Fund Term definition

Fund Term meanss 99 years from the Listing Date, renewable in the discretion of the Fund Manager following CMA approval;
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Fund Term means the term of the Fund, being 99 Gregorian years.
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Fund Term means 99 years as from the Listing Date, renewable at the discretion of the Fund Manager following obtaining CMA’s approval;
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Examples of Fund Term in a sentence

  • Legal, tax, zakat and regulatory or other changes may occur in the Kingdom during the Fund Term, which could have an adverse effect on the Fund, its investments or the Unitholders.

  • The Fund term shall be (99) years from the date on which the Units are listed on the Saudi Stock Exchange ‘Tadawul’ ("Date of Listing") and made available for trading ("Fund Term").

  • The Fund Term is renewable in the discretion of the Fund Manager with the approval of the CMA.

  • While it may be possible to sell the investment, it is not generally expected that this will occur and accordingly, Investors must be aware that there is unlikely to be any return of capital or payments on the investment for the Fund Term.

  • The Fund Term is renewable for a similar term in the sole discretion of the Fund Manager with the approval of the Fund Board and CMA.

  • In consideration for managing the assets of the Fund, the Fund Manager will be paid an annual management fee (the “Management Fee”) during the Fund Term by the Fund equal to 1% of the total Net Asset Value.The Management Fee will be borne by the Fund and will be calculated and payable semi-annually in arrears commencing on the Closing Date.

  • During the Fund Term, if the Fund Manager due to any change in law, regulation or other circumstances that the Fund Manager finds it appropriate to terminate the Fund, i.e. inability to finish its project due to increased costs or unavailability of labour, the Fund Manager may terminate the Fund after giving 30 days written notice to the Unitholders subject to CMA's approval.

  • At the end of the Fund Term, all the Assets of the Fund will be liquidated and capital and profits, if any, will be distributed to the Unitholders.

  • The Fund Manager also acknowledges that the property is free of any irregularities that prevent or may result in non-utilization of the building or operation, or may result in costly repairs and major changes.1-1 General Description of the Real Estate AssetsThe Fund Manager will buy and sell properties that fit within the Fund’s investment strategies throughout the Fund Term.

  • The performance fee shall be finally paid at the end of the Fund Term.

Related to Fund Term

  • Bond Terms means these terms and conditions, including all Attachments which shall form an integrated part of these Bond Terms, in each case as amended and/or supplemented from time to time.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • Term of Agreement for the purposes of this Agreement shall have the meaning ascribed thereto in Article 2.2 of this Agreement;

  • Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.

  • (1) IN GENERAL.—The term qualified trade or business’ means any trade or business other than—

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity Date.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Liquidation Period has the meaning set forth in Section 10.6 of this Agreement.

  • (A) IN GENERAL.—The term qualified property’ means property—

  • Extension Period has the meaning specified in Section 3.12.

  • Term XXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on XXXXX that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice.

  • (i) IN GENERAL.—The term corporate bond yield curve’ means, with respect to any month, a yield curve which is prescribed by the Secretary for such month and which reflects the average, for the 24-month period ending with the month preceding such month, of monthly yields on investment grade corporate bonds with varying maturities and that are in the top 3 quality levels available.

  • Distribution Period means, as to any securities or combination of securities, each period from and including a Distribution Date for such securities to but not including the next succeeding Distribution Date for such securities.

  • Initial Term has the meaning set forth in Section 7.1.

  • Special Redemption and Liquidation Period shall be as set forth in the Prospectus under "Summary of Essential Information."

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Renewal Period the period described in clause 13.1.

  • a term s notice" means written notice given not later than the first day of the term preceding the term to which the notice relates;

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

Most Referenced Clauses

Most Referenced Definitions