Purposes of the Fund. The Fund will (i) operate as a closed-end, non-diversified management investment company (A) in accordance with the 1940 Act; and (B) subject to any fundamental policies and investment restrictions described in the Form N-2; and (ii) and is organized for the purpose of realizing capital appreciation with limited variability of returns and of engaging in all activities and transactions as the Board may deem necessary or advisable in connection therewith, including, without limitation:
(a) allocating capital among a number of pooled entities (each, an “Underlying Fund” and collectively, the “Underlying Funds”), each managed by an independent investment adviser (each, an “Underlying Adviser” and, collectively, the “Underlying Advisers”) pursuant to relative value investment strategies or other techniques and subject to various risks;
(b) to engage attorneys, independent accountants, or such other persons as the Board may deem necessary or advisable;
(c) to maintain for the conduct of Fund affairs one or more offices and to engage personnel, whether part time or full time, and do such other acts as the Board may deem necessary or advisable; and
(d) designating from time to time persons to act as signatories for the Fund, including, without limitation, persons authorized to execute and deliver any filings with the SEC or applicable federal or state regulatory authorities or self-regulatory organizations.
Purposes of the Fund. The Fund will (i) operate as a closed-end, non-diversified management investment company (A) in accordance with the 1940 Act; and (B) subject to any fundamental policies and investment restrictions described in the Form N-2; and (ii) and is organized for the purpose of realizing capital appreciation with limited variability of returns and of engaging in all activities and transactions as the Board may deem necessary or advisable in connection therewith, including, without limitation:
(a) by investing substantially all of its assets, net of reserves maintained for reasonably anticipated expenses, in the Master Fund;
(b) to engage attorneys, independent accountants, or such other persons as the Board may deem necessary or advisable;
(c) to maintain for the conduct of Fund affairs one or more offices and to engage personnel, whether part time or full time, and do such other acts as the Board may deem necessary or advisable; and
(d) designating from time to time persons to act as signatories for the Fund, including, without limitation, persons authorized to execute and deliver any filings with the SEC or applicable federal or state regulatory authorities or self-regulatory organizations.
Purposes of the Fund. The Fund established by this Agreement shall provide for the qualified withdrawals of deposits during the term of this Agreement to (1) acquire, construct, or reconstruct qualified vessels in accordance with the general objectives contained in Schedule B of this Agreement; and/or (2) provide for the payment of the principal on indebtedness incurred in connection with the acquisition, construction, or reconstruction of a qualified vessel. For the purpose of item (2) in the preceding sentence, an eligible vessel may also be a qualified vessel.
Purposes of the Fund. The principal purposes of the Fund are as follows: to acquire, hold, sell and generally deal or invest in Securities; to exercise all rights, powers, privileges and other incidents of ownership or possession with respect to Securities held or owned by the Fund from time to time; and to engage in any business related thereto or useful in connection therewith.
Purposes of the Fund. The principal purposes of the Fund are as follows: to acquire, hold, sell and generally deal or invest in Securities (including, in particular, equity interests issued by limited partnerships, limited liability companies, business trust and similar business vehicles whose primary business is investing in securities and other financial instruments but that are not registered or required to register as investment companies under the 1940 Act) and other assets and property; to exercise all rights, xxxxxx, privileges and other incidents of ownership or possession with respect to Securities, assets or other property held or owned by the Fund from time to time; and to engage in any business related thereto or useful in connection therewith. The foregoing clauses shall each be construed as purposes, objects and powers, and it is hereby expressly provided that the foregoing enumeration of specific purposes, objects and powers shall not be held to limit or restrict in any manner the powers of the Fund, and that they are in furtherance of, and in addition to, and not in limitation of, the general powers conferred upon the Fund by the Delaware Act and the other laws of the State of Delaware or otherwise; nor shall the enumeration of one thing be deemed to exclude another, although it be of like nature, not expressed.
Purposes of the Fund. The Fund established hereunder shall be utilized to provide for the construction or reconstruction of replacement vessels, additional vessels, or reconstructed vessels, built in the United States and intended for documentation as vessels of the United States for operation by qualified United States citizens in the United States foreign, Great Lakes, or noncontiguous domestic trades, and to provide for qualified withdrawals to achieve the program set forth in Schedule B hereof.
Purposes of the Fund. The Fund’s general purpose is to promote and further the Foundation’s charitable purposes as set forth in the Foundation’s Articles of Incorporation and By-Laws. Subject to the foregoing, the Fund shall be used primarily to support the following charitable interests of the Donor:
Purposes of the Fund. The Fund is established for the exclusive purpose of providing funds for the decommissioning of the Station. The Fund shall accumulate all contributions (whether from the Company or others) which satisfy the requirements of this Agreement. None of the assets of the Fund shall be subject to attachment, garnishment, execution or levy in any manner for the benefit of creditors of the Company.
Purposes of the Fund. Please indicate your wishes in terms of the purposes (and focus for) the Fund: Please indicate your wishes in terms of the geographical focus for your Fund: Please describe any other specific wishes you have in relation to the purposes of the fund such as any particular exclusions.
Purposes of the Fund. (1) The EDC shall use the Fund for the installation of renewable power projects at or in the vicinity of the Facility. Renewable power projects include a wide variety of technologies including, but not limited to, hydroelectric, wind, solar photovoltaic and solar thermal, geothermal, biomass, fuel cells, free-flow or kinetic hydropower systems, ocean tides, waves, and currents. The value of such installations shall sum to at least $1.0 million. The Applicant shall propose an additional project or projects within a reasonable period after the start date of commercial operation. All projects shall be subject to approval by the EDC and the Applicant.
(2) The EDC shall also use the Fund for community and environmental improvements projects. The value of such projects shall sum to at least $950,000. Applicant shall provide at least $150,000 per year until the Applicant has provided amounts totaling $950,000. Such amounts shall be for the sole and exclusive purpose of providing local community or environmental improvement projects located within the district known as the Community Board 1, lying in the vicinity of the Ravenswood Generating Facility. The projects to be funded shall be subject to approval by the Applicant, and the nature of such projects shall be determined by the EDC in consultation with CHOKE, Community Board 1 and the elected officials from the Queens Borough President’s Office, the 7th and 14th Congressional Districts, the 22nd City Council, the 14th State Senate and the 36th and 37th Assembly Districts.
