Affiliated Programs definition
Examples of Affiliated Programs in a sentence
The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Advisor from establishing a master fiduciary account pursuant to which separate subtrust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims of such other Programs and/or creditors.
The Trustees (including the Independent Trustees) shall periodically monitor the allocation of Mortgage Investments among the Trust and the Affiliated Programs to insure that the allocation method described in the Prospectus is being applied fairly to the Trust.
The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Sponsor from establishing a master fiduciary account pursuant to which separate sub-trust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims and creditors of such other Programs.
The funds of the Company shall not be commingled with the funds of any other Person; provided, however, that the foregoing shall not prohibit the Sponsor from establishing a master fiduciary account pursuant to which separate subtrust accounts are established for the benefit of Affiliated Programs, if Company funds are protected from claims and creditors of such other Programs.
Affiliated Programs" shall mean any and all REITs, partnerships or other entities which may in the future be formed by the Advisor, a Sponsor or their Affiliates to engage in businesses which may be competitive with the Trust and which have similar investment objectives as the Trust (or programs with dissimilar objectives for which a particular Mortgage Investment may nevertheless be suitable).
If funds should be available to two or more Affiliated Programs to purchase a given investment and the other factors enumerated above have been evaluated and deemed equally applicable to each Entity, then the Manager or its Affiliates will acquire such investment for the Affiliated Programs on a basis of rotation with the initial order of priority determined by the dates of formation of the Entities.
If funds should be available to two or more Affiliated Programs to purchase a given investment and the other factors enumerated above have been evaluated and deemed equally applicable to each entity, then the Advisor or its Affiliates will acquire such investment for the Affiliated Programs on a basis of rotation with the initial order of priority determined by the dates of formation of the entities.
The Depositary shall engage in no business activity and shall incur no liabilities other than acting as Depositary for the Partnership or any other limited partnerships that are Affiliated Programs.
The Partnership may sell or transfer its Leases to the Managing Partner or its Affiliates, including Affiliated Programs, only pursuant to a transaction which is fair and reasonable to the Partnership.
For portfolio diversity, cash flow or other reasons, the General Partner may determine, in its sole discretion, that it is in the best interest of the Partnership to invest less than its pro rata share in the investment opportunity, in which case the other Affiliated Programs shall have the pro rata right to invest the resulting shortfall.