Aquila Funds definition

Aquila Funds. (each an "Aquila Fund") shall mean all funds in The Aquila Group of Funds and any fund to which an Aquila Entity provides administrative, distribution or investment advisory services, including:
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Examples of Aquila Funds in a sentence

  • Advisory Persons may not render investment advice to persons other than Aquila Entities or Aquila Funds, unless the advisory relationship, including the identity of those involved and any fee arrangements, has been disclosed to and approved by the President.

  • Advisory Persons who have acquired Limited Offering Securities pursuant to prior written approval from the CCO or his or her designee must immediately disclose that investment to the CCO or his or her designee before they participate at any level in any Aquila Fund's subsequent consideration of an investment in the same issuer.

  • Codes of ethics have been adopted by each of the Aquila Entities and each of the Aquila Funds, and cover every officer, trustee, director, LLC Manager, Control Person and employee of those entities.

  • In such circumstance, the Aquila Fund's decision to purchase Securities of the issuer will be subject to independent review by other investment personnel with no personal interest in the issuer.

  • As a registered investment adviser, AIM has a fiduciary obligation to the Aquila Funds and any other Aquila advisory clients.

  • In addition, serving as a director, trustee, officer or similar person for any company, organization or other enterprise, other than an Aquila Fund or Aquila Entity (“External Company”), may present actual or apparent conflicts between the duties owed by the Employee to that enterprise and to the Aquila Entities, or Aquila Funds and other Aquila clients.

  • Employees must maintain the utmost confidentiality with respect to proprietary, sensitive or otherwise non-public information of or regarding the Aquila Entities, or the Aquila Funds or other Aquila clients, including non-public investment recommendations, investment decisions and securities holdings of the Aquila Funds or other Aquila clients.

  • This prohibition covers transactions for the Aquila Funds or other Aquila clients made in the course of a person’s employment or association with an Aquila Entity, as well as Personal Trading activities.

  • In addition, under Rule 17j-1, the board(s) of directors/trustees of the Aquila Funds are required to approve any material changes to this Code no later than six months after adoption of the material change.

  • Accordingly, Employees must not discuss a contemplated investment-related recommendation, investment decision, or non-public securities holdings with persons outside of the Aquila Entities, except for persons who provide services to the Aquila Entities or the Aquila Funds and who themselves have an obligation to keep the information they receive confidential (e.g., transfer agents, outside counsel, auditors, custodians, etc.).

Related to Aquila Funds

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Public funds means money belonging to the government.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.