Entrusted Assets Sample Clauses
The Entrusted Assets clause defines the terms under which one party holds or manages assets on behalf of another. Typically, this clause outlines the types of assets covered, the responsibilities of the party entrusted with the assets, and any restrictions or obligations regarding their use or safekeeping. For example, it may specify that funds, property, or intellectual property must be kept separate from the trustee’s own assets and used only for agreed purposes. The core function of this clause is to ensure proper stewardship and protection of assets, reducing the risk of misuse or misappropriation.
Entrusted Assets. 2.1 Transfer of initially entrusted assets The Entrustee shall promptly notify the Custodian to transfer the initially entrusted assets in full to the Custody Account for Investment Assets once the relevant accounts are opened, and the Custodian shall give notices in writing to the Entrustee and the Investment Administrator respectively on the day of receipt of the entrusted assets.
2.2 Addition of entrusted assets Within the term of the Agreement, after the Entrusters transfer any additional entrusted assets to the Custody Account for Entrusted Properties of the Custodian, the Entrustee shall promptly send an instruction to the Custodian for transferring the entrusted assets to the Custody Account for Investment Assets and notifying the Investment Administrator. The Custodian shall give notices in writing to the Entrustee and the Investment Administrator respectively on the day of receipt of the entrusted assets.
2.3 Withdrawal of entrusted assets Within the term of the Agreement, a prior notice shall be given to the Investment Administrator if the Entrustee needs to reduce the entrusted assets. The Custodian shall transfer funds from the Custody Account for Investment Assets to the Custody Account for Entrusted Property according the Entrustee’s instruction and notify the Entrustee and the Investment Administrator respectively in writing on the same day of transfer. It is agreed that the Entrustee shall give prior notices as below:
2.3.1 at least 3 Trading Days in advance if the amount to be withdrawn is less than 5% (not inclusive) of the net value of entrusted assets on the last trading day immediately preceding to the notification day;
2.3.2 at least 5 Trading Days in advance if the amount to be withdrawn is more than 5% (inclusive) of the net value of entrusted assets on the last trading day immediately preceding to the notification day;
2.3.3 In case the Investment Administrator cannot process instructions for withdrawing entrusted assets as described above resulting from the failure to realize all or part of Enterprise Annuity Funds in a timely manner due to any restrictive regulations or covenants of the Laws and Regulations, regulatory bodies or other organizations in relation to securities trading, the Entrustee and the Investment Administrator shall otherwise negotiate on solutions;
2.3.4 The Investment Administrator shall not be liable for any Losses in relation to asset realization as a result of delay in notification by the Entrustee or Loss...
Entrusted Assets. Qianhai Flying Financial entrusted a total amount of RMB90 million (equivalent to approximately HK$113.85 million), which was satisfied by the Group’s internal resources, on 22 August 2013 in accordance with the Asset Management Agreement.
Entrusted Assets. Pursuant to the Supplemental Agreement, the amount of the Entrusted Assets during the term of the Supplemental Agreement shall not exceed RMB1,250 million. When determining the upper limit of the amount of the Entrusted Assets, the Company considers the size of previous Entrusted Assets, investment returns, the performance fee received by First Capital and the Company’s estimated level of cash from surplus capital from time to time.
Entrusted Assets