BAAM definition
Examples of BAAM in a sentence
Except as expressly provided herein, nothing herein shall be deemed to constitute a waiver by Distributor of any consent that would otherwise be required under applicable law prior to the use by Dealer of the name or identifying marks of the Fund, Distributor, BAAM or “Blackstone” (or any combination or derivation thereof).
Distributor hereby authorizes Dealer to use the name of the Fund, Distributor and BAAM in Research Reports.
CGMI acknowledges and agrees that it (and not the Distributor, BAAM, the Fund or its administrator(s)) is responsible for monitoring and complying with applicable anti-money laundering and CIP requirements with respect to CGMI Shareholders in connection with this Agreement.
Without limiting the generality of Paragraph 8, CGMI covenants and agrees that it will not make any representations about the Fund, the Distributor or BAAM except to the extent such representations (i) are contained in the Offering Materials; (ii) are consistent with information contained in such materials, or (iii) are otherwise authorized by or on behalf of the Fund including but not limited to any statements by senior officers, portfolio managers or sales representatives.
Distributor hereby authorizes CGMI to use the name of the Fund, the Distributor and BAAM in Research Reports.
Except as expressly provided herein, nothing herein shall be deemed to constitute a waiver by the Distributor of any consent that would otherwise be required under applicable law prior to the use by CGMI of the name or identifying marks of the Fund, Distributor, BAAM or “Blackstone” (or any combination or derivation thereof).
In order to facilitate such transition, you will gradually reduce your level of involvement in the day-to-day operations and, as of the date hereof, you will no longer be required to participate in or attend regular internal meetings of BAAM.
Diversification The Investment Manager’s current portfolio diversification guidelines for the Fund’s portfolio, if any, are described in the Fund Documents with respect to investments in both unaffiliated Portfolio Funds and BAAM Direct Trading Funds, BAAM Multi-Manager Funds, Intermediate Entities, Blackstone Affiliated Funds and Blackstone Interest Funds.
For purposes of this Non-Competition Agreement, ‘Client’ shall mean any person, firm, corporation or other organization whatsoever for whom BAAM provided services (including any investor in any BAAM fund) with respect to whom each SMD, individuals reporting to such SMD or individuals over whom such SMD had direct or indirect responsibility, had personal contact or dealings on BAAM’s behalf during the three-year period immediately preceding such SMD’s termination of service.
Notwithstanding the foregoing, in the case of any BAAM Direct Trading Fund, BAAM Multi-Manager Fund or Intermediate Entity held in the Class A Portfolio, the Partnership will not bear management fees and performance- based allocations or fees directly at the Investment level, but will indirectly bear management fees and performance-based allocations or fees of the underlying managers in such BAAM Direct Trading Fund, BAAM Multi-Manager Fund or Intermediate Entity held in the Class A Portfolio.