Investment Committee Sample Clauses
Investment Committee. The board of directors of the insurance company shall appoint an investment committee of the investment manager as the investment committee of the insurance company. The investment committee shall meet at least once each quarter to review the investments and loans of the insurance company.
Investment Committee. The Primary Sponsor may, by action in writing certified by notice to the Trustee, appoint an Investment Committee. The Primary Sponsor shall have the right to remove any person on the Investment Committee at any time by notice in writing to such person. A person on the Investment Committee may resign at any time by written notice of resignation to the Primary Sponsor. Upon such removal or resignation, or in the event of the death of a person on the Investment Committee, the Primary Sponsor may appoint a successor. Until a successor has been appointed, the remaining persons on the Investment Committee may continue to act as the Investment Committee.
Investment Committee. (a) The Partnership shall establish a committee (the “Investment Committee”), which shall be subordinate to the General Partner. The Investment Committee, shall be responsible for making all decisions and approvals, with respect to (i) potential Investments directly or indirectly by the Partnership in excess of $25 million (based on purchase price and estimated rehabilitation budget but excluding loan and closing costs), (ii) prior to the execution of definitive agreements related to any “build-to-rent” projects, (iii) any potential Investments directly or indirectly by the Partnership in geographic markets that the Partnership and its Subsidiaries do not own and operate one or more Properties as of the date of this Agreement, (iv) changes to previously approved "build-to-rent" budgets of ten percent (10%) or more, (v) hiring of third-party property managers and (vi) other matters as determined by the Board of Directors from time to time (any such determination, an “Investment Decision”). Manager, pursuant to the Management Agreement, may approve (i) any single home acquisition, (ii) potential Investments by the Partnership less than $25 million (based on purchase price and estimated rehabilitation budget but excluding loan and closing costs) and (iii) potential Investments by the Partnership for “build-to-rent” projects previously approved unless the budgeted land purchase and construction costs exceed the originally approved budget by ten percent (10%). The Investment Committee shall be initially comprised of four members, and the members of the Investment Committee shall initially be Xxxx XxXxxxxx, Xxxxx Xxxxx, Xxxxx Xxxxxxxx and Xxxxxxx Xxxxx. The members of the Investment Committee shall be designated as follows:
(1) two of members shall be designated from time to time by the Company, which designees may include individuals employed by the Adviser (the “Company Designees”); and
(2) two of the members shall be designated by the Manager so long as the Management Agreement remains in full force and effect (the “Management Designees”). In the event the Management Agreement is terminated pursuant to its terms, the Management Designees shall be designated by the Limited Partners holding a majority of the Percentage Interests of the Limited Partners.
(b) If at any time the Company Designee ceases to serve on the Investment Committee (whether due to resignation, removal, disqualification or otherwise), the Company shall be responsible for the designation of a...
Investment Committee. The function of the Committee shall be to advise and assist the Plan Administrator in the day-to-day discharge of its duties hereunder. The Committee shall consist of at least five (5), but no more than ten (10), persons appointed by the Board of Directors. The Plan Administrator shall attend all meetings of the Committee. A representative of the Office of the General Counsel shall attend all meetings of the Committee and shall act as the secretary of the Committee ex officio to record minutes of all action taken at any such meeting. Each member of the Committee shall sit at the pleasure of the Board of Directors and may be removed at any time with or without cause.
Investment Committee. Notwithstanding anything to the contrary herein, the duties and responsibilities of Manager set forth herein are subject in all respects to the authority of the investment committee established by Owner (the “Investment Committee”) pursuant to the terms set forth in Section 7.12 of the Amended and Restated Agreement of Limited Partnership of the OP (the “LPA”).
Investment Committee. The Investment Committee is comprised of the following individuals: Xxxxxxx X. (“Xxxxx”) Xxxxxxx, Xxxxx Xxxx, Xxxxx Davamanirajan, Xxx Xxxxxx, Xxxxx Xxxxxxxxx, Xxxxxx Xxxxxxxx, and Xxxxx Xxx. Xxxxx Xxxxxxx serves as Chairman of the Investment Committee (the “Chairman”).
Investment Committee. The committee provided for in Section 8.1 which shall have the responsibilities specified in Section 8.8.
Investment Committee. (a) Subject to Section 4.3(b) hereof:
(i) the Members shall appoint an Investment Committee initially comprised of four (4) Investment Committee Members. Each Member shall have the right to elect, designate or appoint two (2) Investment Committee Members and their respective successors; and
(ii) the authorized number of Investment Committee Members may be increased or decreased by the Members at any time by mutual agreement, upon notice to all Investment Committee Members and Board Members, but the authorized number of Investment Committee Members may not be decreased to below two (2) and shall be proportionate to each Member. Each Investment Committee Member elected, designated or appointed by a Member shall hold office until a successor is elected and qualified or until such Investment Committee Member’s earlier death, resignation, expulsion or removal by the Member that appointed such Investment Committee Member.
(b) An Investment Committee Member need not be a Board Member, but shall have the skill and experience necessary to act as a member of the Investment Committee.
(c) Matters requiring Investment Committee Approval are set forth in further detail in Exhibit G hereto, which is incorporated by reference herein.
Investment Committee. Without prejudice to clause 5.3.1 of the Management Agreement, no investment shall be made in a VCF Portfolio Security unless the Investment Committee has first approved such investment.
Investment Committee. (a) The Manager shall have an investment committee (the “Investment Committee”) consisting of no fewer than three (3) members. The initial members of the Investment Committee shall be as follows:
(i) Xxxx X. Xxxxxxxx;
(ii) Xxxxxxx Xxxxxxx
(iii) Xxxxxxxxxxx X. Xxxxxxx;
(iv) Xxxx Xxxxxx; and