Master Fund Shares Sample Clauses

Master Fund Shares. 23 ARTICLE IV Trigger Events
Sample 1
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Master Fund Shares. (a) The Fund may invest all or a portion of the Equity Portfolio in Master Fund shares if (i) such investment does not violate the Investment Company Act (including Section 12(d)(1)(G) thereof) or any other Requirement of Law applicable to the Trust, the Fund, the Master Fund, or the Adviser; (ii) the Portfolio Requirements are met on a look through basis, as if the Fund's assets and liabilities were a pro rata portion of the assets and liabilities of the Master Fund; and (iii) the Fund shall have provided to the Insurer evidence satisfactory to the Insurer that an enforceable agreement exists between the Master Fund and the Fund pursuant to which the Master Fund has undertaken not to make a distribution in kind to the Fund, and the Insurer shall be third party beneficiaries of such
Sample 1
Master Fund Shares. 24 ARTICLE IV TRIGGER EVENTS Section 4.01 Trigger Events...........................................25 Section 4.02 Defeasance Portfolio.....................................27
Sample 1
Master Fund Shares. (a) The Fund may invest all or a portion of the Equity Portfolio in the shares of one or more Master Funds if (i) such investment does not violate the Investment Company Act (including without limitation SECTION 12(D)(1)(G) thereof) or any other Requirement of Law applicable to the Trust, the Fund, any Master Fund, or the Adviser; (ii) the Portfolio Requirements (including the reporting information required by SECTION 3.06) are met on a look-through basis, as if the Fund's assets and liabilities were a PRO RATA portion of the assets and liabilities of such Master Funds; and (iii) the Fund shall have provided to the Insurer evidence satisfactory to the Insurer that an enforceable agreement exists between such Master Fund and the Fund pursuant to which such Master Fund has undertaken not to make a distribution in kind to the Fund, and the Shareholders of the Fund and the Insurer shall be third party beneficiaries of such agreement. It shall not constitute a violation of this Article III if assets of any such Master Fund include Cash, U.S. Government Securities, Money Market Securities and, if they would comply with the proviso in SECTION 3.04(F), Cash Equivalents; PROVIDED, HOWEVER, that such investments shall be included in the calculation of the Equity Portfolio and shall not be included in the calculation of the Fixed Income Portfolio; and PROVIDED, FURTHER, HOWEVER, that, solely for the purposes of investment of the Equity Portfolio in a Master Fund or in Cash Equivalents that are considered part of the Equity Portfolio (i) in the definitions of "Commercial Paper" and "Repurchase Obligation" herein the minimum requirement of "A-1+" shall be reduced to "A-1" where it appears in such definitions and the minimum requirements of "Aa2" and "AA" shall be reduced to "Aa3" and "AA-", respectively in the definition of "Repurchase Obligation" herein, and (ii) the single issuer and counterparty limitations of SECTION 3.04(B) shall apply but the 10% limitation with respect to fully collateralized Repurchase Obligations shall be increased to 25% of Fund Value (as long as the criteria set forth therein for "fully-collateralized" Repurchase Obligations are complied with, including compliance with the provisions of Rule 5b-3(c)(1) under the Investment Company Act).
Sample 1

Related to Master Fund Shares

  • Sale of the Fund Shares 1.1 Subject to Section 1.3, the Fund shall cause the Underwriter to make Shares available to the Accounts at the most recent net asset value provided to the Company prior to receipt of such purchase order by the Fund (or the Underwriter as its agent), in accordance with the operational procedures mutually agreed to by the Underwriter and the Company from time to time and the provisions of the then current prospectus of the Portfolios. Shares of a particular Portfolio of the Fund shall be ordered in such quantities and at such times as determined by the Company to be necessary to meet the requirements of the Contracts. The Directors of the Fund (the “Directors”) may refuse to sell shares of any Portfolio to any person (including the Company and the Accounts), or suspend or terminate the offering of shares of any Portfolio, if such action is required by law or by regulatory authorities having jurisdiction or is, in the sole discretion of the Directors acting in good faith and in light of their fiduciary duties under federal and any applicable state laws, necessary in the best interests of the shareholders of such Portfolio.

