Examples of Affected Fund in a sentence
The investment team at Franklin Templeton Investments has always managed assets based on a team approach and the Affected Fund will continue to be managed according to the same principles.
Currently, the Management Company (Franklin Templeton International Services S.à r.l.) has delegated the portfolio management of the Affected Fund to certain investment management entities within Franklin Templeton Investments, which are listed in the column of the table below headed “Existing investment management structure”.
Rest assured, the change listed above will have no impact on the investment objective and policy or the risk profile of the Affected Fund, nor the manner in which it is being managed.
Upon the coming into effect of the change set out above, the Management Company will delegate the discretionary investment management function of the Affected Fund to the investment manager as listed in the column of the table above headed “Revised investment management structure”.
Pursuant to an internal reorganization of investment personnel responsible for the investment management of the Affected Fund, the investment management structure of the Affected Fund will be revised such that Franklin Advisers, Inc.
The Investment Company and the Investment Adviser of the Affected Fund shall use their best efforts to assure that any Designated Shareholder that is not the beneficial owner of the Designated Shares promptly disburses the Designated Shareholder Payment to the beneficial owner or owners of the Designated Shares.
Upon the completion of all actions necessary to liquidate the Affected Fund, including the distribution of the Affected Fund’s assets, other than assets reserved to meet outstanding liabilities, to its shareholders, the Investment Company shall provide a notice to the Treasury in the form of Exhibit H (the “Payment Request Notice”) requesting payment of the Guarantee Payment.
The Investment Company shall take such actions as the Treasury may request to provide assurance that amounts held in the Paying Agent account or the account established at the Alternate Paying Agent are not deemed to be assets of the Investment Company or the Affected Fund.
Upon payment, with respect to an Affected Fund, of the Guarantee Payment to the Paying Agent, the obligation of the Treasury to make any payments with respect to such Affected Fund hereunder shall be fully discharged and terminated.
To the extent that such person’s obligations are contingent upon the Affected Fund’s disposition of a portfolio security, the Affected Fund, promptly after the Guarantee Event, shall dispose of such portfolio security and demand payments of all amounts due under such NAV Support Agreement.