FSQ definition
Examples of FSQ in a sentence
If Cash Reserve Fund Institutional Shares—Prime Series ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in GS FSQ Treasury Investments Fund for so long as GS FSQ Treasury Investments Fund is an Eligible Investment.
If GS FSQ Treasury Investments Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Servicer in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to ICT Treasury Portfolio Institutional Shares.
However, there may be times when yields in the U.S. money markets are low and in order to help assure that the investments of your customers in the FSQ Funds earn a daily net return, we may decide when certain conditions arise (discussed below) to waive fees that may typically be paid to you and other Service Organizations under the Supplemental Service Agreements.
Methodology for Calculating the Fee Waiver Such fee waivers to Supplemental Service Fees to which you would otherwise be entitled as follows: We will calculate, at our sole discretion, the amount by which your Supplemental Service Fees will be waived for any given share class of any given FSQ Fund for any given month.
The rate by which management fees for any given FSQ Fund will be waived shall be calculated on a daily basis (the “Daily Management Fee Waiver Rate”) based on our good faith calculation as to the amount necessary to ensure that the Annualized Yield (as defined below) for any class of such Fund on such day would not be less than 0.01% (or such lower yield as we determine in our sole discretion).
For these purposes, the parties agree that the activities, as of the date of this Agreement, of Manager’s affiliate, FSQ, Inc., a Delaware corporation and a related person as to Manager within the meaning of Section 856(d)(9)(F) of the Code, including in particular the six management contracts pursuant to which FSQ, Inc.
For these purposes, the parties agree that the activities, as of the date of this Agreement, of Manager’s affiliate, FSQ, Inc., a Delaware corporation and a related person as to Manager within the meaning of Section 856(d)(9)(F) of the Code, including in particular the management contracts pursuant to which FSQ, Inc.
Re: Supplemental Service Fee Waiver In accordance with the FSQ Funds’ established policies, all or substantially all of the net investment income for each share class of each FSQ Fund is declared as a dividend to shareholders daily.
The respective representations and warranties of FSQ and Five Star contained in this Agreement or in any Schedule, certificate, or other document delivered by any Party prior to Closing shall not be deemed waived or otherwise affected by any investigation made by a Party.
None of the information concerning FSQ or its business, condition (financial or otherwise), assets, liabilities, personnel, and policies contained herein, in any Schedule (as the same are superseded or supplemented prior to the Closing Date) or in the FSQ Financial Statements contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading.