Portfolio Manager Breach definition

Portfolio Manager Breach has the meaning set forth in Section 5.03(a).
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Portfolio Manager Breach means the gross negligence, willful misconduct or bad faith on the part of the Portfolio Manager under or in connection with this Agreement.
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Portfolio Manager Breach means any of the following:
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Examples of Portfolio Manager Breach in a sentence

  • Under the Portfolio Management Agreement, the Portfolio Manager is exempted from liability arising out of or in connection with the performance of its duties under the Portfolio Management Agreement except for a "Portfolio Manager Breach" (as that term is defined in the section of this Offering Circular entitled "The Portfolio Management Agreement").

  • Direct interconnection into the signalling system is not favoured for these types of systems.The system can operate a PC at a remote site in order to store data for future reference and provide other remote monitoring functions.

  • In particular, the Issuer has agreed to indemnify the Portfolio Manager for any costs or liabilities incurred by the Portfolio Manager in respect of the Notes other than those caused by a Portfolio Manager Breach (as further described under "The Portfolio Management Agreement - Indemnities").

  • The confidence value of each prediction is the maximum probability of the predictions.


More Definitions of Portfolio Manager Breach

Portfolio Manager Breach means the occurrence of any Portfolio Manager Breach (as defined in the Portfolio Management Agreement).
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Portfolio Manager Breach. The occurrence of any of the following: (a) an act of gross negligence, bad faith or willful misconduct by the Portfolio Manager in the performance of any of its duties under this Agreement or the Engagement Letter; (b) a breach by the Portfolio Manager of any agreement, covenant or other obligation in this Agreement or the Engagement Letter; or (c) any representation or warranty by the Portfolio Manager in this Agreement or the Engagement Letter shall fail to be true and correct, and in the case of (b) and (c) such failure or breach is not cured within seven Business Days after written notice to the Portfolio Manager and would, in the reasonable good faith judgment of the Arranger, have a material adverse effect on the Arranger’s ability to close the CLO Transaction.
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Portfolio Manager Breach. The occurrence of any of the following: (a) an act of gross negligence, bad faith or willful misconduct by the Portfolio Manager in the performance of any of its duties under this Agreement; (b) a breach by the Portfolio Manager of this Agreement or any representation or warranty by the Portfolio Manager in this Agreement fails to be true and correct, (c) failure to offer the Arranger a right of first refusal on any Refinancing Transaction prior to the Maturity Date or (d) failure to pay the Senior Notes in full upon a Refinancing Transaction.
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Portfolio Manager Breach shall have the meaning set forth in Section 10(a).
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Related to Portfolio Manager Breach

  • Portfolio Manager means any individual employed by Loomis Sayles who has been designated as a Portfolio Manager by Loomis Sayles. A person is considered a Portfolio Manager only as to those client accounts as to which he or she is designated by the Chief Compliance Officer as such. As to other client accounts, he or she is simply an Access Person.

  • Portfolio means all policies of the same terms and conditions and the benefit schedule as certified by the Government as a Certified Plan under VHIS.

  • California Renewables Portfolio Standard means the renewable energy program and policies codified in California Public Utilities Code Sections 399.11 through 399.31 and California Public Resources Code Sections 25740 through 25751, as such provisions may be amended or supplemented from time to time.

  • Investment Management Agreement or IMA means the Investment Management Agreement (IMA) dated December 9, 2002, executed between UTI Trustee Company Private Limited and UTI Asset Management Company Limited.