Investment Policies and Restrictions. (a) The Borrower, without prior written notice to the Agent of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borrower, the Agent shall notify the Borrower of such decision; thereafter, if such proposed change is implemented, the Banks may terminate their Commitments to lend to the Borrower, and all Loans outstanding to the Borrower shall become immediately due and payable.
(b) The Borrower's investment in any assets shall be made in accordance with its investment policies and restrictions set forth in its most recent prospectus and statement of additional information other than any investment which shall constitute a de minimis violation of such policies arising in the ordinary course of business which the Borrower is in the process of correcting.
Investment Policies and Restrictions. At all times be in compliance in all material respects with Investment Policies and Restrictions and maintain necessary liquidity to meet its obligations to fund future advances or other extensions of credit under the Loan Documents relating to its Loan Assets.
Investment Policies and Restrictions. The provisions of the Fund’s declaration of trust and bylaws and the investment objectives, policies and restrictions described in the Prospectus and the SAI are not inconsistent with the requirements of the 1940 Act and the applicable rules and regulations of the Commission promulgated thereunder.
Investment Policies and Restrictions. Without the prior written consent (which consent shall not be unreasonably withheld or delayed) of the Program Agent and each Direct Lender (i) unless required by a change in Applicable Law (including, without limitation, the Investment Company Act and the Securities Act) make or permit any material change in the Investment Policies and Restrictions, or (ii) make or permit any change in any Industry Class used to compute the Borrowing Base.
Investment Policies and Restrictions. At all times (i) be in compliance in all material respects with the Investment Policies and Restrictions, (ii) maintain necessary liquidity to meet its obligations and (iii) cause all Derivatives Transactions entered into by the Borrower to be in compliance with the applicable criteria therefor established by S&P.
Investment Policies and Restrictions. (a) The Borrower, without prior written notice to the Agent of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Majority Banks, such proposed change will result in a change in the Banks' analysis of the creditworthiness of the Borrower, the Agent shall notify the Borrower of such decision; thereafter, if such proposed change is implemented, the Banks may terminate their Commitments to lend to the Borrower, and all Loans outstanding to the Borrower shall become immediately due and payable.
Investment Policies and Restrictions. Since the date of the Borrower’s most recent annual Form 10-K filing, there have been no changes in the Investment Policies and Restrictions. To date, the Borrower’s investments have been in compliance with the Investment Policies and Restrictions in all material respects at all times.
Investment Policies and Restrictions. The General Partner shall follow the following investment policies and restrictions in implementing the investment objectives and strategies of the Partnership:
(a) No more than 15% of the Partnership's aggregate net assets will be invested at cost in any single issuer, other than government securities or any instruments thereof or index securities.
(b) The Partnership may use financial leverage on its investment to seek to increase the rate of return on its investments. Margin used will be in accordance with the rules of The Investment Industry Regulatory Organization of Canada (IIROC).
(c) In order to reduce currency risks where the Partnership invests in significant transactions denominated in currencies other than Canadian dollars, the Partnership may hedge such currency risks.
(d) The Partnership will not make or retain an investment in another partnership if any interest in that partnership is a "tax shelter investment" for purposes of the Income Tax Act (Canada).
(e) If the Partnership is a “mutual fund” as defined in the Securities Act (Ontario), the Partnership will not knowingly make an investment in any issuer in which the Partnership, alone or together with one or more related mutual funds, owns beneficially, either individually or together or directly or indirectly, voting securities to which are attached more than 20% of the voting rights attached to all the voting securities of the issuer (in this clause, a “substantial investment”), provided however that the General Partner in its discretion may from time to time, consistent with common practice in the venture capital industry, make a substantial investment in an issuer that is not a reporting issuer if each of the following conditions is met:
(i) the General Partner determines in good faith, having regard to the best interests of the Partnership and its Limited Partners, that:
(A) the investment is consistent with the investment objectives, strategies, policies and restrictions set out in this Agreement, and has the potential for significant positive investment return that outweighs any risk of reduced liquidity resulting from the size of the substantial investment; and
(B) the making of a substantial investment in the issuer will help the Partnership maintain greater influence or control over the management and direction of the issuer (including the right to nominate one or more directors of the issuer, which individuals may be related persons of the Partnership and the General Partner), ...
Investment Policies and Restrictions. (a) The Fund, without prior written notice to the Bank of at least 30 days, shall not rescind, amend or modify any investment policy described as "fundamental" in any prospectus or any registration statement(s) that may be on file with the Securities and Exchange Commission with respect thereto (collectively herein, a "proposed change"). If, in the reasonable judgment of the Bank, such proposed change will result in a change in the Bank's analysis of the creditworthiness of the Fund, the Bank shall notify the Fund of such decision; thereafter, if such proposed change is implemented with respect to the Fund, the Loan shall become immediately due and payable.
(b) The Fund's investment in any of its assets shall be made in accordance with its investment policies and restrictions set forth in its most recent prospectus.
Investment Policies and Restrictions. Client agrees to advise CCM in writing of any investment policies or restrictions that Client establishes for the Account. CCM’s investment decisions, though otherwise made in CCM’s sole discretion, shall be made in accordance with any such policies and restrictions, which may be amended from time to time. Client agrees to notify CCM promptly, in writing, if Client deems any investment decisions CCM makes for the Account to be inconsistent with such policies and restrictions. Initial policies and restrictions for the Account are identified on the attached CCM Client Investment Parameters statement.
