Portfolio Balancing. 4.4.1. At least thirty (30) days prior to each anniversary of any renewal of the term of this Agreement pursuant to Section 7.1 below, Subscriber may, upon Xxxxxxx’x approval and under the terms set forth herein, request Portfolio Balancing (“Portfolio Balancing”). Portfolio Balancing allows Subscriber to exchange Eligible Product licenses Subscriber has purchased from Bentley for use on a perpetual basis (“Perpetual Licenses”) for licenses for other Eligible Products in substitution for a Perpetual License (“Exchanged Portfolio Licenses”) for use at the Site of the Perpetual Licenses under the terms of Section 6.1 below of these SELECT Program Terms.
4.4.2. Subscriber may exchange Perpetual Licenses for Exchanged Portfolio Licenses having a total aggregate value based on the list price in effect as published by Xxxxxxx in the Country of use for perpetual license of a Product (“Current License Price”) that is equal to or less than the total aggregate value based on the Current License Prices for the Perpetual Licenses. Upon exchange, license rights granted by Xxxxxxx to Subscriber in respect of the Perpetual Licenses shall cease, and license rights in respect of the Exchanged Portfolio Licenses shall commence for an initial term of twelve (12) months, with by-default automatic requests for renewals of like terms to follow, unless Subscriber notifies Xxxxxxx of its election not to request a renewal term. Notwithstanding the above, upon termination of this Agreement or the Portfolio Balancing licensing program any Exchanged Portfolio License granted to Subscriber shall terminate and Subscriber’s right to use Perpetual Licenses shall be reinstated. To be eligible to participate, Subscriber must be current on all outstanding invoices for amounts owed to Bentley.
Portfolio Balancing. Any product may be traded out for other products, however, only certain products can be received in exchange (Yes/No).
Portfolio Balancing. The portfolio records maintained by the manager shall not be closed at the end of a month until the final transaction listing from the custodian has been checked against the mangers records. When completed the end of month portfolio reports including performance statistics will be completed. Independence One Mutual Funds Independence One International Equity Fund Reporting
1. Investment Report NAM will provide the following reports: Monthly o A detailed portfolio listing and valuation report in $US. Quarterly o A detailed report on the management of the portfolio covering all activity, performance and background against which investment decisions have been made. o A forward looking market commentary highlighting any major portfolio changes that may be considered next quarter.
