Limitations Relating to Investments Sample Clauses

Limitations Relating to Investments. 5 5. Brokerage...............................................................6 6. Compensation............................................................6 7. Expenses................................................................7 8. Services to Other Companies or Accounts.................................8 9.
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Limitations Relating to Investments. (a) Investments Requiring the Investment Committee's Approval. The Investment Manager will establish an Investment Committee (the "Investment Committee") comprised initially of eleven (11) individuals (such number of members being subject to increase or decrease at any time in the sole discretion of the Investment Manager). Five of the individuals
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Limitations Relating to Investments. 6 5. Brokerage..............................................................7
Sample 1
Limitations Relating to Investments. (a) Investments Requiring the Investment Committee's Approval. The Investment Manager will establish an Investment Committee (the "Investment Committee") comprised initially of eleven (11) persons (such number of members being subject to increase or decrease at any time in the sole discretion of the Investment Manager). Six of the persons on the Investment Committee will be voting members (such number of voting members being subject to increase or decrease at any time in the sole discretion of the Investment Manager). Subject to the following sentence and Section 11(b), all of the voting members of the Investment Committee will be appointed by the Investment Manager, and initially such voting members will be Michael E. Tennenbaum, Mark K. Holdsworth, Howard M. Levkowitz, Jose E. Xxxxxxxxx xxx Xxxxxn X. Xxxxx xx xxxx xthxx xxxxxxx xx xxx xe xxxxxxxxx xx xxx Invesxxxxx Xxxxxxx. Except as provided by Section 11(b), one voting member of the Investment Committee will be appointed by Babson, with the approval of the Investment Manager. Richard E. Spencer II shall be Babson's representative on the Investmexx Xxxxxxxxx xxxxx xxmoved or until replaced by Babson with the approval of the Investment Manager for such replacement. Additionally, the Investment Manager shall have the right to appoint any number of non-voting members to the Investment Committee. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee. The Company shall not be bound by any Investment made by the Investment Manager on behalf of the Company for which the necessary approval has not been obtained.
Sample 1
Limitations Relating to Investments. (a) Investments Requiring the Investment Committee's Approval. The Investment Manager will establish an Investment Committee (the "Investment Committee") comprised initially of nine persons (such number of members being subject to increase or decrease at any time in the sole discretion of the Investment Manager). Three of the persons on the Investment Committee will be voting members (such number of voting members being subject to increase or decrease at any time in the sole discretion of the Investment Manager). All of the voting members of the Investment Committee will be appointed by the Investment Manager, and initially such voting members will be Xxxxxxx X. Xxxxxxxxxx, Xxxx X. Xxxxxxxxxx and Xxxxxx X. Xxxxxxxxx or such other persons as may be appointed by the Investment Manager. Additionally, the Investment Manager shall have the right to appoint any number of non-voting members to the Investment Committee. The Investment Committee will review and discuss the purchase and sale of all Investments other than short-term Investments in high quality debt, securities maturing in less than 367 days or investment funds whose portfolios at all times have an effective duration of less than 367 days and other than hedging and risk management transactions, and approval by a majority vote of the voting members of the Investment Committee will be required prior to the purchase or sale of any Investment required to be reviewed by the Investment Committee. The Company shall not be bound by any Investment made by the Investment Manager on behalf of the Company for which the necessary approval has not been obtained.
Sample 1
Limitations Relating to Investments 
Sample 1Sample 2Sample 3See All (14)
Limitations Relating to Investments 
Sample 1Sample 2Sample 3See All (13)
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Related to Limitations Relating to Investments

  • Provisions Relating to Securitization (a) For so long as an Initial Note Holder or its Affiliate (an “Initial Note Holder Entity”) is the owner of its Note(s), such Initial Note Holder Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes or additional notes (in either case “New Notes”) reallocating the principal of its Note(s) or severing its Note(s) into one or more further “component” notes in the aggregate principal amount equal to the then-outstanding principal balance of its Note(s), provided that (i) the aggregate principal balance of the New Notes following such amendments is no greater than the principal balance of the related original Note(s) prior to such amendments, (ii) all New Notes continue to have the same weighted average interest rate as the original Note(s) prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Initial Note Holder Entity holding the New Notes shall notify the other Holders (or, for any Note that has been contributed to a Securitization, to the trustee and the applicable master servicer of such Securitization) in writing of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation of principal or such severing of Note(s), (2) if a Note is severed into “component” notes, such component notes shall each have their same rights as the respective original Note (except if such original Note is Note A-1, then the applicable Initial Note Holder shall designate one of the New Notes to take the place of Note A-1 in the definitions of “Directing Holder”, “Lead Note”, “Lead Securitization”, “Non-Directing Holder” and “Servicing Agreement”), and (3) the definition of the term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate the terms of this paragraph 18(a).

  • Special Provisions Relating to Euro Each obligation hereunder of any party hereto that is denominated in the National Currency of a state that is not a Participating Member State on the date hereof shall, effective from the date on which such state becomes a Participating Member State, be redenominated in Euro in accordance with the legislation of the European Union applicable to the European Monetary Union; provided that, if and to the extent that any such legislation provides that any such obligation of any such party payable within such Participating Member State by crediting an account of the creditor can be paid by the debtor either in Euros or such National Currency, such party shall be entitled to pay or repay such amount either in Euros or in such National Currency. If the basis of accrual of interest or fees expressed in this Agreement with respect to an Agreed Foreign Currency of any country that becomes a Participating Member State after the date on which such currency becomes an Agreed Foreign Currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing denominated in such currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor. Without prejudice to the respective liabilities of the Borrower to the Lenders and the Lenders to the Borrower under or pursuant to this Agreement, each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time, in consultation with the Borrower, reasonably specify to be necessary or appropriate to reflect the introduction or changeover to the Euro in any country that becomes a Participating Member State after the date hereof; provided that the Administrative Agent shall provide the Borrower and the Lenders with prior notice of the proposed change with an explanation of such change in sufficient time to permit the Borrower and the Lenders an opportunity to respond to such proposed change.

  • General Provisions Relating to Transfers and Exchanges (1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request.

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