BIMC definition
Examples of BIMC in a sentence
Subject to the supervision of the Investment Company's Board of Trustees, BIMC will provide a continuous investment program for the Portfolio, including investment research and management with respect to all securities and investments and cash equivalents in the Portfolio.
Each Company agrees to produce individual annual reports for each of its facilities, pursuant to the “Testing and Quantification Requirements” outlined in Annex 2 and the reporting requirements as outlined in Annex 3 of this Agreement.
BIMC will provide the services under this Agreement in accordance with the Portfolio's investment objectives, policies and restrictions as stated in the Prospectus and resolutions of the Investment Company's Board of Trustees.
BIMC accepts such appointment and agrees to furnish the services herein set forth, for the compensation herein provided.
If necessary, on or before the last day of the first month of each Applicable Period, an adjustment payment shall be made by the appropriate party in order that the amount of the fees waived or reduced and other payments remitted by BlackRock or BIMC, as applicable, with respect to each Share Class for the previous Applicable Period shall equal the Excess Amount.
Consistent with this obligation, when the execution and price offered by two or more brokers or dealers are comparable, BIMC may, in its discretion, purchase and sell portfolio securities to and from brokers and dealers who provide the Portfolio with research advice and other services.
Notwithstanding the foregoing, such waivers, reductions or remittances by BlackRock or BIMC shall only occur with respect to management fees and other Portfolio-level Operating Expenses if the amount to be so waived, reduced or remitted is allocated on the basis of net asset value to all shares of a Portfolio in a manner consistent with Rule 18f-3’s requirements for the allocation of fundwide expenses.
The Investment Company will furnish BIMC from time to time with copies, properly certified or authenticated, of all amendments of or supplements to the foregoing.
BIMC will determine from time to time what securities and other investments will be purchased, retained or sold by the Portfolio and will place the daily orders for the purchase or sale of securities.
BIMC will determine from time to time what securities and other investments will be purchased, retained or sold by the Portfolio.