Mutual Fund Only XXX definition

Mutual Fund Only XXX means an XXX Account, established hereunder for the benefit of the Depositor and/or his or her Beneficiary or Beneficiaries, in which the Participant shall limit all direction of the investments in his or her Account to shares issued by a domestic Regulated Investment Company. Unless otherwise indicated or distinguished within this Agreement, the terms “Account,” “Custodial Account,” or “XXX,” when used in this Agreement shall include Mutual Fund Only IRAs.
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Examples of Mutual Fund Only XXX in a sentence

  • If a Participant selects a Mutual Fund Only XXX, the Participant shall limit all direction of investments in the Custodial Account to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only XXX Custodial Account and does not limit all direction of investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Custodial Account from a Mutual Fund Only XXX to the appropriate Custodial Account type.

  • However, funds in a Mutual Fund Only XXX can be held temporarily in a cash or money market account while awaiting investment.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX Custodial Account in order to confirm the Participant’s compliance with Article VIII, Section 4(a), of this Agreement, which limits all direction of investments in the Mutual Fund Only XXX to shares issued by a domestic Regulated Investment Company.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX Custodial Account in order to confirm the Participant’s compliance with subsection (a) above.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX in order to confirm the Participant’s compliance with Article VIII, section 4(a), of this Agreement, which limits investments in the Mutual Fund Only XXX to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only XXX and does not limit investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Account from a Mutual Fund Only XXX to the appropriate Account type.

  • However, funds in a Mutual Fund Only XXX can be held in a cash or money market account while awaiting investment.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX in order to confirm the Participant’s compliance with subsection (a) above.

  • If a Participant selects a Mutual Fund Only XXX, the Participant shall limit investments in the Account to shares issued by a domestic Regulated Investment Company.

Related to Mutual Fund Only XXX

  • Refund Policy For details, go to xxx.xxxxxx.xxx, Students, Policies, ADM 5.02 Financial Refund Policy

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Sinking Fund Payment means, with respect to a particular Group of 2024 Series A Bonds, as of any particular date of calculation, the amount required to be paid at all events by the Corporation on a single future date for the retirement of Outstanding 2024 Series A Bonds of such Group which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a 2024 Series A Bond of such Group or by call for redemption at the election of the Corporation.

  • the Independent Living Fund (2006) means the Trust of that name established by a deed dated 10th April 2006 and made between the Secretary of State for Work and Pensions of the one part and Margaret Rosemary Cooper, Michael Beresford Boyall and Marie Theresa Martin of the other part;

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Sinking Fund Provisions [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23

  • mandatory sinking fund payment has the meaning specified in Section 12.1.

  • Member contribution means a contribution under regulation 32;

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • Sustainable Investment means an investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance;

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Proprietary or Sub-advised Mutual Fund means any open-end Mutual Fund for which MSIM acts as investment adviser or sub-adviser.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.

  • Money market mutual fund means an open-end managed investment fund:

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • the London Bombings Relief Charitable Fund means the company limited by guarantee (number 5505072), and registered charity of that name established on 11th July 2005 for the purpose of (amongst other things) relieving sickness, disability or financial need of victims (including families or dependants of victims) of the terrorist attacks carried out in London on 7th July 2005;

  • Trial Period means the period from the first release of the GMO until the termination of the trial;

  • Religious holy day means a holy day observed by a religion whose places of worship are exempt from property taxation under Section 11.20, Tax Code.

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).

  • Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

  • Reserve Fund Property means, the Reserve Fund Initial Deposit and all proceeds thereof and all other amounts deposited in or credited to the Reserve Fund from time to time under this Agreement, all Eligible Investments made with amounts on deposit therein, all earnings and distributions thereon and proceeds thereof.