CFI Fund definition

CFI Fund means the Catholic Equity Fund, a designated series or investment portfolio of CFI. 1.5 "CFI Prospectus/SAI" means the Prospectus and/or Statement of Additional Information (as the case may be), each dated January 31, 2003 (as may be supplemented or amended hereafter), of CFI relating to the CFI Fund. 1.6 "CFI Fund Regulatory Approvals" shall have the meaning set forth in Section 6.9 of this Agreement. 1.7 "CFI Fund Shares" means the Class C shares and Class I shares of common stock, par value $.001 per share, of the CFI Fund to be issued pursuant to this Agreement, as described in Section 2.1 hereof. 1.8 "CFSC" means Catholic Financial Services Corporation, the investment adviser to the CFI Fund. 1.9 "Closing" means the closing of the Reorganization and the other transactions contemplated by this Agreement as defined in Section 3 of this Agreement. 1.10 "Closing Date" means May 15, 2003, or such other date as the parties may mutually determine in writing, provided that all of the conditions precedent to Closing have then been satisfied (or waived). 1.11 "Code" means the Internal Revenue Code of 1986, as amended. 1.12 "Custodian" means U.S. Bank, N.A., acting in its capacity as custodian for the assets of the CFI Fund, including the assets of the CVIT Fund being transferred to the CFI Fund. 1.13 "CVIT" means Catholic Values Investment Trust, a Massachusetts business trust. 1.14 "CVIT Fund" means the Catholic Values Investment TrustEquity Fund, a designated series or investment portfolio of CVIT. 1.15 "CVIT Fund Assets" means the portfolio securities, cash, cash equivalents, dividend and interest receivables, and other properties, rights and assets owned by the CVIT Fund as of the close of business on the Closing Date. 1.16 "CVIT Fund Liabilities" means all of the liabilities (and in no event unknown liabilities) of the CVIT Fund that either (a) are reflected in the calculation of the net asset value of the CVIT Fund as of the close of business on the Closing Date, (b) constitute ordinary operating liabilities of the CVIT Fund (including without limitation liabilities associated with securities transactions subject to settlement and contractual liabilities) that are not required under generally accepted accounting principles to be included in the calculation of the CVIT Fund's net asset value or (c) are set forth on Schedule 1.16 hereto, and only such liabilities. 1.17 "CVIT Fund Regulatory Approvals" shall have the meaning set forth in Section 5.11 of this...
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Examples of CFI Fund in a sentence

  • All orders of exemption issued to CFI or the CFI Fund, by any regulatory agency, including the SEC and the Internal Revenue Service, which are necessary for the conduct of the business of CFI or the CFI Fund have been obtained and are currently in full force and effect, no proceeding has been commenced to revoke any such order and, to the knowledge of CFI, no such proceeding is contemplated by any such regulatory agency.

  • On the Closing Date, CVIT shall instruct US Bancorp Fund Services, LLC ("US Bancorp Fund Services"), the transfer agent of the CFI Fund, to record on the books and records of the CFI Fund the interest of each of the CVIT Fund Shareholders in the CFI Fund Shares, in accordance with their pro rata interest in the individual and institutional classes of CVIT Fund Shares in the name of such CVIT Fund Shareholder.

  • All such shares will, at the time of Closing, be held of record by the persons and in the amounts set forth in the list of shareholders of record provided to the CFI Fund pursuant to Section 3.4 hereof.

  • Such portfolio securities (together with any cash or other assets) to be transferred to the CFI Fund pursuant to Section 2.1 hereof shall be delivered by the CVIT Fund to the Custodian at the Closing in conformity with applicable custody provisions under the 1940 Act and duly endorsed in proper form for transfer in such condition as to constitute good delivery thereof in accordance with the custom of brokers.

  • No redemption or repurchase of such CFI Fund Shares credited to any CVIT Fund Shareholder in respect of his or her CVIT Fund Shares which are represented by an unsurrendered stock certificate shall be permitted until such certificate has been surrendered to CSFC or US Bancorp Fund Services for cancellation, or if such certificate is lost or misplaced, until a lost certificate affidavit has been executed and delivered to CSFC or US Bancorp Fund Services.

  • The number of CFI Fund Shares (including fractional shares, if any) to be issued to the CVIT Fund shall be determined separately for each class.

  • The reserves and provisions, if any, for taxes on the books of the CFI Fund are adequate for the payment of all taxes for the purposes and periods to which they pertain.

  • The CFI Fund shall assume the CVIT Fund Liabilities and discharge them when and as they are due or otherwise in accordance with their terms.

  • On the Closing Date, the CVIT Fund will provide the CFI Fund with a list of the CVIT Fund Assets.

  • The CFI Fund has a total of one hundred million (100,000,000) shares authorized for issuance, consisting of Class A, Class C and Class I Common Stock.