Implicit Waiver definition

Implicit Waiver means the Compliance Officer failed to take action within a reasonable period of time regarding a material departure from a provision of the Code that has been made known to an Executive Officer.
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Implicit Waiver means the Fund’s failure to take action within a reasonable period of time regarding a material departure from a provision of the Code of Ethics for Financial Professionals that has been made known to an executive officer.
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Implicit Waiver means a failure of the Company failure to take action within a reasonable time regarding any material provision of this Code that has been made known to an executive officer of the Company.
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More Definitions of Implicit Waiver

Implicit Waiver means the Trust's failure to take action within a reasonable period of time regarding a material departure from this Code that has been made known to an Executive Officer.
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Related to Implicit Waiver

  • Waiver means the approval by the Board of a material departure from a provision of this Code. An “implicit waiver” means the Company’s failure to take action within a reasonable period of time regarding a material departure from a provision of this Code that has been made known to an executive officer of the Company. An “amendment” means any amendment to this Code other than minor technical, administrative or other non-substantive amendments hereto.