Fund Operations Clause Samples
The 'Fund Operations' clause defines the rules and procedures governing the day-to-day management and administration of a fund. It typically outlines responsibilities such as handling investments, managing cash flows, maintaining records, and ensuring compliance with relevant laws and regulations. By clearly specifying operational protocols, this clause ensures that all parties understand how the fund will be run, promoting transparency and reducing the risk of mismanagement or disputes.
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Fund Operations. The Manager shall (i) in coordination with Fund counsel and other Fund service providers, draft and prepare (or coordinate the drafting and preparing of) and arrange for the filing and dissemination of, the Funds’ registration statements and other Fund disclosure documents as may be required by federal or state securities laws; (ii) provide or coordinate the provision of legal services to the Funds; (iii) provide services reasonably necessary to implement the Funds’ disclosure controls and procedures with respect to compliance with the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act; (iv) prepare materials related to the Funds’ Directors and Officers (“D&O”) Errors and Omissions (“E&O”) insurance and fidelity bond insurance, recommend premium allocations and maintain related records; (v) liaise with facility providers to maintain the Funds’ annual credit facility agreement, as directed by the Board, and provide due diligence documentation regarding the Funds; (vi) provide assistance to the Board in valuing the securities and other instruments held by each Fund, to the extent reasonably required by such valuation policies and procedures as may be adopted by each Fund; (vii) oversee the computation of the net asset value as calculated by service providers of the Funds and reconcile account information and balances among the Funds’ custodian, transfer agent and dividend disbursing agent; (viii) oversee the calculation of the Funds’ net income, dividend rates, money market yields, if applicable, and other investment performance quotations consistent with Board directives and applicable law; (ix) facilitate audits by the Fund’s independent public accountants or by any regulatory body with jurisdiction over the Fund; and (x) provide assistance and resources necessary for conducting shareholder meetings, such as meeting spaces, agendas and other items necessary for such meetings, excluding, however, the preparation and mailing of proxy and information statements and related materials.
Fund Operations. Participate, as reasonably requested, in the development of policies and procedures, including operational, accounting, reporting, and monitoring procedures, to effectuate securities and other transactions on behalf of the Fund and the Portfolios, including, stated objectives as appropriate, securities lending programs, the establishment and use of lines of credit on behalf of the Fund and/or inter-Portfolio lending capabilities, and the establishment and use of inter-Portfolio securities trading capabilities. In connection with the foregoing, the Sub-Administrator shall, upon reasonable request, assist in the preparation of any application for exemptive or no-action relief, if required.
Fund Operations. Operation of these funds shall be governed by the Trustees so appointed by their respective bodies. These monies will be remitted to the Trustees by the fifteenth(15th) day of the month following that which contributions cover. The remittance shall be made in accordance with and through the same method established in this Agreement for the transmission of other funds.
Fund Operations. Operation of these funds shall be governed by the Trustees so appointed by their respective bodies. These monies will be remitted to the Trustees by the fifteenth (15th) day of the month following that which contributions cover. The remittance shall be made in accordance with and through the same method established in this Agreement for the transmission of other funds.
11.12 Piping Industry of B.C. Indemnity Fund (PllF) The Employer shall contribute the required amounts as noted in Appendix A, to the J.T.l.P. in accordance with the Trust Document. Parties to this Agreement jointly recognize a need to provide a measure of protection to employees whose earnings or other contractual obligations may be left unsatisfied by reason of default on the part of their Employers. For the purpose of meeting such need, the parties hereto agreed to the provisions of the Piping Industry of British Columbia Indemnity Fund which shall be available for the satisfaction of legitimate claims as expeditiously as possible presented by employees employed under the terms and conditions of this Agreement.
Fund Operations. 2.1 The Fund, as an investment screening and investment financing cooperation mechanism, should be monitored by a committee constituted by the representatives nominated by each Party in equal numbers to oversee the implementation of the Fund and review its operation reports.
2.2 The representatives abovementioned will meet annually in the format to be defined by the Parties.
2.3 BNDES and ClaiFund may agree, in accordance with separate agreements, to have regular meetings to discuss opportunities and potential investments for projects of mutual interest.
2.4 The potential financial support by each of the operating institutions will comply with their policies, regulations and standard analysis and approval procedures and may consist of one or more cooperation model including but without limitation to: debt financing (i.e. on-lending arrangements, working capital loans, syndication loan, etc.), equity investments and fund investments, and any other mechanism which may be decided by the relevant operating institutions which provide financial support. Each of the operating institutions shall independently decide the form of the financial support.
2.5 The Fund shall operate according to the following guidelines:
a) Projects shall be in compliance with the applicable rules relating to Environmental, Social and Governance (ESG) and aim to achieve mutual benefit to both Brazil and China;
b) Projects shall be located in Brazil and have a participation of Chinese investors; and
c) projects in the existing portfolio of the operating institutions that meet the above project criteria may also be considered as Projects under the Fund,
2.6 BNDES and ClaiFund should report to the committee under item 2.1 annually on the matters set forth under item 2.3.