Investment Constraints Sample Clauses

Investment Constraints. All investments will be made in accordance with all applicable insurance legislation as amended from time to time.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Investment Constraints. The segmented portfolio will consist of fixed-income securities (including private placements) and commercial mortgage loans. The percentages stated in this section of this Schedule I are based on statutory admitted asset value. The fixed-income securities in the segmented portfolio shall have a weighted average quality rating of “A-” or better. No more than 40% of the fixed-income securities will be invested in BBB-rated securities. No more than 10% of the fixed-income securities will be invested in securities with quality ratings below BBB-. Commercial mortgages shall not exceed 20% of the portfolio. Name and size limitations shall be 5% of the portfolio. No investments will be made in real estate (unless acquired through foreclosure of a commercial mortgage), equity related securities, or securities issued by parents, affiliates, or subsidiaries of the Reinsured or the Reinsurer. Schedule I (continued) Liquidity Sufficient liquidity shall be maintained such that plausible negative cash flows can be covered through the ability to sell segmented assets.
Sample 1Sample 2Sample 3See All (5)
Investment Constraints. The Segregated Portfolio will consist of fixed-income securities (including private placements) and commercial mortgage loans. The percentages stated in this section of this Schedule I are based on statutory admitted asset value. The fixed-income securities in the Segregated Portfolio shall have a weighted average quality rating of “A-” or better. No more than 40% of the fixed-income securities will be invested in BBB-rated securities. No more than 10% of the fixed-income securities will be invested in securities with quality ratings below BBB-. Commercial mortgages shall not exceed 20% of the portfolio. Name and size limitations shall be 5% of the portfolio. No investments will be made in real estate (unless acquired through foreclosure of a commercial mortgage), equity related securities, or securities issued by parents, affiliates, or subsidiaries of the Reinsured or the Reinsurer. FUV-011 – May 1, 2007 34 Schedule I (continued) Liquidity Sufficient liquidity shall be maintained such that plausible negative cash flows can be covered through the ability to sell Segregated assets.
Sample 1Sample 2Sample 3
Investment Constraints. The key investment constraint of the Program as applied to a Fund is that it does not invest in equities (although it may gain indirect exposure to equity markets via investments in equity index futures). It may invest long and short using leverage in non-equity markets that Winton believes are sxxxxxxently liquid, and for which there is sufficient data available. The Program is subject to a long-term gross volatility target of 10%.
Sample 1Sample 2
Investment Constraints. The credit is to be used for the acquisition of machinery and productive equipment. The constitution of new enterprises will be supported by buying the first materials for the first three months up to a maximum of the 15% of the entire amount of the investment. Formality of presentation and documentation required: A request has to be submitted to the Local Development Agency of the respective region. The Enterprise has to present the following documentation, if applicable: Dopo l’approvazione Legal documentation • Inscription by Court. Foundations act and Company Status. • Inscription certificate at the tax duty office…. (License) • Certificate on the identification number of taxed person • Declaration by the tax duty office for the fiscal obligation of the last 6 months (Vat + withholding tax) • Declaration for the last 6 months obligatory social insurance registration (payment). • Documents certifying the origin of the property which is going to be pledged. • A certificate issued by the immovable properties registry office that confirms the actual property suggested as a guarantee. • Evaluation act of the property (confirmed by other persons) • Insurance policy of the pledged property. • Life insurance of the borrower. Financial documents • Previous year of business audited financial statements and current interim financial statement • Actual business plan including the business market and the concurrence, the future perspective, table of cash flow, loss and profit statement. • Agreements or contracts with suppliers or consumers. • A certificate issued from the financial institution, which confirms that such property is not pledged. • Bankruptcy Statement Personal data of the authorised persons related to the subject. • Passport or identity document (notarised photocopy) • Other personal certificate with photo (if one of the above mentioned documents is missing).
Sample 1
