Tax Status of Fund Sample Clauses

Tax Status of Fund. The General Partner shall take such reasonable steps as may be necessary to ensure that, from and after the Initial Closing Date, the Fund is not and does not become a Financial Institution and shall not take any action or omit to take any action, the taking or omission of which could reasonably be expected to result in the Fund becoming a Financial Institution.
Sample 1
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Tax Status of Fund. 70 The General Partner shall take such reasonable steps as may be necessary to ensure that the Fund is not and does not become a Financial Institution and shall not take any action or omit to take any action the taking or omission of which could reasonably be expected to result in the Fund becoming a Financial Institution. The General Partner shall use commercially reasonable efforts to ensure that the Fund, at all relevant times, is a Canadian Partnership71 and is not a SIFT partnership, and that no interest in the Fund is or becomes a Tax Shelter Investment. Commitments Maximum Fund Size. The aggregate of the Commitments and the total commitments to the Fund and all Parallel Vehicles shall not exceed [__].72
Sample 1
Tax Status of Fund 
Sample 1

Related to Tax Status of Fund

  • Allocation of Funds AMO will allocate and transfer Funds on the basis of the formula determined by Ontario.

  • Return of Funds Contractor will return any overpayments due to unearned funds or funds disallowed pursuant to the terms of the Contract that were disbursed to the Contractor. The Contractor must return any overpayment within forty (40) calendar days after either discovery by the Contractor, its independent auditor, or notification by the Department or Customer of the overpayment.

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Limitation on Payment of Funds Despite section A4.1:

  • Termination of Funding County may terminate this Contract in any fiscal year in that it is determined there is not sufficient funding. California Constitution Article XVI Section 18.

  • Limitation on Payment of Funding Despite section 4.1, the LHIN:

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