ARC Funds definition
Examples of ARC Funds in a sentence
The decision with respect to the specific properties to be acquired by each ARC Fund shall be agreed upon by the ARC Fund Advisors of such ARC Funds.
With respect to any allocation of properties pursuant to this Section 1.1 based on the chronological order starting with the ARC Fund that has not acquired a property for the longest period of time, if the ARC Funds last acquired a property on the same date, the allocation of such Proposed Property Acquisitions shall be to the ARC Fund with the smallest property portfolio based on gross purchase price.
With respect to any allocation of properties pursuant to this Section 1.1 based on the chronological order starting with the ARC Fund that has not acquired a property for the longest period of time, if the ARC Funds last acquired a property on the same date, the allocation of such properties shall be to the ARC Fund with the smallest property portfolio based on gross purchase price.
This Agreement may be terminated at any time by mutual consent of the Parties, and shall automatically terminate after the first continuous 180 day period during which the Current Percentage held or controlled by the ARC Funds, whether individually or together, is less than 10%.
Unless the ARC determines otherwise, when recruiting and employing Personnel other than Specified Personnel, the Administering Organisation will: follow its normal recruitment procedures; be responsible for salaries, recreation leave, sick leave and other conditions of employment; and be responsible for the on-costs provisions beyond the ARC contribution of 30 per cent (for example extended periods of leave, severance pay, and such like must not be provided from ARC Funds).