Specific Investment Restrictions Clause Samples

The Specific Investment Restrictions clause sets out particular limitations or prohibitions on the types of investments that may be made under an agreement. It typically details asset classes, industries, geographic regions, or risk profiles that are either excluded or subject to special conditions, such as prohibiting investments in highly speculative ventures or certain countries. This clause serves to align investment activities with the parties’ risk tolerance and regulatory requirements, thereby protecting stakeholders from undesired or non-compliant investments.
Specific Investment Restrictions. The restrictions contained in this subsection 7.(E)(iii). apply to the Decommissioning Trust Fund and the Second Fund in the aggregate. (a) Fixed-income investments. Assets of the Funds shall not be invested in corporate or municipal debt securities that have a bond rating below investment grade “BBB-” by Standard & Poor’s Corporation or “Baa3” by Moody’s Investor’s Service) at the time that the securities are purchased. If the debt rating of a company or municipality issuing the particular debt security falls below investment grade at some time after the security was purchased, the appropriateness of continuing to hold such security shall be reexamined. The overall portfolio of debt instruments shall have a quality level, measured quarterly not below an “AA” grade by Standard & Poor’s Corporation or “Aa2” by Moody’s Investor’s Service. In calculating the quality of the overall portfolio, debt securities issued by the federal government shall be considered as having an “AAA” rating.
View SourceView Similar (6)
Specific Investment Restrictions. In investing the Fund Property, the Manager and the Investment Advisor, if applicable, may not: (a) invest more than 60% of the Fund's Total Asset Value in securities of Private Issuers; (b) acquire 20% or more of any class of voting securities of an issuer which is a Public Issuer at the date of acquisition; (c) borrow money in excess of 15% of the Fund's Total Asset Value, calculated as at the date of the borrowing and as at the end of each calendar quarter. For these purposes the amount of any margin loan shall be treated as borrowed money; (d) purchase or sell commodities, commodity contracts or derivatives; (e) acquire direct interests in mining, oil and natural gas or similar ventures, other than through the ownership of securities; (f) sell securities short; (g) invest more than 10% of the Fund's Total Asset Value in securities of Special Energy Issuers; (h) invest less than 15% of the Fund's Total Asset Value in securities of Established Companies and High Quality Money Market Instruments; (i) invest less than 40% of the portion of the Fund's Total Asset Value which is invested in securities of Public Issuers, in securities listed on the Toronto Stock Exchange; (j) invest in any assets other than securities of Public Issuers and Private Issuers and in High Quality Money Market Instruments; (k) make any investment that would result in the Fund failing to qualify as a "unit trust" within the meaning of paragraph 108(2)(b) of the Tax Act. The current definition of "unit trust" requires, among other things, that: (i) at all times at least 80% of the property of the Fund must consist of a combination of shares; property that, under the terms or conditions of which or under an agreement, is convertible into, exchangeable for, or confers a right to acquire shares; bonds, debentures, mortgages, hypothecary claims, notes and other similar obligations; marketable securities; cash; real property situated in Canada and interests in real property situated in Canada; or rights to and interests in any rental or royalty computed by reference to the amount or value of production from a natural accumulation of petroleum or natural gas in Canada, from an oil or natural gas well in Canada or from a mineral resource in Canada; (ii) not less than 95% of the Fund's income for each year must be derived from, or from the disposition of, investments described in (i) above; (iii) at no time may more than 10% of the Fund's property consist of bonds, securities or shares in th...
View Source
Specific Investment Restrictions 
View Source

Related to Specific Investment Restrictions

  • Investment Restrictions As described in Fund’s current prospectus and SAI provided by Manager and as agreed to by Sub-Adviser.

  • Content Restrictions You agree not to use any Product or Service to store, display, or transmit content that is deceptive, libelous, defamatory, obscene, racist, hateful, infringing or illegal, and to the extent Authorized Users exercise the rights granted to you under this Agreement, you represent and agree that you will ensure that such Authorized Users will also comply with the obligations applicable to such exercise set forth in this Agreement. We take no responsibility and assume no liability for any Customer Property that you, an Authorized User, or third party out of our control posts, submits, displays, or otherwise makes available via the Products or Services, and you agree that we are acting only as a passive conduit for the online distribution and publications of such Customer Property.

  • ACCOUNT RESTRICTIONS In order to receive and maintain a Secured VISA Platinum Rewards Credit Card, You agree to give Us a specific pledge of shares which will equal 105.00% of Your approved Credit Limit. In the event that You default on Your Secured VISA Platinum Rewards Credit Card, We may apply these shares toward the repayment of any amount owed on such Credit Card. You may cancel Your Secured VISA Platinum Rewards Credit Card at any time by paying any amounts owed on such Card. To be certain that Your entire balance and all advances are paid, any shares pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for which You are approved. Unless You are in default, the Credit Limits established for You will generally be self-replenishing as You make payments.

  • EXPORT RESTRICTIONS EXPORT OF THE SOFTWARE IS PROHIBITED BY UNITED STATES LAW. THE FUND MAY NOT UNDER ANY CIRCUMSTANCES RESELL, DIVERT, TRANSFER, TRANSSHIP OR OTHERWISE DISPOSE OF THE SOFTWARE (IN ANY FORM) IN OR TO ANY OTHER COUNTRY. IF CUSTODIAN DELIVERED THE SOFTWARE TO THE FUND OUTSIDE OF THE UNITED STATES, THE SOFTWARE WAS EXPORTED FROM THE UNITED STATES IN ACCORDANCE WITH THE EXPORTER ADMINISTRATION REGULATIONS. DIVERSION CONTRARY TO U.S. LAW IS PROHIBITED. The Fund hereby authorizes Custodian to report its name and address to government agencies to which Custodian is required to provide such information by law.

  • Distribution Restrictions The Employer must elect in Section 6.03 the Adoption Agreement the distribution events permitted under the Plan. The distribution events applicable to the Participant's Deferral Contributions Account, Qualified Nonelective Contributions Account and Qualified Matching Contributions Account must satisfy the distribution restrictions described in paragraph (m) of Section 14.03.