Investment Scope Sample Clauses

Investment Scope. Investment of enterprise annuity funds shall be strictly subject to restrictions for investment scope and investment percentages set forth in the Administrative Measures for Enterprise Annuity Funds (Order No. 11 of the Ministry of Human Resources and Social Security), Notice of the Ministry of Human Resources and Social Security on Adjusting the Investment Scope of Enterprise Annuity Funds (RenSheBuFa[2020] No. 95) and other applicable regulations. Within the term of the supplementary terms for the investment management, the investment policy shall be adjusted accordingly as required by regulatory bodies or the Entrusters in case of changes in requirements of regulatory bodies for the investment scope and percentages or individualized requirements of the Entrusters for plan management. The Trustees shall notify their investment managers of the adjusted investment policy. Liquid assets [5%, 100%] Including current deposits of less than one year (inclusive), central bank bills, interbank deposit receipts, government bonds with maturity less than one year (inclusive), policy or development bank bonds with maturity less than one year (inclusive), bond repurchase, money market funds, currency based pension products. Liquidation provisions, securities clearing funds and securities subscription funds in the primary market are deemed as liquid assets Fixed income [0, 135%] Including, among others, term deposits longer than one year, standard debt assets, trust products, debt investment schemes, bond funds, fixed income pension products and hybrid pension products. Those included in the category of liquid assets are not repetitively treated as fixed income assets. Standard debt assets, either publicly offered or privately offered, include government bonds, central bank bills, interbank deposit receipts, bonds of policy or development banks, as well as financial bonds, corporate bonds, debentures, convertible bonds, exchangeable bonds, (ultra) short-term financing bonds, medium-term bills, private directional debt financing instruments, credit asset backed securities, asset backed bills, and asset backed securities listed and traded on stock exchanges Equity [0, 40%] Including shares, equity funds, hybrid funds, equity based pension products (including equity specific pension products) 3.1 Combined percentage of investment in current deposits of less than one year (inclusive), central bank bills, interbank deposit receipts, government bonds with maturity less than ...
Sample 1
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Investment Scope. Strictly observing restrictions for investment scope and investment percentages set forth in the Administrative Measures for Enterprise Annuity Funds (Order No. 11 of the Ministry of Human Resources and Social Security), Notice on Expanding the Investment Scope of Enterprise Annuity Funds (RenSheBuFa[2013] No. 23) and other applicable regulations, the investment scope and objects are limited to financial instruments with good liquidity, including shares and bonds issued and listed according to applicable laws in China and other financial products suitable for investment according to applicable laws, regulations or permitted by China Securities Regulatory Commission. Within the term of the Agreement, the investment policy shall be adjusted accordingly as required by regulatory bodies in case of changes in requirements of regulatory bodies for the investment scope and percentages. Asset Class Investment Percentage Description of investment types Money markets [5%, 100%] Including current deposits, central bank bills, term deposits of less than one year (inclusive), bond repurchase, money market funds, currency based pension products, and liquidation provisions, securities clearing funds and securities subscription funds in the primary market are deemed as liquid assets Fixed income [0, 135%] Including term deposits longer than one year, negotiated deposits, government bonds, financial bonds, debentures, convertible bonds (including detachable convertible bonds), short-term financing bonds, medium-term bills, universal insurance products, as well as wealth management products issued by commercial banks, trust products, infrastructure debt investment plans, specific asset management plans, bond funds, investment linked insurance products (equity investment percentage not higher than 30%), fixed income pension products and hybrid pension products Equity [0, 30%] Including shares, equity funds, hybrid funds, investment linked insurance products (equity investment percentage higher than 30%), equity based pension products 3.1 Combined percentage of investment in current deposits, central bank bills, term deposits of less than one year (inclusive), bond repurchase, money market funds and currency based pension products shall not be less than 5% of the net value of entrusted assets in the investment portfolio; and liquidation provisions, securities clearing funds and securities subscription funds in the primary market are deemed as liquid assets. 3.2 Combined perce...
Sample 1
Investment Scope. 7.1.1 The Partnership acquires 25% of the equity interests of the target company (hereinafter referred to as the “Target Equity”) from iKang Guobin Health Checkup Management Group Co., Ltd. (hereinafter referred to as “iKang Health”). 7.1.2 With the written consent of all Partners, the Partnership may invest in other projects in the healthcare sector.
Sample 1
Investment Scope. The investment scope of the Merger Fund is to establish New Store Companies or purchase equity interest in the Existing Store Companies, operate and manage the Store Assets, and participate the building of the big health industry. The idle funds may be used to purchase bank deposits, wealth management products, monetary fund or other low risk fixed income products. The number of New Store Companies or the purchased Existing Store Companies for each investment shall not be less than five (5), subject to the decision made by the investment decision-making committee according to the procedure specified herein and in the Partnership Agreement.
Sample 1
