Examples of Parent Fund in a sentence
With respect to any obligation of the respective Fund, or Parent Funds on behalf of their respective individual Funds, arising out of this Agreement, the Bank shall look for payment or satisfaction of such obligation solely to the assets of the Fund to which such obligation relates as though the Bank had separately contracted with the Parent Fund by separate written instrument with respect to each Fund.
Seller and Purchaser shall each be liable for the compliance of its respective Affiliates, and Seller shall be responsible for the compliance by Parent Fund and its Affiliates, with the terms of this Section.
Each Sponsored Parent Fund Client (or the trust of which it is a series) is duly organized, validly existing and in good standing under the Laws of its respective jurisdiction of organization, except where the failure to be in good standing, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect on Parent.
It is understood that the services of the Investment Manager are not deemed to be exclusive and nothing in this Agreement shall prevent the Investment Manger, or any officer, director, partner or employee thereof, from providing similar services to other investment companies and other clients (whether or not their investment objectives and policies are similar to those of the Subsidiary or Parent Fund) or to engage in other activities.
Each Parent Fund is, and at all times as required under the Securities Laws since prior to its initial public offering of Securities (as defined in the Securities Act) has been, duly registered with the SEC, to the extent such registration is required, as an investment company under the Investment Company Act.
For purposes of this Agreement, "Parent Advisory Contract" means each Contract for such services provided by a Parent Advisory Entity; "Parent Advisory Client" means each party to a Parent Advisory Contract other than the applicable Parent Advisory Entity; "Parent Fund Client" means each Parent Advisory Client that is registered as an investment company under the Investment Company Act.
Additionally, this Agreement shall terminate automatically in the event that the investment advisory agreement (the "Parent Fund Agreement'') between ICM and the Invesco Actively Managed Exchange-Traded Commodity Fund Trust (the " Trust''), as it pertains to the Invesco Agriculture Commodity Strategy No K-1 ETF (the “ETF”), a series of the Trust, is terminated either by assignment or as otherwise permitted by the terms of the Parent Fund Agreement.
The obligations of the Subsidiary, including those imposed hereby, are not personally binding upon, nor shall resort be had to the private property of, any of the Trustees of the Parent Fund or the Subsidiary, shareholders, officers, employees or agents of the Subsidiary individually, but are binding only upon the assets and property of the Subsidiary.
The Boards of Trustees or directors of the Sponsored Parent Fund Clients (or the trust of which it is a series) operate in conformity with Sections 9, 10 and 16 of the Investment Company Act, except as set forth in Section 4.12(a) of the Parent Disclosure Schedule.
In the event that any Private Limited Partner (other than the Parent Fund) fails to make a contribution required under this Agreement within ten (10) days after the date such contribution is due, the General Partner may, in its sole discretion (but only with the consent of SBA given as provided in Section 5.