Investment Accounts. The investment account of each of the entities identified in Schedule A to this Agreement (each an “Investment Account”) shall consist of cash and securities in an amount equal to at least $30,000,000 (the “Minimum Account Amount”), or such other amount as may be agreed to by the Adviser, initially furnished by the Client for investment pursuant to this Agreement, as well as all other assets which become part of each Investment Account as a result of trading therein or additions thereto, except for amounts withdrawn there from and paid to the Client. Each Client may make additions to the Investment Account in amounts exceeding $100,000, or in such other amount as may be agreed to by the Adviser, provided that the Adviser shall have received prompt written notice of such additions. Each Client may make withdrawals from its’ Investment Account in such amounts as it shall determine upon not less than 30 days prior written notice thereof to the Adviser and provided that the withdrawal shall not cause the assets in the Investment Account to fall below the Minimum Account Amount, unless otherwise agreed to by the Adviser.
Appears in 5 contracts
Samples: Investment Management Agreement (OneBeacon Insurance Group, Ltd.), Investment Management Agreement (White Mountains Insurance Group LTD), Investment Management Agreement (OneBeacon Insurance Group, Ltd.)
Investment Accounts. The investment account of each of the entities identified in Schedule A to this Agreement (each an “"Investment Account”") shall consist of cash and securities in an amount equal to at least $30,000,000 (the “"Minimum Account Amount”"), or such other amount as may be agreed to by the Adviser, initially furnished by the Client for investment pursuant to this Agreement, as well as all other assets which become part of each Investment Account as a result of trading therein or additions thereto, except for amounts withdrawn there from and paid to the Client. Each Client may make additions to the Investment Account in amounts exceeding $100,000, or in such other amount as may be agreed to by the Adviser, provided that the Adviser shall have received prompt written notice of such additions. Each Client may make withdrawals from its’ its Investment Account in such amounts as it shall determine upon not less than 30 days prior written notice thereof to the Adviser and provided that the withdrawal shall not cause the assets in the Investment Account to fall below the Minimum Account Amount, unless otherwise agreed to by the Adviser.
Appears in 2 contracts
Samples: Investment Management Agreement (White Mountains Insurance Group LTD), Investment Management Agreement (OneBeacon Insurance Group, Ltd.)
Investment Accounts. The investment account of each of the entities identified in Schedule A to this Agreement Client (each an “Investment Account”) shall consist of cash and securities in an amount equal to at least $30,000,000 50,000,000 (the “Minimum Account Amount”), or such other amount as may be agreed to by the Adviser, initially furnished by the Client for investment pursuant to this Agreement, as well as all other assets which become part of each Investment Account as a result of trading therein or additions thereto, except for amounts withdrawn there from therefrom and paid to the Client. Each Client may make additions to the Investment Account in amounts exceeding $100,000, or in such other amount as may be agreed to by the Adviser, ; provided that the Adviser shall have received prompt written notice of such additions. Each Client may make withdrawals from its’ its Investment Account in such amounts as it shall determine upon not less than 30 days prior written notice thereof to the Adviser and provided that the withdrawal shall not cause the assets in the Investment Account to fall below the Minimum Account Amount, unless otherwise agreed to by the Adviser.
Appears in 2 contracts
Samples: Investment Management Agreement (Symetra Financial CORP), Investment Management Agreement (Symetra Financial CORP)