Baupost definition
Examples of Baupost in a sentence
INVESTORS: BAUPOST PRIVATE INVESTMENTS A-3, L.L.C. By: Baupost Limited Partnership 1983 A-1, its sole member By: The Baupost Group, L.L.C., its managing general partner By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇.
Baupost shall also comply with the provisions of all applicable laws and regulations and with the requirements of any governmental authority having jurisdiction over Baupost or the Fund with respect to the duties of Baupost hereunder.
Baupost shall keep records relating to the services to be performed hereunder in such form and manner as it may deem advisable.
Baupost hereby agrees that it will not use or employ, or permit any other person or entity within its control to use or employ, any such books, records, information or data for any purpose not authorized by the Board of Trustees of the Fund.
For performance by Baupost pursuant to this Agreement, the Fund agrees to pay Baupost a quarterly fee at the annual rate of .25% of the Fund's "average net assets".
To the extent required by Section 31 of the 1940 Act, and the rules and regulations promulgated thereunder, Baupost agrees that all such records prepared or maintained by Baupost relating to the services to be performed by Baupost hereunder are the property of the Fund and will be preserved and made available in accordance with such section, rules and regulations, and will be surrendered promptly to the Fund at its request.
At any time Baupost may apply to any officer of the Fund designated by the President of the Fund in a written notice to Baupost for instructions, and may consult with the Fund's legal counsel with respect to any matter arising in connection with the services to be performed by Baupost under this Agreement, and Baupost shall not be liable and shall be indemnified by the Fund for any action taken or omitted by it in reliance upon such instructions or upon the opinion of such counsel.
Baupost acknowledges that its services under this Agreement (including, without limitation, the mailing of any shareholder communications) are subject to the direction of the Fund and agrees that it will accept direction only from the President of the Fund, or from other persons designated in writing by the President of the Fund or authorized by action of the Board of Trustees.
Baupost will make all reasonable efforts to consult with an authorized officer of the Fund and obtain such indemnification prior to any such disclosure.
The Fund shall provide Baupost with any information required in connection with the furnishing of the foregoing services.