Permitted Funds definition

Permitted Funds means the sum of the following:

Permitted Funds means, collectively, (i) any Person electing to be treated as a real estate investment trust under the Code or any fund (or group of related funds) (which, in each case, may be managed by the Borrower or any Restricted Subsidiary) that has as its primary investment objective (a) the origination or acquisition of Residential Mortgage Loans (performing or non-performing) or interests therein, including mortgage backed securities and/or (b) the acquisition and/or origination of MSR or interest therein (including excess servicing fee spread) and (ii) any similarly structured Affiliate or Subsidiary of any of the foregoing.

Permitted Funds means one of the following:

Examples of Permitted Funds in a sentence

• The Portfolio may invest up to 10% of its net assets in Permitted Funds to the extent that such investment is consistent with its investment policy and restrictions and may not invest in Permitted Funds that allow leverage, as this may result in losses exceeding the Net Asset Valuation (NAV) of the portfolio of the Permitted Fund.

• The Portfolio may also invest up to one third of its net assets in equity and/or equity related Transferable Securities of other companies and non-equity related Transferable Securities and Permitted Funds.

• To the extent these Permitted Funds, in turn, invest in other funds, Shareholders may incur additional fees to those mentioned above.

• In valuing those holdings, the Administrator will need to rely on financial information provided by the Permitted Funds themselves.

• Permitted Funds may concentrate in only one geographic area or asset investment category, thereby taking on the risk of the market and of rapid changes to the relevant geographic area or investment category.

More Definitions of Permitted Funds

Permitted Funds means Landmark Dividend Growth Fund-C, LLC, a Delaware limited liability company, Landmark Dividend Growth Fund-E, LLC, a Delaware limited liability company, Landmark Dividend Growth Fund-F, LLC, a Delaware limited liability company, Landmark Dividend Growth Fund-G, LLC, a Delaware limited liability company and Landmark Dividend Growth Fund-H, LLC, a Delaware limited liability company.

Permitted Funds means funds used by a KCN Investment Entity to make any of its Cash Payments:

Permitted Funds means the proceeds of any equity issued by --------------- Holdings to a Person that will co-develop a market with Borrower or any of its Subsidiaries and which are contributed as equity to Borrower for the purpose of funding Market Co-Development Costs referred to in clause (ii)(F) of the definition of EBITDA for the purpose of developing a market in cooperation with such Person.

Permitted Funds means, collectively, (i) SerVertis Fund I L.P., a Delaware limited partnership, (ii) SerVertis Master Fund I L.P., an exempted limited partnership registered under the Exempted Limited Partnership Law (Revised) of the Cayman Islands, (iii) SerVertis Fund I Ltd., an exempted company incorporated and existing under the laws of the Cayman Islands, (iv) SerVertis REO LLC, a Delaware limited liability company, (v) SerVertis Depositor, LLC, a Delaware limited liability company, (vi) SerVertis SPV Holdings, LLC, a Delaware limited liability company, (vii) SerVertis Grantor Trust Holdings, LLC, a Delaware limited liability company, (viii) SerVertis GP, LLC, a Delaware limited liability company, (ix) any trust or similar Person, the beneficial interests of which are owned by the entities described in (i) – (viii) of this definition, (x) any Person electing to be treated as a real estate investment trust under the Code or any fund (or group of related funds) (which, in each case, may be managed by the Borrower or any Restricted Subsidiary) that has as its primary investment objective (a) the origination or acquisition of Residential Mortgage Loans (performing or non-performing) or interests therein, including mortgage backed securities and/or (b) the acquisition and/or origination of MSR or interest therein (including excess servicing fee spread) and (xi) any similarly structured Affiliate or Subsidiary of any of the foregoing.

Permitted Funds means Landmark Dividend Growth Fund-K, LLC, a Delaware limited liability company and Landmark Dividend Growth Fund-L, LLC, a Delaware limitedliability company.

Permitted Funds shall have the meaning assigned to such term in the definition of “Permitted Holders”.

Permitted Funds means one of the following: 1301