Fund Assets. The Moderate Fund represents and warrants that on the Closing Date the assets received by the Conservative Fund from the Moderate Fund will be delivered to the Conservative Fund as provided in Section 1.1 free and clear of all liens, pledges, security interests, charges or other encumbrances of any nature whatsoever created by the Moderate Fund and without any restriction upon the transfer thereof, except for such liabilities assumed as provided in Section 1.1.
Fund Assets. All Liechtenstein UCITS in the legal form of a (contractual) investment fund or collective trust shall be absolutely liable for taxation in Liechtenstein and subject to income tax. The income from the managed assets represents tax-free income. Issuing and sales taxes1 The establishment (issuing) of shares to this type of UCITS shall not be subject to issuing and sales tax. The transfer of property to investor shares in return for payment shall be subject to sales tax, provided one party or one broker is a domestic securities dealer. The redemption of investor shares shall be excluded from sales tax. The contractual investment fund or the collective trust shall be considered a sales-tax-exempt investor. Withholding taxes The UCITS in the legal form of a contractual investment fund or collective trust shall not be subject to any withholding tax obligation in the Principality of Liechtenstein, in particular any coupon or withholding tax. Foreign income and capital gains generated by the UCITS in the legal form of a contractual investment fund or collective trusteeship can be subject to taxation at source in the country of investment. Possible double taxation agreements shall remain reserved.
Fund Assets. It is understood and agreed by all parties that all assets contributed to the Fund shall become an irrevocable gift to the Foundation and legal control and responsibility for the Fund rests with the Foundation. In carrying out such responsibilities, the Foundation shall hold, manage, invest, and reinvest the Fund, and shall collect the income and shall pay and disburse monies from the Fund for public, educational and charitable uses and purposes.
Fund Assets. The assets of the Fund will be deposited in such financial institutions as the General Partner determines, and withdrawals will be made only in the regular course of Fund business on such signature or signatures as the General Partner determines, and subject to such procedures to which the General Partner may agree on behalf of the Fund with the custodian(s) of the Fund’s assets. No funds of the General Partner will in any way be commingled with such Fund assets.
Fund Assets. The Capital Company represents and warrants that on the Closing Date the assets received by New MidCap Fund, New International Fund and New Small Cap Fund from MidCap Fund, International Fund and Small Cap Fund, respectively, will be delivered to New MidCap Fund, New International Fund and New Small Cap Fund, respectively, as provided in Section 1.1 free and clear of all liens, pledges, security interests, charges or other encumbrances of any nature whatsoever created by MidCap Fund, International Fund and Small Cap Fund and without any restriction upon the transfer thereof, except for such liabilities assumed as provided in Section 1.1. 3.5
Fund Assets. The trust fund assets consist of all money and property received as contributions, together with any income on or increment in such assets. The Trustee shall hold the fund assets without distinction between principal and income.
Fund Assets. This Agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in his or her capacity as an officer of the Fund. The obligations of this Agreement shall only be binding upon the assets and property of the Fund or the affected series, as the case may be, and shall not be binding upon any trustee, officer or shareholder of the Fund individually.