CVIT definition

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 Agreement. 1.18 "CVIT Fund Shareholders" means the holders of record of the issued and outstanding individual class and institutional class of shares of beneficial interests in the CVIT Fund as of the close of business on the Closing Date. 1.19 "CVIT Fund Shareholder Meeting" means a meeting of the shareholders of the CVIT Fund to be convened in accordance with applicable law and the Declaration of Trust and Bylaws of CVIT to consider and vote upon the approval of this Agreement and the Reorganization contemplated hereby. 1.20 "CVIT Fund Shares" means the issued and outstanding individual class and institutional class of shares of beneficial interest of the CVIT Fund. 1.21 "CVIT Fund Total Closing NAV" shall mean the value of the CVIT Fund Assets (excluding the Excluded Assets), calculated as provided in Section 2.2(b), minus the value of the CVIT Fund Liabilities, calculated as provided in Section 2.2(b). 1.22 "CVIT Prospectus/SAI" means the Prospectus and/or Statement of Additional Information (as the case may be), each dated May 1, 2002 (as may be supplemented or amended hereafter), of CVIT relating to the CVIT Fund. 1.23 "Effective Time" means 5:00 p.m. Central Time on the Closing Date. 1.24 "Exchange Act" means the Securities Exchange Act of 1934, as amended, and all of the rules and regulations a...
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Examples of CVIT in a sentence

  • 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.

  • No material tax liabilities, disallowances or assessments relating to the business or assets of the CVIT Fund have been assessed or, to CVIT's knowledge, proposed.

  • 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 CVIT Fund is a separate series of CVIT and has an unlimited number of shares authorized for issuance.

  • After the Closing, the CVIT Fund shall not conduct any business except in connection with the winding up of its affairs and shall file, or make provision for filing of, all reports it is required by law to file.

  • The Closing Date shall take place no later than ten (10) calendar days following approval by CVIT shareholders of this Agreement and the Reorganization and the satisfaction of all conditions precedent to Closing (except those which have been waived in writing or which by their terms can be satisfied only at Closing) or such other time as may be agreed to by CFI and CVIT in writing.

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

  • CFI will furnish CVIT with copies of all written comments or the substance of oral communications received from the staff of the SEC with regard to the Registration Statement, and the parties will cooperate with each other in revising, if necessary, the Registration Statement to comply with such comments.

  • CFI and CVIT will provide each other and their respective representatives with such cooperation and information as either of them reasonably may request of the other in filing any tax returns, amended return or claim for refund, determining a liability for taxes or a right to a refund of taxes or participating in or conducting any audit or other proceeding in respect of taxes.

  • CFI shall have received an opinion from Quarles & Brady LLP (based on such representations from CFI ▇▇ ▇▇bst▇▇▇▇▇lly the form attached hereto as Exhibit B and from CVIT in substantially the form attached hereto as Exhibit C) addressed to CFI and CVIT, and dated as of the Closing Date, with respect to the federal income tax consequences of the Reorganization described in Exhibit A.