TRUST TRANSACTIONS Sample Clauses
The "Trust Transactions" clause defines how funds or assets are to be held and managed in trust during the course of a transaction. Typically, this clause outlines the responsibilities of the trustee, the conditions under which the trust is created, and the process for releasing or distributing the assets once certain criteria are met. For example, it may require that purchase money be held by a neutral third party until all contractual obligations are satisfied. The core function of this clause is to protect the interests of all parties by ensuring that assets are securely managed and only transferred when agreed-upon conditions are fulfilled, thereby reducing the risk of loss or misuse.
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TRUST TRANSACTIONS. The Advisor agrees that neither it nor any of its officers, directors, employees or agents will take any long- or short-term position in the shares of the Trust; provided, however, that such prohibition shall not prevent the purchase of shares of the Trust by any of the persons above described for their account and for investment at the price (net asset value) at which such shares are available to the public at the time of purchase or as part of the initial capital of the Trust.
TRUST TRANSACTIONS. The Manager agrees that neither it nor any of its officers or directors will take any long or short position in the shares of the Trust; provided, however, that such prohibition:
(a) shall not prevent the Manager from purchasing shares of the Trust if orders to purchase such shares are placed upon the receipt by the Manager of purchase orders for such shares and are not in excess of such purchase orders received by the Manager; and
(b) shall not prevent the purchase of shares of the Trust by any of the persons above described for their account and for investment.
TRUST TRANSACTIONS. In connection with the management of the investment and reinvestment of the assets of the Trust, the Manager, acting by its own officers, directors or employees or by a duly authorized subcontractor, is authorized to select the brokers or dealers that will execute purchase and sale transactions for the Trust and is directed to use its best efforts to seek on behalf of a Fund the best overall terms available. In assessing the best overall terms available for any transaction, the Manager shall consider all factors it deems relevant, including the breadth of the market in and the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any, with respect to the specific transaction and on a continuing basis. Subject to this primary requirement, and maintaining as its first consideration the benefits to the Trust and its shareholders, the Manager shall have the right, subject to the control of the Board of Trustees, to follow a policy of selecting brokers and dealers who furnish statistical, research and other services to the Trust or to the Manager.
TRUST TRANSACTIONS. The Portfolio Manager agrees that neither it nor any of its officers or Directors will take any long or short term position in the shares of the Trust; provided, however, that such prohibition:
a) shall not prevent the Portfolio Manager from purchasing shares of the Trust if orders to purchase such shares are placed upon the receipt by the Portfolio Manager of purchase orders for such shares and are not in excess of such purchase orders received by the Portfolio Manager; and
b) shall not prevent the purchase of shares of the Trust by any of the persons above described for their account and for investment at the price at which such shares are available to the public at the time of purchase or as part of the initial capital of the Trust.
TRUST TRANSACTIONS. The Investment Manager is authorized to select the brokers or dealers that will execute the purchases and sales of a Fund’s investments and is directed to use its best efforts to obtain the best net results as described from time to time in the Fund’s PPM and Statement of Additional Information. The Investment Manager will promptly communicate to the Administrator and to the officers and the Trustees of the Trust such information relating to the Trust’s investment transactions as they may reasonably request. It is understood that the Investment Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Trust or be in breach of any obligation owing to the Trust under this Agreement, or otherwise, by reason of its having directed a securities transaction on behalf of a Fund to a broker-dealer in compliance with the provisions of Section 28(e) of the Securities Exchange Act of 1934 or as described from time to time by the Fund’s PPM and Statement of Additional Information.
TRUST TRANSACTIONS. The Advisor agrees that neither it nor any of its officers or Directors will take any long or short term position in the shares of the Trust; provided, however, that such prohibition:
(a) shall not prevent the Advisor from purchasing shares of the Trust if orders to purchase such shares are placed upon the receipt by the Advisor of purchase orders for such shares and are not in excess of such purchase orders received by the Advisor; and
(b) shall not prevent the purchase of shares of the Trust by any of the persons above described for their account and for investment at the price at which such shares are available to the public at the time of purchase or as part of the initial capital of the Trust.
TRUST TRANSACTIONS. The sale by National of the Stock to the Borrower, the purchase by the Borrower of the Stock, and the distribution, if any, of the Stock pursuant to the Plan, do not require registration under either the Securities Act of 1933 or the Investment Company Act of 1940 or any applicable state securities laws or regulations.
TRUST TRANSACTIONS. The Advisor is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Trust. With respect to brokerage selection, the Advisor shall seek to obtain the best overall execution for Trust transactions, which is a combination of price, quality of execution, and other factors. The Advisor may, in its discretion, purchase and sell portfolio securities from and to brokers and dealers who provide the Advisor with brokerage, research, analysis, advice, and similar services, and the Advisor may pay to these brokers and dealers, in return for such services, a higher commission or spread than may be charged by other brokers and dealers, provided that the Advisor determines in good faith that such commission is reasonable in terms either of that particular transaction or of the overall responsibility of the Advisor to each Fund and its other clients and that the total commission paid by the Trust will be reasonable in relation to the benefits to the Trust and its other clients over the long-term. The Advisor will promptly communicate to the officers and the trustees of the Trust such information relating to portfolio transactions as they may reasonably request.
TRUST TRANSACTIONS. The Investment Manager is authorized to select the brokers or dealers that will execute the purchases and sales of a Fund's investments and is directed to use its best efforts to obtain the best net results as described from time to time in the Fund's Prospectus and
TRUST TRANSACTIONS. In connection with the management of the investment and reinvestment of the assets of the Trust, IMCO, acting by its own officers, directors or employees or by a duly authorized subcontractor, is authorized to select the brokers or dealers that will execute purchase and sale transactions for the Trust and is directed to use its best efforts to seek on behalf of a Fund the best overall terms available. In assessing the best overall terms available for any transaction, IMCO shall consider all factors it deems relevant, including the breadth of the market in and the price of the security, the financial condition and execution capability of the broker or dealer, and the reasonableness of the commission, if any, with respect to the specific transaction and on a continuing basis. IMCO may, to the extent permitted under Section 28(e) of the Securities Exchange Act of 1934, as amended ("1934 Act"), cause a Fund to pay a broker or dealer that provides brokerage or research services to IMCO, a Subadviser, the Trust or a Fund an amount of commission for effecting a Fund transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if IMCO determines, in good faith, that such amount of commission is reasonable in relation to the value of such brokerage or research services provided in terms of that particular transaction or IMCO's overall responsibilities to the Fund, the Trust or its other investment advisory clients. To the extent permitted by said Section 28(e), neither IMCO nor any Subadviser shall be deemed to have acted unlawfully or to have breached any duty created by this Agreement or otherwise solely by reason of such action. In addition, subject to seeking "best execution" and in compliance with the Conduct Rules of the National Association of Securities Dealers, Inc., IMCO also may consider sales of shares of the Trust as a factor in the selection of brokers and dealers. In this regard, the Trust reserves the right to direct IMCO to cause Subadvisers to effect transactions in Fund securities through broker-dealers in a manner that will help generate resources to: (i) pay the cost of certain expenses which the Trust is required to pay or for which the Trust is required to arrange payment pursuant to this Agreement; or (ii) recognize broker-dealers for the sale of shares of the Trust. In addition, the Trust hereby agrees that any entity or person associated with IMCO or any Subadviser that is a m...