Investment Scope. The Manager shall manage and invest the Entrusted Assets in accordance with the instructions of the Assets Trustor. The investment scope of the Entrusted Assets shall be limited to various investment products including the beneficiary rights to limited partnership, rights to trust income, asset management plans of securities companies and fund accounts. The term of the Asset Management Agreement is one year from the day of entrusting the Entrusted Assets (i.e. 22 August 2013 to 21 August 2014), subject to early termination in accordance with the relevant laws of the PRC, in accordance with the terms of the Asset Management Agreement, by request of the relevant regulatory bodies or by mutual agreement. The daily management fee to be charged by the Manager shall be calculated as follows: Daily management fee = (total Entrusted Assets) x (management fee rate) x (total number of days of investment and management of the Entrusted Assets)/360 The management fee rate is 0.2% per annum. The management fee shall be a one-off payment deducting from the Entrusted Assets and is payable within five business days from the day of entrusting the Entrusted Assets. The daily custodian fee to be charged by the Custodian shall be calculated as follows: Daily custodian fee = (total Entrusted Assets) x (custodian fee rate) x (total number of days of entrustment of the Entrusted Assets)/360 The custodian fee rate is 0.02% per annum. The custodian fee shall be a one-off payment deducting from the Entrusted Assets and is payable within five business days from the termination date of the Asset Management Agreement or early termination date by mutual agreement. There is no performance return to be charged by the Manager. During the entrusted management period, the Assets Trustor may withdraw part of the amount of the Entrusted Assets provided that the remaining balance of the Entrusted Assets in the account shall not be less than RMB1 million.
Sample 1
Investment Scope. The Asset Manager shall invest the Entrusted Assets in the economic rights to the revenue from the accounts receivables (the “Accounts Receivables Rights”) belonging to a construction company in Shanghai (the “Investee”). The Asset Manager and the Investee have entered into an agreement for the transfer and repurchase of the Accounts Receivables Rights (the“Transfer and Repurchase Agreement”), pursuant to which the Investee agreed to transfer the Accounts Receivables Rights to the Asset Manager at a consideration of RMB30,000,000 and repurchase the Accounts Receivables Rights from the Asset Manager on the expiry date of the Transfer and Repurchase Agreement, which is contemplated to be 18 December 2014. The repurchase price is equivalent to the sum of RMB30,000,000 paid by the Asset Manager in acquiring the Accounts Receivables Rights (the “Base Amount”) and a premium of 7.5% over the Base Amount. For the purpose of ensuring the repurchase obligation of the Investee as mentioned above and maximising the protection afforded to the Asset Manager, the Asset Manager and the Investee had entered into a pledge agreement, pursuant to which the Investee has agreed to provide collateral to the Asset Manager in the form of its accounts receivables in the amount of RMB54,000,000 relating to a construction contract awarded to the Investee by a major contractor for the construction of a commercial services centre in Shanghai and the rights accrued thereto. The entrustment period of the Asset Management Agreement is no more than one year from the day the Entrusted Assets are entrusted to the Asset Manager for management. The expected early termination date of the Asset Management Agreement is 25 December 2014, after which the entrustment period shall be automatically terminated. The expected annual return on the Entrusted Assets under the Asset Management Agreement is 7.5%, exclusive of the management fee and custodian fee mentioned below. Under the Asset Management Agreement, SumZone Advertising as the Asset Investor has to pay a management fee to the Asset Manager and a custodian fee to the Custodian. The management fee to be charged by the Asset Manager shall be calculated as follows: Management fee = (the principal amount of the Entrusted Assets) x (management fee rate) x (total number of days of entrustment of the Entrusted Assets)/365 The management fee rate is 0.46% per annum. The management fee shall be a one-off payment deducted from the principal amount of the...
Sample 1
Investment Scope. 10.1.1 The Partnership Enterprise sets up a special fund, and will invest specifically in a single strategic placement project to be listed on the SSE STAR Market (“Investment Project”) that is specified by the GP. The specific amount to be invested by the Partnership Enterprise in the Investment Project is limited to the cash balance available when the investment amount of the Partnership Enterprise is payable to the Investment Project, and shall be subject to the available investment quota apportioned to the Partnership Enterprise from the Investment Project, laws and regulations, and the relevant subscription money adjustment mechanism specified in the strategic placement agreement. The investment amount apportioned to the GP and each LP in the Investment Project is a percentage of the actual amount invested by the Partnership Enterprise to the Investment Project, and the percentage is equal to a ratio of the paid-in capital contribution of the GP or each LP in the Partnership Enterprise to the total paid-in capital contributions of the Partnership Enterprise. 10.1.2 Without the unanimous consent of all Partners, the Partnership Enterprise shall not make other investments beyond the scope specified in Section 10.1.1 hereof. The uncommitted capital of the Partnership Enterprise may be invested in low-risk wealth management products of commercial banks, monetary funds, cash, and bank deposits (including term deposits, contract deposit, and other bank deposits). 10.1.3 The Partnership Enterprise shall not use financial leverage or provide a guarantee for a third party.
Sample 1
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Investment Scope. The Assets Manager shall manage and invest the Entrusted Assets in
Sample 1

Related to Investment Scope

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the 0000 Xxx) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Investment Strategy The Company’s investment strategy described in the Registration Statement and the Prospectus accurately reflect in all material respects the current intentions of the Company with respect to the operation of the Company’s business, and no material deviation from such investment strategy is currently contemplated.

