Asset Segregation Sample Clauses
The Asset Segregation clause requires that a party keep certain assets separate from other property, ensuring they are not commingled with unrelated assets. In practice, this often means maintaining distinct accounts or records for client funds, trust property, or collateral, so these assets can be easily identified and protected. The core function of this clause is to safeguard the interests of asset owners by preventing misuse or confusion, and to facilitate clear ownership and recovery in the event of insolvency or dispute.
Asset Segregation. Sub-Advisor will review each Fund’s Sub-Advisor Assets for which Sub-Advisor has information and determine, through use of its policies, procedures and interpretations of applicable rules and standards, the amounts Sub-Advisor believes should be segregated against the instruments Sub-Advisor is aware of the Fund holding that Sub-Advisor believes cause a requirement for segregation. Sub-Advisor will then determine that Fund holdings Sub-Advisor believes to be liquid securities (based on Sub-Advisor’s internal practices and interpretations) exist in sufficient quantity to at least equal the amounts required for segregation. Sub-Advisor is not required to communicate such determinations to the Funds’ custodian or administrator or to Advisor, though Sub-Advisor may make quarterly reports to Advisor that Sub-Advisor has performed the actions described in this paragraph.
Asset Segregation. The Sub-Adviser’s actions with respect to the Fund’s asset segregation are limited to the following: (i) reviewing the portfolio holdings of the Fund for which the Sub-Adviser has information and responsibility and determining, through use of the Sub-Adviser’s and its affiliates’ policies, procedures and interpretations of applicable rules and standards, and agreements, the amounts the Sub-Adviser believes should be segregated against the instruments the Sub-Adviser is aware of the Fund holding that the Sub-Adviser believes cause a requirement for segregation; and (ii) determining that Fund holdings the Sub-Adviser believes to be liquid securities (based on the Sub-Adviser’s and its affiliates’ internal practices, interpretations and agreements) exist in sufficient quantity to at least equal the amounts required for segregation.
Asset Segregation. No Relevant Obligor shall (and the Company shall ensure that no member of the Group will) commingle any assets of such Relevant Obligor or other member of the Group comprised in any Excluded Project with any assets comprised in any Project or the Mocha Slot Business.
Asset Segregation. (a) The Company shall not permit and Cubic Louisiana Holding, LLC and Cubic Louisiana, LLC shall not (i) form or acquire any Subsidiaries, or (ii) acquire assets (other than cash received in respect of production from the Legacy Assets).
(b) The Company shall cause Cubic Louisiana, LLC and Cubic Louisiana Holding, LLC to, and each of Cubic Louisiana, LLC and Cubic Louisiana Holding, LLC shall deposit all cash or other property or payments received in respect of or relating to Legacy Assets in a Legacy Asset Account.
(c) The Non-▇▇▇▇▇ Loan Parties shall deposit all cash, cash equivalents, securities or other property or payments received by them or in respect of or relating to assets acquired by any Non-▇▇▇▇▇ Loan Party in an Acquired Asset Account.
(d) The Non-▇▇▇▇▇ Loan Parties shall not transfer, lease, sublease, license, sublicense, convey, distribute or otherwise dispose of (including by way of merger, consolidation, amalgamation or otherwise) any assets to any ▇▇▇▇▇ Loan Party.
Asset Segregation