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.

  • 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 Committee and the Investment Manager.

  • 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 shall issue an Ultra Vires Transaction notice in writing or by electronic transmission stating the facts, reasons and details of the Ultra Vires Transaction to the Committee and the Investment Manager.

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.