Series Funds Clause Samples
Series Funds. The parties acknowledge that Lender may be an entity, such as an investment company, whose assets may be allocated to two or more series. In such case, Borrower agrees to seek satisfaction of all obligations of such a Lender hereunder solely out of the assets of the series on whose behalf the Loan(s) giving rise to the obligations was entered into. If Lender establishes two or more series, Lender shall so indicate on Schedule C or otherwise give notice thereof and identify such series, and from such time the liability of such series shall be limited as set forth above, as though and to the same extent as if such series was a separate and distinct Lender hereunder."
Series Funds. Each Fund is an investment fund consisting of a separate series of shares offered by Company that represent undivided interests in a portfolio of investments and that are preferred over all other series of shares for assets specifically allocated to that series in accordance with Rule 18f-2(a) of the Securities and Exchange Commission.
Series Funds. The funds of the Series shall be deposited in an account or accounts maintained with the Investment Advisor, Custodian and/or Escrow Agent as defined in the Offering materials, including the Series’ Private Placement Memorandum or such other bank as the Members deem advisable upon the Majority Vote of Members, and shall not be commingled with any other funds.
Series Funds. The parties acknowledge that the Fund may be an investment company, whose assets may be allocated to two or more series. In such case, QA LLC agrees to seek satisfaction of all obligations of such Fund hereunder solely out of the assets of the series on whose behalf the Transaction(s) giving to the obligations was entered into. If the Fund establishes two or more series, the Fund shall so indicate on Schedule 1 or otherwise give notice thereof and identify such series, and from such time the liability of such series shall be limited as set forth above, as though and to the same extent as if such series was a separate and distinct Fund hereunder.