Common use of Investment Objectives and Restrictions Clause in Contracts

Investment Objectives and Restrictions. 5.1. In performing its services, the Manager shall have regard to and shall comply with the Investment Objective and the Investment Restrictions set out in Schedule 1 to this Agreement. 5.2. In performing its services, the Manager shall at all times have regard to: 5.2.1. the intention that the Fund attracts SEIS Income Tax Relief and/or CGT Relief, and 5.2.2. all Applicable Laws. 5.3. Generally, the Manager reserves the right to return uninvested cash if it concludes that it cannot be properly invested for the Investor and it considers it to be in the best interests of the Investor, having regard to availability of SEIS Reliefs and/or CGT Relief for the Investor. 5.4. In the event of a gradual realisation of Investments prior to termination of the Fund under Clause 15.1, the cash proceeds of realised investments will be distributed amongst the Investors in accordance with their interest in the Investments. For the avoidance of doubt, any proceeds shall be distributed subject to any deduction of fees as set out in Schedule 2 of this Agreement.

Investment Objectives and Restrictions. 5.1. In performing its services, the Manager shall have regard to and shall comply with the Investment Objective and the Investment Restrictions set out in Schedule 1 to this Agreement. 5.2. In performing its services, the Manager shall at all times have regard to: 5.2.1. the intention that the Fund attracts SEIS EIS Income Tax Relief and/or CGT ReliefDeferral, and 5.2.2. all Applicable Laws. 5.3. Generally, the Manager reserves the right to return uninvested cash if it concludes that it cannot be properly invested for the Investor and it considers it to be in the best interests of the Investor, having regard to availability of SEIS EIS Reliefs and/or CGT Relief Deferral for the Investor. 5.4. In the event of a gradual realisation of Investments prior to termination of the Fund under Clause 15.1, the cash proceeds of realised investments will be distributed amongst the Investors in accordance with their interest in the Investments. For the avoidance of doubt, any proceeds shall be distributed subject to any deduction of fees as set out in Schedule 2 of this Agreement.

Investment Objectives and Restrictions. 5.1. In performing its services, the Manager shall have regard to and shall comply with with, the Investment Objective and the Investment Restrictions set out in Schedule 1 to this Agreement. 5.2. In performing its services, the Manager shall at all times have regard to: 5.2.1. the intention that the Fund attracts SEIS EIS Income Tax Relief and/or CGT ReliefDeferral, and and 5.2.2. all Applicable Laws. 5.3. Generally, the Manager reserves the right to return uninvested cash if it concludes that it cannot be properly invested for the Investor and it considers it to be in the best interests of the Investor, having regard to availability of SEIS EIS Reliefs and/or CGT Relief Deferral for the Investor. 5.4. In the event of a gradual realisation of Investments prior to termination of the Fund under Clause 15.1, the cash proceeds of realised investments will be distributed amongst the Investors in accordance with their interest in the Investments. For the avoidance of doubt, any proceeds shall be distributed subject to any deduction of fees as set out in Schedule 2 of this Agreement.