EXEMPT FUND Clause Samples
The "Exempt Fund" clause defines a specific type of investment fund that is not subject to certain regulatory requirements or restrictions, typically due to its structure or the nature of its investors. In practice, this clause identifies funds that qualify for exemptions under securities laws, such as those limited to sophisticated or institutional investors, and may outline the criteria or conditions under which a fund is considered exempt. The core function of this clause is to clarify the regulatory status of the fund, ensuring that both parties understand the applicable legal obligations and reducing compliance risks.
EXEMPT FUND. Being an exempt fund, investment in Al ▇▇▇ ▇▇▇▇ Equity Fund is open to only Accredited Investors as defined in the section headed ‘‘Definitions’’ of the PPM. No person who does not qualify as an Accredited Investor may subscribe for units in Al ▇▇▇ ▇▇▇▇ Equity Fund. Consequently, investors would be required to provide adequate evidence to the Placement Agent and the Investment Manager that they qualify as an Accredited Investor. Investors domiciled in a jurisdiction, other than Bahrain, would be required to provide adequate evidence to the Placement Agent and the Investment Manager that they qualify as a sophisticated investor under the requirements of local laws and regulations, if such requirements are higher than those imposed by the Bahraini law. Evidence may be provided by way of furnishing a copy of a bank or broker’s statement.
EXEMPT FUND. Being an exempt fund, investment in Al ▇▇▇ ▇▇▇▇ Income Fund is open only to Eligible Investors as defined in the section 7.7 of the PPM. An Eligible Investor is any person who is a sophisticated investor (i.e. has the knowledge, expertise and experience in financial matters to evaluate the risks of investing in the Fund, is aware of the risks inherent in investing in the assets in which the Fund will invest and the method by which these assets will be held and/or traded, and can bear the loss of their entire investment in the Fund), is able to acquire and hold units without violating applicable laws.. Based on the above provided information, subscribers must warrant on the appropriate subscription agreement that they have the knowledge, expertise and experience in financial matters to evaluate the risks of investing in the Fund, are aware of the risks inherent in investing in the assets in which the Fund will invest and the method by which these assets will be held and/or traded, and can bear the loss of their entire investment in the Fund. Any transferee of units will be required to warrant in like terms before any transfer is registered.
EXEMPT FUND. By: -------------------------------------- Name: Title:
EXEMPT FUND. Upon acceptance of this Agreement by you, we understand that we may offer and sell Shares of the Fund, subject, however, to all of the terms and conditions hereof and to your right, without notice, to suspend or terminate the sale of the Shares of the Fund.