Ownership Certificates and Disclosure of each Fund’s Interest Clause Samples
The "Ownership Certificates and Disclosure of each Fund’s Interest" clause establishes the requirement for parties to provide formal documentation verifying the ownership interests held by each fund involved in an agreement. Practically, this means that each fund must supply certificates or statements that accurately reflect its share or stake in the relevant assets or entities, and disclose this information to the other parties as needed. This clause ensures transparency regarding the distribution of interests, helping to prevent disputes over ownership and facilitating clear record-keeping for all stakeholders.
Ownership Certificates and Disclosure of each Fund’s Interest. The Custodian is hereby authorized to execute on behalf of each Fund ownership certificates, affidavits or other disclosure required under applicable law or established market practice in connection with the receipt of income, capital gains or other payments by each Fund with respect to Investments, or in connection with the sale, purchase or ownership of Investments.