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein. (b) The Securities Administrator will invest funds deposited in the Pre-Funding Account only as directed in writing by the Depositor (and such amounts shall not be invested if no direction is received by Securities Administrator) in Permitted Investments with a maturity date (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Securities Administrator or an Affiliate manages or advises such investment, (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Securities Administrator or an Affiliate manages or advises such investment or (iii) within one (1) Business Day of the Securities Administrator’s receipt thereof. For federal income tax purposes, the Depositor shall be the owner of the Pre-Funding Account and shall report all items of income, deduction, gain or loss arising therefrom. All income and gain realized from investment of funds deposited in the Pre-Funding Account shall be transferred to the Depositor. The Depositor shall deposit in the Pre-Funding Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss without any right of reimbursement therefor. At no time will the Pre-Funding Account be an asset of any REMIC created hereunder. (c) Amounts on deposit in the Pre-Funding Account shall be withdrawn by the Securities Administrator as follows: (i) On any Subsequent Transfer Date, the Securities Administrator shall withdraw from the Pre-Funding Account an amount equal to 100% of the Principal Balances of the related Subsequent Loans as of the Subsequent Cut-Off Date, transferred and assigned to the Trustee for deposit in the Trust Fund on such Subsequent Transfer Date and pay such amount to or upon the order of the Depositor upon satisfaction of the conditions set forth in Section 2.6 with respect to such transfer and assignment; (ii) If the amount on deposit in the Pre-Funding Account (exclusive of any investment income therein) has not been reduced to zero during the Pre-Funding Period, on the Distribution Date immediately following the termination of the Pre-Funding Period, the Securities Administrator shall deposit into the Distribution Account any amounts remaining in the Pre-Funding Account (exclusive of any investment income therein) for distribution in accordance with the terms hereof; (iii) To withdraw any amount not required to be deposited in the Pre-Funding Account or deposited therein in error; and (iv) To clear and terminate the Pre-Funding Account upon the earlier to occur of (A) the Distribution Date immediately following the end of the Pre-Funding Period and (B) the termination of this Agreement, with any amounts remaining on deposit therein being paid to the Holders of the Class A Certificates then entitled to distributions in respect of principal. Withdrawals pursuant to clauses (i), (ii) and (iii) shall be treated as contributions of cash to REMIC I on the date of withdrawal.

  • Company Funds All funds of the Company shall be deposited in its name, or in such name as may be designated by the Board, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Board. The funds of the Company shall not be commingled with the funds of any other Person. All withdrawals of such deposits or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such Officer or Officers as the Board may designate.