  • FUND SHARES 3.1 The Contracts funded through the Separate Account will provide for the investment of certain amounts in shares of each Participating Fund.

  • Sales of Fund Shares You may offer and sell shares of each Fund and class of each Fund only at the public offering price which shall be applicable to, and in effect at the time of, each transaction. The procedures relating to all orders and the handling of them shall be subject to the terms of the applicable then current prospectus and statement of additional information (hereafter, the “Prospectus”) and new account application, including amendments, for each such Fund and each class of such Fund, and our written instructions from time to time. This Agreement is not exclusive, and either party may enter into similar agreements with third parties.

  • Transactions in Fund Shares With respect to all orders you place for the purchase of Fund Shares, unless otherwise agreed, settlement shall be made with the Company within three (3) business days after acceptance of the order. If payment is not so received or made, the transaction may be cancelled. In this event or in the event that you cancel the trade for any reason, you agree to be responsible for any loss resulting to the Funds or to us from your failure to make payments as aforesaid. You shall not be entitled to any gains generated thereby. You also assume responsibility for any loss to a Fund caused by any order placed by you on an “as-of” basis subsequent to the trade date for the order, and will immediately pay such loss to the Fund upon notification or demand. Such orders shall be acceptable only as permitted by the Company and shall be subject to the Company’s policies pertaining thereto, which may include receipt of an executed Letter of Indemnity in a form acceptable to the Fund and /or to us prior to the Company’s acceptance of any such order.

  • NOTICE FILINGS FOR FUND SHARES The Power to submit notice filings for the Funds in each jurisdiction in which the Funds' shares are offered or sold and in connection therewith the power to prepare, execute, and deliver and file any and all the Funds' applications including without limitation, applications to provide notice for the Funds' shares, consents, including consents to service of process, reports, including without limitation, all periodic reports, or other documents and instruments now or hereafter required or appropriate in the judgment of the Bank in connection with the notice filings of the Funds' shares.

  • VOTING OF FUND SHARES 7.1 Fund shall provide Insurance Company with copies at no cost to Insurance Company, of the Fund's proxy material, reports to shareholders and other communications to shareholders in such quantity as Insurance Company shall reasonably require for distributing to Contractholders or Participants. Insurance Company shall:

  • Sale of Fund Shares 1.1 The Underwriter agrees to sell to the Company those shares of the Designated Portfolios which the Account orders, executing such orders on a daily basis at the net asset value next computed after receipt by the Fund or its designee of the order for the shares of the Designated Portfolios.

  • Class B Shares As of December 1, 2009, Class B shares of the Virtus Mutual Funds are no longer available for purchase by new or existing shareholders, except for the reinvestment of dividends or capital gains distributions into existing Class B share accounts, and for exchanges from existing Class B share accounts to other Virtus Mutual Funds with Class B shares.

  • Escrowed Shares a. With respect to the Escrowed Shares, upon an event of default as set forth in the Pledge Agreement, the Escrow Agent shall send written notice to the Transfer Agent ("Escrow Notice") to transfer such number of Escrow Shares as set forth in the Escrow Notice to the Buyers. Upon receipt of an Escrow Notice, the Transfer Agent shall promptly transfer such number of Escrow Shares to the Buyers as shall be set forth in the Escrow Notice delivered to the Transfer Agent by the Escrow Agent. Further, the Transfer Agent shall promptly transfer such shares from the Buyers to any subsequent transferee promptly upon receipt of written notice from the Buyers or their counsel. If the Escrow Shares are not registered for sale under the Securities Act of 1933, as amended, then the certificates for the Escrow Shares shall bear the legend set forth in Section 1b.

  • Exchange of Fund Shares On receipt of instructions to exchange the shares of the Fund for the shares of another American Express(R) Fund or other American Express Financial Corporation product in accordance with the terms of the prospectus, the Transfer Agent will process the exchange in the same manner as a redemption and sale of shares.

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