Investment Constraints. The credit is to be used for the acquisition of machinery and productive equipment as well as to invest in the improvement of tourist services at local and national level, etc. The constitution of new enterprises will be supported by buying the first gross materials for the first three months until to a maximum of the 15% of the whole amount of the investment. The working capital will be financed for a maximum of 15% of the whole amount of the credit request. Formality of presentation and documentation required: A request has to be submitted to the Local Development Agency of the respective region. The Enterprise has to present the following documentation, if applicable: Legal documentation • Inscription by Court. Foundations act and Company Status. • Inscription certificate at the tax duty office…. (License) • Certificate on the identification number of taxed person • Declaration by the tax duty office for the fiscal obligation of the last 6 months (Vat + withholding tax) • Declaration for the last 6 months obligatory social insurance registration (payment). • Documents certifying the origin of the property which is going to be pledged. • A certificate issued by the immovable properties registry office that confirms the actual property suggested as a guarantee. • Evaluation act of the property (confirmed by other persons) • Insurance policy of the pledged property. • Life insurance of the borrower.
Sample 1
Investment Constraints. All investments will be made in accordance with all applicable legislation including all applicable Lloyds rules. No investments shall be made in securities of Fairfax or related parties of Fairfax without the prior approval of the Investment Committee. INDIVIDUAL INVESTMENT LIMITS Any combination of investments in any one corporate issuer will be limited to a maximum of 5% of admitted assets. Exposure beyond 5% will require approval of the Investment Committee. QUALITY CONSTRAINTS The Investment Manager may invest in the permitted investment categories listed in the Investment Objectives and Policy Statement subject to the following quality constraints: Investments in money market instruments (less than or equal to 1 year term) will be limited to those included on the list approved by the Company. This list will include money market instruments of the U.S. Treasury, Agencies of the U.S. government, and as a minimum commercial paper rated A1 or higher by Moodx'x xxx rated P1 or higher by Standard & Poor's. Investments in bonds and preferreds will be limited by quality tier as follows: LIMITS AS A % OF THE FIXED INCOME PORTFOLIO BOND RATING % OF TOTAL MIN./MAX. ----------- ---------- --------- A or better 65% Min. BBB 35% Max. BB,B 10% Max. C,D 0% The above limits are subject to adjustment to conform with applicable regulatory requirements. Limits are determined on a cost basis and include convertible securities. Downgrades will be taken into account when making new investments but will not necessarily result in the sale of existing positions. Securities un-rated by the public rating agencies must be rated by the Investment Manager and included as part of the categories above for the purposes of determining overall exposure by quality tier. Any exceptions to the above must be approved by the Investment Committee. PROHIBITED INVESTMENTS No loans will be made in any of the investment portfolios. No Real Estate will be purchased without Investment Committee approval. No Mortgages on real estate will be purchased without Investment Committee approval. The exceptions to this are obligations issued by an agency of the U.S. Government, or by U.S. domiciled corporations that are issued as part of a registered public offering that also meet the minimum quality tier requirements. FOREIGN INVESTMENT LIMITS Foreign Securities may be purchased in compliance with established regulatory guidelines and with the policy on foreign exchange risk outlined herein. Foreign inves...
Sample 1
AutoNDA by SimpleDocs
Investment Constraints. All investments will be made in accordance with all applicable legislation including applicable Lloyd’s rules.
Sample 1
Investment Constraints a. Asset Allocation and Diversification Portfolio assets will be invested across a range of asset classes to achieve diversification and reduce overall portfolio risk. New asset classes and strategies will be presented to the Investment Committee of United Fire Group’s Board of Directors (“Investment Committee”) for approval before they are implemented or added to the Portfolio. The Portfolio will be composed of fixed income assets, including publicly traded debt securities such as corporate and municipal bonds, mortgage-backed securities and structured products, as well as sovereign and governmental agency debt. Portfolio assets will generally be invested across these asset class categories in accordance with the guidelines given below: Asset Class Sub-Asset Class Min. Allocation (market value) Max. Allocation (market value) Fixed Income Domestic Investment Grade 90% 100% Domestic Non-Investment Grade - 10% Non-U.S. - 5%
Sample 1

