Investment Operations Clause Samples
The Investment Operations clause defines the procedures and guidelines governing how investments are managed and executed under an agreement. It typically outlines the roles and responsibilities of the parties involved, the types of permissible investments, and the processes for making, monitoring, and reporting on investments. For example, it may specify who has authority to approve transactions or how investment decisions are documented. The core function of this clause is to ensure that investment activities are conducted in an organized, transparent, and compliant manner, thereby reducing operational risk and promoting accountability.
Investment Operations. The Acquired Fund's investment operations from inception to the date of this Agreement have been in compliance in all material respects with the investment policies and investment restrictions set forth in its prospectus or prospectuses and statement or statements of additional information as in effect from time to time, except as previously disclosed in writing to PIF.
Investment Operations. Columbia WAM will maintain the investment philosophy and research that the Chicago-based management deems appropriate; its research activities will be separate and dedicated solely to Columbia WAM and it will maintain its own domestic and international trading activities. Columbia WAM will use its best efforts to maintain information systems that will provide timely and uninterrupted operating information and data consistent with all regulatory and compliance requirements. The Chicago-based management will have the responsibility and considerable latitude to recruit and compensate (on a competitive basis) investment management personnel and to control travel budgets for analysts consistent with its operational and strategic plans while subject to the approval of the management of Ameriprise.
Investment Operations. Receipt, review, evaluation of investment opportunities and ways and means to utilize capital resources, communications with investment, merchant and commercial bankers, broker-dealers, investment advisors, portfolio managers, economists and other representatives of investment and financial institutions and funds; negotiation, structuring and implementation of investment decisions and the preparation and execution and delivery of agreements therefor.
Investment Operations. Columbia WAM will maintain the investment philosophy and research that the Chicago-based management deems appropriate; its research activities will be separate and dedicated solely to Columbia WAM and it will maintain its own domestic and international trading activities. Columbia WAM will use its best efforts to maintain information systems that will provide timely and uninterrupted operating information and data consistent with all regulatory and compliance requirements. The Chicago-based management will have the responsibility and considerable latitude to recruit and compensate (on a competitive basis) investment management personnel and to control travel budgets for analysts consistent with its operational and strategic plans while subject to the approval of the management of CMG.
Investment Operations. At the request of the Advisor, the Sub-Advisor will also, subject to the oversight and supervision of the Advisor and the direction and control of the Trust's Board of Trustees, provide to the Advisor or the Trust any of the facilities and equipment and perform any of the services described in Section 3 of the Advisory Agreement. In addition, the Sub-Advisor will keep the Trust and the Advisor informed of developments materially affecting the Trust and shall, on its own initiative, furnish to the Trust from time to time whatever information the Sub-Advisor believes appropriate for this purpose. The Sub-Advisor will periodically communicate to the Advisor, at such times as the Advisor may direct, information concerning the purchase and sale of securities for the Trust, including: (a) the name of the issuer, (b) the amount of the purchase or sale, (c) the name of the broker or dealer, if any, through which the purchase or sale is effected, (d) the CUSIP number of the instrument, if any, and (e) such other information as the Advisor may reasonably require for purposes of fulfilling its obligations to the Trust under the Advisory Agreement. The Sub-Advisor will provide the services rendered by it under this Agreement in accordance with the Trust's investment objectives, policies and restrictions (as currently in effect and as they may be amended or supplemented from time to time) as stated in the Trust's Prospectus and Statement of Additional Information and the resolutions of the Trust's Board of Trustees.
Investment Operations. 1. On December 22, 2006, the Trust filed Forms 12b-25 with respect to the Form N-CSR and Form N-SAR for the fiscal year ended October 31, 2006 of its Tax-Exempt Bond Fund series (the "Fund"). On December 28, 2006, at the request of the staff of the SEC, the Trust filed a request for a 15-day extension of the mailing requirement of Rule 30e-1 pursuant to Rule 30e-1(e). Copies of each of these filings have been provided to PIF. While the Fund's investment policies and restrictions expressly permit investments in inverse floating rate securities, they prevent the Fund from borrowing money for investment purposes, although the Fund may borrow up to 5% of its net assets for temporary or emergency purposes. The Fund's Board of Trustees is reviewing these transactions in light of the Fund's investment policies and restrictions to determine what, if any, further action may be appropriate with respect to these transactions. The effects, if any, of the resolution of this matter on the Fund's financial statements are not presently determinable.
Investment Operations. The Acquiring Fund's investment operations from inception to the date of this Agreement have been in compliance in all material respects with the investment policies and investment restrictions set forth in its prospectus or prospectuses and statement or statements of additional information as in effect from time to time, except as previously disclosed in writing to ▇▇ ▇. (n) Authority Relative to this Agreement. PIF, on behalf of the Acquiring Fund, has the power to enter into this Agreement and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by Board of Directors of PIF, and this Agreement constitutes the valid and binding obligation of PIF and the Acquiring Fund, enforceable in accordance with its terms except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights generally and other equitable principles.
Investment Operations. The Investment Committee of the Board of Directors authorizes the investments made by the Company.
Investment Operations. CWAM will maintain the investment philosophy and research that the Chicago-based management deems appropriate; its research activities will be separate and dedicated solely to CWAM and it will maintain its own domestic and international trading activities. CWAM will use its best efforts to maintain information systems that will provide timely and uninterrupted operating information and data consistent with all regulatory and compliance requirements. The Chicago-based management will have the responsibility and considerable latitude to recruit and compensate (on a competitive basis) investment management personnel and to control travel budgets for analysts consistent with its operational and strategic plans while subject to the approval of the management of Ameriprise.