  • Investment Adviser and Investment Sub-Adviser The Trustees may in their discretion, from time to time, enter into an investment advisory or management contract or contracts with respect to the Trust or any Series whereby the other party or parties to such contract or contracts shall undertake to furnish the Trust with such management, investment advisory, statistical and research facilities and services and such other facilities and services, if any, and all upon such terms and conditions, as the Trustees may in their discretion determine. Notwithstanding any other provision of this Trust Instrument, the Trustees may authorize any investment adviser (subject to such general or specific instructions as the Trustees may from time to time adopt) to effect purchases, sales or exchanges of portfolio securities, other investment instruments of the Trust, or other Trust Property on behalf of the Trustees, or may authorize any officer, employee, agent, or Trustee to effect such purchases, sales or exchanges pursuant to recommendations of the investment adviser (and all without further action by the Trustees). Any such purchases, sales and exchanges shall be deemed to have been authorized by the Trustees. The Trustees may authorize, subject to applicable requirements of the 1940 Act, the investment adviser to employ, from time to time, one or more sub-advisers to perform such of the acts and services of the investment adviser, and upon such terms and conditions, as may be agreed upon between the investment adviser and sub-adviser. Any reference in this Trust Instrument to the investment adviser shall be deemed to include such sub-advisers, unless the context otherwise requires.

  • Investment Promotion 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation. 2. In particular, each Contracting Party shall permit the conclusion and the carrying out of licensing agreements and contracts for commercial, administrative or technical assistance, in so far as these activities were related to investments.

  • Investment Canada Act The Purchaser is not a “non-Canadian” within the meaning of the Investment Canada Act.

  • INITIAL INVESTMENT The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor may not sell these shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

  • Investment Advisor The Buyer is an investment advisor registered under the Investment Advisors Act of 1940.

  • Legal Investment On the Closing Date, the sale and issuance of the Shares and the proposed issuance of the Conversion Shares shall be legally permitted by all laws and regulations to which Purchasers and the Company are subject.

  • Investment Sub-Advisory Services Sub-Adviser shall serve as investment sub-adviser and shall supervise and direct the investments of each series of Penn Series listed on Exhibit A attached hereto (each, a “Fund”), as such Exhibit may be amended by mutual agreement of the parties hereto, and to exercise all rights incidental to ownership in accordance with the investment objectives, program and restrictions applicable to the Fund as provided in Penn Series’ Prospectus and Statement of Additional Information (“SAI”), as amended from time to time, and such other limitations as may be imposed by law or as Penn Series or Adviser may impose with notice in writing to Sub-Adviser. To enable Sub-Adviser to fully exercise its discretion, Adviser hereby appoints Sub-Adviser as agent and attorney-in-fact for the Fund with full power and authority to buy, sell and otherwise deal in securities and contracts for the Fund. No investment will be made by Sub-Adviser for the Fund if the investment would violate the investment objectives, investment restrictions or limitations of the Fund set out in the Prospectus and the SAI delivered to the Sub-Adviser and as may be amended and delivered to Sub-Adviser in the future. Sub-Adviser shall not take custody of any assets of Penn Series, but shall issue settlement instructions to the custodian designated by Penn Series (the “Custodian”). Sub-Adviser shall, in its discretion, 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 the Fund in a manner consistent with the investment objectives of the Fund. In furtherance of this duty, Sub-Adviser, as agent and attorney-in-fact with respect to Adviser and Penn Series, is authorized, in its discretion and without prior consultation with Adviser or Penn Series, to: (a) buy, sell, exchange, convert, lend, and otherwise trade in any stocks, bonds, and other securities or assets; (b) place orders and negotiate the commissions (if any) for the execution of transactions in securities with or through such brokers, dealers, underwriters or issuers as Sub-Adviser may select, in conformance with the provisions of Paragraph 4 herein; and (c) take such other actions Sub-Adviser deems to be appropriate; provided, however, that Sub-Adviser shall make no investment for the Fund that would violate the objectives, investment program, or restrictions or limitations of the Fund.

  • Investment Adviser The Buyer is an investment adviser registered under the Investment Advisers Act of 1940.

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