Exception to Investment Restrictions Sample Clauses

Exception to Investment Restrictions. 4.10.1 In the event the weightages of shares exceed the limits laid down in the Offering Document or the NBFC Rules as a result of the relative movement in the market prices of the investments or through any disinvestment, the Management Company shall bring the exposure within the prescribed limits within three months of the event. However, this restriction on further investment shall not apply to any offer of right shares and bonus shares.
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Exception to Investment Restrictions. 6.7.1 In the event the weightage of shares exceed the limits laid down in the Offering Document or the Rules as a result of the relative movement in the market prices of the Investments and corporate actions including bonus shares and subscription to right shares, the Investment Advisor shall make its best endeavors to bring the exposure within the prescribed limits within three (3) months of the event. But in any case the Investment Advisor shall not invest further in such shares or sectors while the deviation exists. However, this restriction on purchase shall not apply to any offer of right shares or any such other offering, if the Investment Advisor is satisfied that accepting such offer is in the interest of the Trust provided that the Investment Advisor will make its best endeavors to bring the exposure within the prescribed limits within three (3) months of the take of the rights share or other offering.
Sample 1
Exception to Investment Restrictions. In the event the weight ages of shares exceed the limits laid down in the offering document or the rules as a result of the relatives movement in the market prices of the investment or through any disinvestment, the management company shall make its best endeavors to bring the exposure with in prescribed limits with in three (3) months of the event. But in any case the management company shall not invest further in such shares or sector while the deviation exists .however this restriction on further investment shall not apply to any offer of right shares and bonus shares. 1 1In the event Exposure limits are exceeded due to corporate actions including taking up rights or bonus issue and owing to appreciation or depreciation in value of any Investment, disposal of any investment or Redemption of Units, the excess exposure shall be regularized in such manner and within such time as specified in the Regulations and prescribed by SECP. 1 Pursuant to SECP Letter No. NBFC/MF-RS/NAFAMAF/846/2006 dated November 29, 2006 the Fund has been granted the following two relaxations with respect to the Investment Restrictions:
Sample 1
Exception to Investment Restrictions. 1In the event Exposure limits are exceeded due to corporate actions including taking up rights or bonus issue and owing to appreciation or depreciation in value of any Investment, disposal of any investment or Redemption of Units, the excess exposure shall be regularized in such manner and within such time as specified in the Regulations and prescribed by SECPIn the event the weightages of shares exceed the limits laid down in the Offering Document or the Rules as a result of the relative movement in the market prices of the investments or through any disinvestments, the Management Company shall make its best endeavors to bring the exposure within the prescribed limits within six months of the event. But in any case the Management Company shall not invest further in such shares or sectors while the deviation exists. However, this restriction on further investment shall not apply to any offer of right shares and bonus shares. 1 Pursuant to SECP Letter No. NBFC/MF-RS/NAFAMAF/846/2006 dated November 29, 2006 the Fund has been granted the following two relaxations with respect to the Investment Restrictions:
Sample 1
Exception to Investment Restrictions. 10.5.1 The exposure of the Fund to any person shall not, at any time, exceed an amount equal to ten percent (10%) of total net assets of the fund or ten percent (10%) of issued capital of that person, whichever is lower. Provided that where exposure of a Fund exceeds the limits so specified because of corporate actions including taking up rights or bonus issue, and due to market price increase or decrease in net assets due to redemptions the excess exposure shall be regularized within three (3) months of the breach of limits unless the said period of three (3) months is extended up to another three months by the Commission on an application by the asset management company.
Sample 1
Exception to Investment Restrictions. 1In the event the weightages of shares exceed the limits laid down in the Offering Document or the Rules as a result of the relative movement in the market prices of the investments or through any disinvestments, the Management Company shall make its best endeavors to bring the exposure within the prescribed limits within six months of the event. But in any case the Management Company shall not invest further in such shares or sectors while the deviation exists. However, this restriction on further investment shall not apply to any offer of right shares and bonus shares.
Sample 1

Related to Exception to Investment Restrictions

  • Additional Restrictions In addition to any other restrictions on transfer contained in this Agreement, in no event may any Transfer of a Partnership Interest by any Partner or any redemption pursuant to Section 8.6 be made without the express consent of the General Partner, in its sole and absolute discretion, (i) to any person or entity who lacks the legal right, power or capacity to own a Partnership Interest; (ii) in violation of applicable law; (iii) of any component portion of a Partnership Interest, such as the Capital Account, or rights to distributions, separate and apart from all other components of a Partnership Interest; (iv) if in the opinion of the General Partner based on the advice of legal counsel, if appropriate, such Transfer would cause a termination of the Partnership for Federal or state income tax purposes (except as a result of a redemption of all Partnership Units held by all Limited Partners); (v) if in the opinion of the General Partner based on the advice of legal counsel, if appropriate, such Transfer would cause the Partnership to cease to be classified as a partnership for Federal income tax purposes (except as a result of a redemption of all Partnership Units held by all Limited Partners); (vi) if such Transfer requires the registration of such Partnership Interest pursuant to any applicable federal or state securities laws; (vii) if such Transfer would cause the Partnership to become a “publicly traded partnership,” as such term is defined in Section 7704(b) of the Code (provided that this clause (vii) shall not be the basis for limiting or restricting in any manner the exercise of the Redemption Right under Section 8.6 unless, and only to the extent that, outside tax counsel advises the General Partner that, in the absence of such limitation or restriction, there is a significant risk that the Partnership will be treated as a “publicly traded partnership” and, by reason thereof, taxable as a corporation); (viii) if such Transfer would cause the General Partner to own 10% or more of the ownership interests of any tenant of a property held by the Partnership within the meaning of Section 856(d)(2)(B) of the Code; (ix) if such Transfer would result in the General Partner being “closely held” within the meaning of Section 856(h) of the Code; or (x) if in the opinion the General Partner based on the advice of legal counsel, if appropriate, such Transfer would adversely affect the ability of the General Partner to continue to qualify as a REIT or subject the General Partner to any additional taxes under Section 857 or Section 4981 of the Code.

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