OPERATION OF THE FUNDS Sample Clauses

OPERATION OF THE FUNDS. Except as otherwise provided herein, this Agreement shall not limit the authority of the Feeder Fund to take such action as it may deem appropriate or advisable in connection with all matters relating to the operation of the Feeder Fund and the sale of its interest.
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OPERATION OF THE FUNDS. 4.1 The Funds shall consist of
OPERATION OF THE FUNDS. In no way shall the provisions of this Agreement limit the authority of the Funds or Dodge & Xxx to take such lawful action as they may deem appropriate or advisable in connection with all matters relating to the operation of the Funds and the sale of their Shares. 5.
OPERATION OF THE FUNDS. 4.1 The Funds shall consist of – 4.1.1 all contributions paid to the Funds; 4.1.2 all income derived from the investment of any moneys or assets of the Funds; and 4.1.3 all other moneys to which the Funds may become entitled. 4.2 Should the Council be the administrator of the Fund(s), all moneys accruing to the Fund(s) shall be deposited to the credit of the Fund(s) in a separate account with a registered bank within three working days after receipt thereof. 4.3 Should the Council be the administrator of the Fund(s), the moneys of the Fund(s) shall be used for payment of benefits and expenditure in accordance with the rules of the Fund(s). 4.4 Should the Council be the administrator of the Fund(s) when benefits become payable, the amount due from the Fund(s) to beneficiaries shall be paid by cheque, or transferred electronically or be paid in cash. 4.5 Should the Council be the administrator of the Fund(s), and payments from the Fund(s) are made by cheque, such cheques shall be signed by two trustees of the Fund(s) or any other person(s) nominated by the trustees for this purpose and countersigned by the General Secretary or any person(s) nominated by him. 4.6 Should the Council be the administrator of the Fund(s), any moneys held by the Fund(s) not required to meet current benefit payments and expenditure shall be invested in terms of section 53 (5) of the Act.

Related to OPERATION OF THE FUNDS

  • Operation of the Business Between the date of this Agreement and the Closing, Seller shall:

  • Creation of the Trust The Trust is hereby created and shall be known as “WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust”. The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities, all as provided by and subject to the terms of this Agreement:

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