Indirect Fund definition

Indirect Fund means an investment company (the “acquiring company”) that beneficially owns (a) in excess of 3.0% of the voting stock of any other investment company (other than a money market fund), (b) one or more securities, issued by another investment company (other than a money market fund), the aggregate value of which exceed 5.0% of the total assets of the acquiring company, or (c) one or more securities, issued by other investment companies (other than money market funds), the aggregate value of which exceed 10.0% of the total assets of the acquiring company.
Indirect Fund means an investment company that makes or maintains investments in reliance upon Sections 12(d)(1)(E), (F), (G) or (J) of the ICA.
Indirect Fund means any “registered investment company” within the meaning of Section 8 of the Investment Company Act that has made or holds any investment in excess of 10% of its total assets made in reliance on Sections 12(d)(1)(E), (F), (G) or (J) of the Investment Company Act (other than an investment made in reliance on Rules 12d1-1 thereunder).

Examples of Indirect Fund in a sentence

  • The Borrower is not an Indirect Fund or a “business development company” within the meaning of the Investment Company Act.

  • The Borrower is a diversified “closed-end” “investment company” and is subject to regulation under the ICA, it is not an Indirect Fund, and it is not a “business development company” within the meaning of the ICA.

  • The Borrower is a diversified “closed-end” “investment company” and is subject to regulation under the ICA, it is not an Indirect Fund or a “business development company” within the meaning of the ICA.

  • No Credit Party is a person of which the Lender, or any “affiliated person” of the Lender, is an “affiliated person” (as defined in Section 2(a)(3) of the Investment Company Act); is a person with respect to which the Lender or any “affiliated person” of the Lender, has acted in the capacity of “principal underwriter” or “promoter” (as those terms are defined in Investment Company Act Sections 2(a)(20) and (30)); or is an Indirect Fund.

  • The Borrower is a non-diversified “closed-end management investment company’ and is subject to regulation under the Investment Company Act, it is not an Indirect Fund or a “business development company’ within the meaning of the Investment Company Act.

  • The Guarantor is a non-diversified “closed-end” “investment company” and is subject to regulation under the Investment Company Act, it is not an Indirect Fund or a “business development company” within the meaning of the Investment Company Act.

Related to Indirect Fund

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Project Fund means the Fund so designated and established by Article V hereof.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Direct Account : means any Account which is not an ISA Account.

  • Indirect Owner means, in the case of a Protected Partner that is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such Protected Partner, and in the case of any Indirect Owner that itself is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such entity.

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Indirect means to act or attempt to accomplish an act through an interest in a business association, through one or more affiliates or intermediaries, or by any method other than a direct approach, including by any circuitous or oblique method.

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

  • Direct Investments means assets which are not Underlying Funds.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Indirect Political Event shall have the meaning set forth in Clause 21.3;

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.

  • direct “notify” “notice” or “request” means apply approve approval consent direct notify notice or request (as the case may be) in writing;

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.