Common use of BACKGROUND Clause in Contracts

BACKGROUND. The Funds are management investment companies registered under the Investment Company Act of 1940 (the “Act”).

Appears in 156 contracts

Sources: Joint Insured Bond Agreement (FT Vest Total Return Income Fund: Series A3), Joint Insured Bond Agreement (Variant Impact Fund), Joint Insured Bond Agreement (Variant Alternative Income Fund)

BACKGROUND. The Funds are management investment companies registered under the Investment Company Act of 1940 (the “"Act”").

Appears in 4 contracts

Sources: Joint Insured Bond Agreement (First Trust Hedged Strategies Fund), Joint Insured Bond Agreement (Variant Alternative Income Fund), Joint Insured Bond Agreement (Variant Alternative Income Fund)

BACKGROUND. The Funds will be or are management investment companies registered under the Investment Company Act of 1940 (the “Act”).

Appears in 1 contract

Sources: Joint Insured Bond Agreement (Infinity Core Alternative Fund)

BACKGROUND. The Funds are management investment companies registered under the Investment Company Act of 1940 (the “Act”“).

Appears in 1 contract

Sources: Joint Insured Bond Agreement (Aspiriant Risk-Managed Capital Appreciation Fund)