Short-Term Investment Fund Sample Clauses

Short-Term Investment Fund. The Short-Term Investment Fund shall comprise such contributions made to each Separate Plan as shall be specified by the administrator of the Separate Plan, together with such portion of assets transferred from the predecessor trustees as designated by the Committee, together with the proceeds thereof, the income therefrom and any increment thereon. The Short-Term Investment Fund shall be invested and reinvested, without distinction between principal and income, in common or collective short-term investment funds of the Trustee, consisting principally or entirely of any and all bonds, debentures, mortgages, equipment or other trust certificates, notes, obligations issued or guaranteed by the United States Government or its agencies, domestic bank certificates of deposit, domestic bankers' acceptances and repurchase agreements, and high grade commercial paper, all of which shall bear a fixed rate of return and are intended to minimize market fluctuations. The Trustee shall not be liable for any loss to or diminution of the Short-Term Investment Fund resulting from any action taken or omitted except if due to the failure of the Trustee to diversify the investments thereof so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so, or due to the failure of the Trustee to act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. In lieu of investment in common or collective short-term investment funds of the Trustee, the Company may appoint an Investment Manager to direct the Trustee as to the investment of the Short-Term Investment Fund in which event the Short-Term Investment Fund shall be invested as directed by the Investment Manager. In the absence of directions from the Investment Manager the Trustee shall have no power, duty or authority to invest the Short-Term Investment Fund except as expressly provided in 5.8.
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Short-Term Investment Fund. As directed by the Department, Bank will sweep available cash balances of certain Accounts, which will be determined by the Department, into a short-term investment vehicle approved by the Department for the investment of cash balances.
Sample 1
Short-Term Investment Fund. The Client has arranged for a sweep of any cash in the portfolio into a short-term investment fund program. Xxxxxx Xxxxxx will not be responsible for investments made pursuant to that cash sweep. Conversion Notwithstanding the foregoing. the portfolio may receive instruments prohibited or not contemplated herein through the conversion, exchange. reorganization, corporate action or bankruptcy of an otherwise permissible investment. Xxxxxx Xxxxxx may hold or dispose of these investments at its discretion.
Sample 1

Related to Short-Term Investment Fund

  • Investment Company Diversification Requirements The Borrower (together with its Subsidiaries to the extent required by the Investment Company Act) will at all times comply with the portfolio diversification and similar requirements set forth in the Investment Company Act applicable to business development companies. The Borrower will at all times, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification and similar requirements set forth in the Code applicable to RICs.

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Investment Company Act, Etc Neither the Borrower nor any of its Subsidiaries is (a) an “investment company” or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended, or (b) otherwise subject to any other regulatory scheme limiting its ability to incur debt or requiring any approval or consent from or registration or filing with, any Governmental Authority in connection therewith.

  • Investment Company Act; Xxxxxxx Rule The Borrower (i) is not, and is not controlled by, an “investment company” registered or required to be registered under the Investment Company Act and (ii) is not a “covered fund” under the Xxxxxxx Rule. In determining that the Borrower is not a “covered fund” under the Xxxxxxx Rule, the Borrower relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act.

  • Accredited Investor Status or Investment Limits Subscriber represents that either:

  • Investment Company Act Margin Regulations (a) Neither any Obligor nor any of its Restricted Subsidiaries is, or is regulated as, an “investment company,” as such term is defined in the Investment Company Act of 1940 (as adopted in the United States), as amended.

  • Margin Regulations; Investment Company Act (a) The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.

  • Regulated Investment Company Status During the 12-month period following the Closing Time, the Company will use its commercially reasonable efforts to qualify and elect to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and to maintain such qualification and election in effect for each full fiscal year during which it is a business development company under the 1940 Act.

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