Xxxxxxx Rule definition

Xxxxxxx Rule means Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder.

Xxxxxxx Rule. Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder.

Xxxxxxx Rule means Section 619 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act together with the regulations adopted to implement such statutory provision.

Examples of Xxxxxxx Rule in a sentence

• The Borrower (i) is not, and is not controlled by, an “investment company” registered or required to be registered under the Investment Company Act and (ii) is not a “covered fund” under the Xxxxxxx Rule.

• In reaching this conclusion, although other statutory or regulatory exclusions or exemptions under the 1940 Act or the Xxxxxxx Rule may be available, the Seller has relied on the exclusion from registration set forth in Rule 3a-7 under the 1940 Act.

• In determining that the Borrower is not a “covered fund” under the Xxxxxxx Rule, the Borrower relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act.

• Neither the Issuer nor the Holding Trust is a “covered fund” for purposes of the Xxxxxxx Rule.

• In determining that Seller is not a “covered fund” under the Xxxxxxx Rule, Seller is entitled to rely on the exemption from the definition of “investment company” set forth in Section 3(c)(5)(A) or (B) of the Investment Company Act and may also rely on other exemptions under the Investment Company Act.

More Definitions of Xxxxxxx Rule

Xxxxxxx Rule means the common rule entitled “Proprietary Trading and Certain Interests and Relationships with Covered Funds” published at 79 Fed. Reg. 5779 et seq.

Xxxxxxx Rule. Section 619 of the Xxxx-Xxxxx Act, and the applicable rules and regulations thereunder.

Xxxxxxx Rule means Section 619 of the Xxxx-Xxxxx Act, together with any implementing regulations.

Xxxxxxx Rule means the regulations adopted to implement Section 619 of the Xxxx-Xxxxx Act, as amended.

Xxxxxxx Rule shall have the meaning specified in Section 3.1(i).

Xxxxxxx Rule has the meaning given to it in Section 4.01(h).

Xxxxxxx Rule means Section 419 of Xxxx-Xxxxx, together with the interpretations, regulations, rules and pronouncements of any Governmental Authority with respect thereto.