The Management. 2.1. The Management Company undertakes and warrants to manage and perform the Services in proper level and standard and the Lessee agrees to the said and consents to the exclusive management and performance of the Services. The Lessee waives any right to manage the Building, including by a tenants’ association and it grants all authorities granted to such a representation to the Management Company and undertakes to act in accordance with the provisions set forth in this Agreement. [Signature and Stamp: Ogen Yielding Real Estate Ltd and Polypid Ltd.] [Signed]
The Management. Company shall provide all redemption requests duly timed, dated and stamped to the Trustee within twenty four (24) hours of receipt of any such request following the queue system.”
The Management. Company may issue different types of Units with different levels of Back-end Load and/or Front-end Load as may be disclosed in the Offering Document. Two types of Units of the Fund are offered, Class A (Restricted/Core) Units and Class A Units which are meant for various types of Investors:
The Management. Company shall obtain a rating of the Scheme once the Scheme becomes eligible for rating, as per the rating criteria of a rating agency selected by the Management Company and approved by the Commission, and such rating shall be updated at least once every financial year and be published in the annual and quarterly reports of the Scheme.
The Management. Company shall bear all expenditures in respect of its secretarial and office space and professional management, including all accounting and administrative services provided in accordance with the provisions of this Deed.”
The Management. Company shall proceed to sell adequate assets of the Fund and/or arrange borrowing as it deems fit in the best interest of the Unit Holders and shall determine the Redemption Price to be applied to the redemption requests based on such action.
The Management. Company may, from time to time, with the consent of the Trustee make arrangements for conducting the business of the Scheme or with regard to any other matter incidental thereto; provided, that such arrangements are not inconsistent with the provisions of the Rules, the Regulations or the Constitutive Documents.
The Management. Company shall make arrangements from time to time for receiving account opening forms, investment request forms and payments from outside Pakistan and shall disclose these arrangements through its website, and Distributors outside Pakistan.”
The Management. The Members shall conduct the day-to-day business affairs of the Company, subject to any resolutions adopted by the Members and to the Act.
The Management. Upon being appointed the Managing Board shall immediately select the management team, which shall consist of a director and a deputy-director. The management shall be responsible for conducting the day-to-day business of the JV under the stewardship of the Managing Board. The management's term of office shall be three (3) years; the management may be re-appointed. Initially, the director shall be appointed by the FCMB and the deputy-director by HTH. On expiry of the period of office HTH shall nominate the director. Thereafter, the position of director shall alternate per period of office between the Partners. The management is obliged to effect the resolutions of the Managing Board and to organize and conduct the day-to-day business of the JV. The Partners shall not refuse to appoint the manager proposed by the relevant Partner without good cause. In the absence of the director his duties shall be transferred to the deputy-director or an employee of the JV empowered to stand in for the director in his absence. This shall also apply in the absence of the deputy-director. The Managing Board is empowered to dismiss a manager at any time following a breach of faith or major breach of duty. The managers shall represent the JV collectively. Details shall be laid down in management agreements yet to be concluded.