Portfolio Constraints Sample Clauses

Portfolio Constraints. (a) If, at any time, the Gross Market Value of all Positions in Eligible Securities with 1 month or less until Effective Maturity is less than 35% of the Portfolio Gross Market Value, then BNPP shall have the right to determine the Collateral Requirements for all Positions in the Portfolio in its sole discretion. (b) If, at any time, the Gross Market Value of all Positions in Eligible Securities with 1 year or less until Effective Maturity is less than 65% of the Portfolio Gross Market Value, then BNPP shall have the right to determine the Collateral Requirements for all Positions in the Portfolio in its sole discretion. For the avoidance of doubt, BNPP’s right to determine the Collateral Requirements pursuant to clauses (a) and (b) above shall only apply during the time period in which Customer’s portfolio is not in compliance with this Section 4.
Sample 1
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Portfolio Constraints. 1. Without written permission of the Trustees, bcIMC will not do any of the following: a) purchase any asset or security previously disqualified by the Trustees in written notice to bcIMC, except to the extent that such purchases may occur within an allowable Pooled Fund or Program; b) purchase securities on margin; c) engage in short sales or similar transactions; d) purchase or sell commodities contracts; e) borrow money, pledge, or otherwise encumber any of the Fund's assets, except for real estate investments, or temporary overdrafts to meet short term payment requirements to the extent permitted under applicable legislation; or f) engage in securities lending, except under the bcIMC security lending program with controls as summarized in Appendix C. 2. No part of the Fund will be loaned to any person, partnership or association except as may be authorized by the Trustees, or as provided in Section 8.1 or in Section 10.1(f).
Sample 1
Portfolio Constraints. The investment portfolio is to be liquidated within the following constraints: 1. No purchase or short selling for the investment portfolio is permitted. Use of Derivatives is permitted only within the confines of item 2 and Section E below. 2. Any Derivatives purchased for the portfolio must be acquired solely for the purpose of hedging foreign exchange exposure or optimizing the disposal of an existing Equity or group of Equities within the portfolio.
Sample 1
Portfolio Constraints. Asset Mix
Sample 1
Portfolio Constraints. With respect to the initial $50,000,000 aggregate Purchase Price of Allocated Eligible Options purchased by Buyer pursuant to this Agreement (the “Initial $50 Million Option Pool”), and notwithstanding anything to the contrary in the Program Documents, Seller shall be deemed to have represented and warranted to Buyer and Buyer Agent that the Initial $50 Million Option Pool is in compliance with the Portfolio Constraints as of the related Closing Date for the applicable Eligible Option which, as determined by such Eligible Option’s Investment Amount, incrementally surpasses the amount for the Initial $50 Million Option Pool (the “Restatement Date”). Any breach by Seller of the representation and warranty under the immediately preceding sentence shall be deemed to have occurred effective as of the Restatement Date, and shall be subject to the terms of Section 6.1.1.
Sample 1
Portfolio Constraints. The following constraints shall apply to all Positions comprised of Eligible Securities: (a) To the extent that the Gross Market Value of Positions in the Eligible Portfolio with a Global Industry Classification Standard sector other than Energy or Utilities exceeds 15% of the Gross Market Value of the Eligible Portfolio, the portion of such Positions in excess of such 15% threshold shall be deemed Overage Positions (b) To the extent that the Gross Market Value of Debt Securities Positions in the Eligible Portfolio exceeds 20% of the Gross Market Value of the Eligible Portfolio, the portion of such Positions in excess of such 20% threshold shall be deemed Overage Positions; and (c) To the extent that the Weighted Average Days of Trading Volume of Equity Securities Positions (other than a money market fund) in the Eligible Portfolio exceeds 3, Scotia shall select Aggregate Positions with Days of Trading Volume in excess of 3 which shall be deemed Overage Positions such that the Weighted Average Days of Trading Volume of Equity Securities Positions other than Overage Positions in the Eligible Portfolio does not exceed 3.
Sample 1
Portfolio Constraints. The following constraints shall apply to all Positions comprised of Eligible Securities: (a) To the extent that the Gross Market Value of any Issuer Position exceeds 10% of the Gross Market Value of the Eligible Portfolio, the portion of such Issuer Position (determined by Scotia in its sole discretion) in excess of such 10% threshold shall be deemed Overage Positions; and (b) To the extent the Gross Market Value of all Positions in Debt Securities is in excess of 30% of the Gross Market Value of the Eligible Portfolio, the portion of such Positions in excess of such 30% threshold shall be deemed Overage Positions.
Sample 1
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