Investment Transactions. Securities held by the Portfolios may also be held by other separate accounts or mutual funds for which the Sub-adviser or its affiliates act as an adviser or sub-adviser, or by the Sub-adviser or its affiliates. Because of different investment objectives or other factors, a particular security may be bought by the Sub-adviser or its affiliates or for one or more clients when one or more clients are selling the same security. In accordance with applicable law, if purchases or sales of securities for the Portfolios or other entities for which the Sub-adviser or its affiliates act as investment adviser or sub-adviser or for their advisory clients arise for consideration at or about the same time, the Fund and Adviser agree that the Sub-adviser may make transactions in such securities, insofar as feasible, for the respective entities and clients in a manner deemed equitable to all. To the extent that transactions on behalf of more than one client of the Sub-adviser during the same period may increase the demand for securities being purchased or the supply of securities being sold, the Fund recognizes that there may be an adverse effect on the price thereof.
Investment Transactions. None. (Covers all costs associated with investing in eligible investments at the direction of the client, including ticket charges, custody and tax reporting.)
Investment Transactions. During the term of the Agreement, Polca shall in its own name (i) make any short-term investments in financial instruments and/or term deposits depending on the proceeds from the Pooled Assets and the total Cash Surpluses net of Cash Shortfalls (hereinafter the “Investments”) and (ii) credit or debit the Concentration Account to this end. For the entire duration of the Agreement, Polca irrevocably undertakes not to grant any pledge, encumbrance or other security right on any Investment credited to one or more securities accounts or term deposit accounts, in the case of monetary investments held by Polca with the Bank or other banking institutions. For the present purposes, the total amount of Investments and total amount of Advances provided for by Article 8 shall be considered the Pooled Assets.
Investment Transactions. Total purchases of Underlying Funds for the year ended December 31, 2007, amounted to $11,000,000. Total proceeds from redemptions of Underlying Funds for the year ended December 31, 2007, amounted to $3,565,721. The cost of investments in Underlying Funds for Federal income tax purposes is adjusted for items of taxable income allocated to the Fund from the Underlying Funds. The Fund has not received information from the Underlying Funds as to the amounts of taxable income allocated to the Fund as of December 31, 2007.
Investment Transactions. 8 Section 3.4 The Redemption and Exchange Transactions........................................... 9 Section 3.5 Indebtedness Payment............................................................... 11 Section 3.6 Kilovac Payment.................................................................... 12 Section 3.7 Management Bonus Payment........................................................... 12 Section 3.8
Investment Transactions. (a) Sale and Purchase of the Initial Shares. For value received, and on the terms and subject to all of the conditions set forth herein, at the Initial Closing, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase, the Initial Shares at the Per Share Price, for a total investment in the Company at the Initial Closing of $1,400,000.
Investment Transactions. 1 Investor.......................................................................1
Investment Transactions. (a) Prior to the Closing, the Company shall cause Xxxxxxx Investment Company, a Delaware corporation and a subsidiary of the Company (“Investment”), to deliver a notice in form and substance reasonably satisfactory to the Purchaser to all the holders of Investment’s preferred stock, par value $.01 per share (the “Investment Preferred Stock”), and all the holders of the Investment Options (each, an “Investment Optionholder”) stating that, at the Closing, Investment will (i) redeem each outstanding share of the Investment Preferred Stock for an amount in cash equal to the Liquidation Value (as defined in Investment’s certificate of incorporation, as amended), plus all accrued and unpaid dividends on such share immediately prior to the Effective Time, in each case as determined in accordance with the Investment’s certificate of incorporation, as amended, and (ii) at the Effective Time, pay each Investment Optionholder an amount in cash equal to the product of (A) the excess of (1) the Liquidation Value (as defined in Investment’s certificate of incorporation, as amended) plus all accrued and unpaid dividends on such share as of the Effective Time over (2) the applicable exercise price per share of Investment Preferred Stock issuable under such Investment Option, multiplied by (B) the number of shares of Investment Preferred Stock such holder could have purchased if such holder exercised such Investment Option in full immediately prior to the Effective Time, to the extent such Investment Option is then exercisable or would, but for the cancellation thereof, become exercisable as a result of the transactions contemplated hereby. The aggregate consideration to which holders of the Investment Preferred Stock and the Investment Optionholders become entitled pursuant to this Section 2.04(a) is referred to herein as the “Investment Transactions Amount.”
(b) At the Closing, the Company shall cause Investment to redeem all outstanding shares of the Investment Preferred Stock in accordance with the terms of Section 2.04(a) (Investment Transactions) and the Purchaser shall pay each of the holders of the Investment Preferred Stock and each Investment Optionholder their respective portion of the Investment Transactions Amount pursuant to Section 2.03(d) (The Closing Transactions).
(c) For purposes of this Agreement, the term “Investment Options” means all options to acquire shares of Investment Preferred Stock which are exercisable (or will become exercisable as a result ...
Investment Transactions. The Investment Documents shall have been executed and delivered by the parties thereto and shall be in full force and effect.
Investment Transactions. Section 6.7 . . . . 19
