Ultra Vires Transaction definition

Ultra Vires Transaction means any transaction made by the Investment Manager in respect of the Fund in violation of the Investment Guidelines.
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Examples of Ultra Vires Transaction in a sentence

  • In circumstances where the Custodian determines that there is a violation of Investment Guidelines by the Investment Manager which is considered an Ultra Vires Transaction or there is a dispute over such Ultra Vires Transaction, the Custodian will issue an Ultra Vires Transaction notice in writing or by electronic transmission, stating clearly the facts, reasons and details of the Ultra Vires Transaction, to the Bureau and the Investment Manager.

  • After completing the handling of the Ultra Vires Transaction, the Investment Manager shall notify the Bureau and Custodian in writing in regard to the handling results of Ultra Vires Transaction within five (5) business days and disclose the facts and handling results of Ultra Vires Transaction in the monthly statement of the applicable month.

  • The domestic shares held by shareholders of the Company which are permitted to be listed and traded overseas shall be converted to overseas listed shares.

  • For securities-related products transaction, the Investment Agent shall remit account payable for the transaction considered by Party B as the Ultra Vires Transaction to the custodial account, for Party B to handle follow-up payment of margins or clearance and settlement.

  • The custodian institution shall promptly carry out the settlement accordingly within the scope of the funds and certificates of discretionary investment assets that could be utilized after the custodian institution confirms that there is no Ultra Vires Transaction after checking relevant settlement vouchers.

  • If Party B does not handle the Ultra Vires Transaction in accordance with provisions of this Article, which results in the failure of the custodian institution to complete the settlement, follow-up payment of margins or clearance and settlement, any liability arising therefrom shall be borne by Party B to the trading counterparties.

  • In the event Party A determines that there is an Ultra Vires Transaction on the detailed list of futures trading referred to in paragraph 2 or there is a dispute over such Ultra Vires Transaction, Party A shall immediately issue an Ultra Vires Transaction notice, stating clearly the facts, reasons and details of the Ultra Vires Transaction, to notify Party B, the Trading Counterparty and SITCA respectively.

  • If it is confirmed or determined by a final and definite arbitration award or judgment that the Ultra Vires Transaction is resulted from the mistake of Party A or Party B or other events that could be obviously attributable to Party A or Party B, Party A or Party B shall return the profits obtained therefrom plus interest to the party who suffers damage, and shall be responsible for compensation for damage, if any.

  • The relevant contracts entered into between Party B (on behalf of Party A) and the securities firm or other Trading Counterparties shall state clearly that the Investment Agent shall be responsible for settlement, performance of obligations, follow-up payment of margins, clearance and settlement and duties for breach of the contract arising from the Ultra Vires Transaction provided in this Article and Party A shall have no responsibility thereto.

  • If Party B is unable to timely notify Party A or to receive the written instruction of Party A in time, and such dispute cannot be solved through a timely negotiation, Party B shall issue Ultra Vires Transaction notices for the ultra vires portion, stating clearly the facts, reason and the details of the Ultra Vires Transaction, to Party A, the Investment Agent and the Trading Counterparties, respectively, before 11:00 AM of the next business day of the transaction day, and notify SITCA as well.

Related to Ultra Vires Transaction

  • Securities Transaction means a purchase of or sale of Securities.

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • FICASH II Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which one or more of the following two categories of securities, as specified by the Funds, shall constitute Eligible Securities: (x) securities issued by the government of the United States of America that are direct obligations of the government of the United States of America, or (y) securities issued by or guaranteed as to principal and interest by the government of the United States of America, or by its agencies and/or instrumentalities, including, but not limited to, the Federal Home Loan Bank, Federal Home Loan Mortgage Corp., Government National Mortgage Association, Federal National Mortgage Association, Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

  • Business Transaction means any initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses involving the Company.

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Consumer-goods transaction means a consumer transaction in which:

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • Manufactured-home transaction means a secured transaction:

  • Suspicious transaction means a “transaction” as defined below, including an attempted transaction, whether or not made in cash, which, to a person acting in good faith:

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Online Transaction means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Public-finance transaction means a secured transaction in connection with which:

  • Hostile Acquisition means (a) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by the board of directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (b) any such acquisition as to which such approval has been withdrawn.

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • Personal Securities Transaction means any transaction in a Covered Security in which an Access Person has a direct or indirect Pecuniary Interest.

  • Card Transaction means any purchase of goods and/or services or any transfer or cash advances effected by the use of a Card;

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Transaction Person with respect to a Transaction shall mean (i) any Person who (x) is or will become an Acquiring Person or a Principal Party (as such term is hereinafter defined) if the Transaction were to be consummated and (y) directly or indirectly proposed or nominated a director of the Company which director is in office at the time of consideration of the Transaction, or (ii) an Affiliate or Associate of such a Person.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.