Related to Investment Constraints

  • Investment Subadvisory Services Subject to the supervision of the applicable Company’s Board of Directors (“Board”) and the Adviser, the Subadviser shall act as the investment subadviser and shall supervise and direct the investments of each Fund specified by the Adviser from time to time in accordance with the Fund’s investment objective(s), policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to the Subadviser. The Subadviser shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of each Fund allocated to the Subadviser in a manner consistent with the Fund’s investment objective(s), policies, and restrictions. In furtherance of this duty, Subadviser, on behalf of each Fund is authorized to:

  • Investment Advisory Services The Adviser undertakes to act as investment adviser of the Portfolio and shall, subject to the supervision of the Fund's Board of Trustees, direct the investments of the Portfolio in accordance with the investment objective, policies and limitations as provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 and rules thereunder, as amended from time to time (the "1940 Act"), and such other limitations as the Portfolio may impose by notice in writing to the Adviser. The Adviser shall also furnish for the use of the Portfolio office space and all necessary office facilities, equipment and personnel for servicing the investments of the Portfolio; and shall pay the salaries and fees of all officers of the Fund, of all Trustees of the Fund who are "interested persons" of the Fund or of the Adviser and of all personnel of the Fund or the Adviser performing services relating to research, statistical and investment activities. The Adviser is authorized, in its discretion and without prior consultation with the Portfolio, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Portfolio. The investment policies and all other actions of the Portfolio are and shall at all times be subject to the control and direction of the Fund's Board of Trustees.

  • Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor.

  • Information Concerning Financial Condition of the Credit Parties No Party has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of nonpayment of the Original First Lien Obligations, the Original Second Lien Obligations or any Additional Obligations, as applicable. Each Party hereby agrees that no Party shall have any duty to advise any other Party of information known to it regarding such condition or any such circumstances. In the event any Party, in its sole discretion, undertakes at any time or from time to time to provide any information to any other Party to this Agreement, it shall be under no obligation (a) to provide any such information to such other Party or any other Party on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, or (c) to disclose any other information.

  • Entire Agreement; Construction This Agreement, including the Exhibits and Schedules, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments, course of dealings and writings with respect to such subject matter. In the event of any inconsistency between this Agreement and any Schedule hereto, the Schedule shall prevail. In the event of any conflict between this Agreement and the Tax Matters Agreement, the terms and conditions of the Tax Matters Agreement shall govern.

  • Access to Information Concerning Properties and Records During the period commencing on the date hereof and ending on the earlier of (i) the Closing Date and (ii) the date on which this Agreement is terminated pursuant to Section 9.1 hereof, each of the Company and Parent shall, and each shall cause each of its Subsidiaries to, upon reasonable notice, afford the other party, and its respective counsel, accountants, consultants and other authorized representatives, access during normal business hours to its and its Subsidiaries' employees, properties, books and records in order that they may have the opportunity to make such investigations as they shall desire of its and its Subsidiaries' affairs; such investigation shall not, however, affect the representations and warranties made by the Company or Parent in this Agreement. The Company shall furnish promptly to Parent and Merger Sub and Parent and Merger Sub shall furnish promptly to the Company (x) a copy of each form, report, schedule, statement, registration statement and other document filed by it or its Subsidiaries during such period pursuant to the requirements of Federal, state or foreign securities laws and (y) all other information concerning its or its Subsidiaries' business, properties and personnel as Parent, Merger Sub or the Company may reasonably request. Each of the Company and Parent agrees to cause its officers and employees to furnish such additional financial and operating data and other information and respond to such inquiries as the other party shall from time to time reasonably request.

  • Investment; Access to Data The undersigned has carefully reviewed and understands the risks of, and other considerations relating to, a purchase of the Common Stock and an investment in the Company. The undersigned has been furnished materials relating to the Company, the private placement of the Common Stock or anything else that it has requested and has been afforded the opportunity to ask questions and receive answers concerning the terms and conditions of the offering and obtain any additional information which the Company possesses or can acquire without unreasonable effort or expense. Representatives of the Company have answered all inquiries that the undersigned has made of them concerning the Company, or any other matters relating to the formation and operation of the Company and the offering and sale of the Common Stock. The undersigned has not been furnished any offering literature other than the materials that the Company may have provided at the request of the undersigned; and the undersigned has relied only on such information furnished or made available to the undersigned by the Company as described in this Section. The undersigned is acquiring the Shares for investment for the undersigned's own account, not as a nominee or agent and not with the view to, or for resale in connection with, any distribution thereof. The undersigned acknowledges that the Company is a start-up company with no current operations, assets or operating history, which may possibly cause a loss of Purchaser’s entire investment in the Company.

Time is Money Join Law Insider Premium to draft better contracts faster.