Fund Payments definition

Fund Payments means (without double counting) (i) the amount paid (including any amounts deemed paid pursuant to the definition of “Second Hurdle”) by the Partnership and Vision Feeder pursuant to the Share Purchase Agreement equal to the Reference Purchase Price;
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Examples of Fund Payments in a sentence

  • If Securities of a series with respect to which such deposits are made may be subject to later redemption at the option of the Company or pursuant to Optional Sinking Fund Payments, the applicable escrow trust agreement may, at the option of the Company, provide therefor.

  • Satisfaction of Sinking Fund Payments with Securities....................................

  • The obligations of each of the Funds hereunder is severable from that of the other Funds, and no Underlying Fund shall be responsible for any Underlying Fund Payments of any other Underlying Fund.

  • To the extent that Underlying Fund Payments (as described below) are treated, in whole or in part, as a class-based expense of an Underlying Fund, or are used to pay a class-based expense of a Top-Tier Fund, the conditions and limitations in Paragraphs B, C, D and E must be met with respect to each class of a Fund as well as the Fund as a whole.

  • Satisfaction of Sinking Fund Payments with Securities.......................................

  • Satisfaction of Sinking Fund Payments with Securities.........................................

  • No affiliated person of a Top-Tier Fund, or affiliated person of such affiliated person, will receive, directly or indirectly, any portion of the Underlying Fund Payments, except for bona fide transfer agent services approved by the board of directors/trustees (the “Board”) of the Underlying Fund, including a majority of directors/trustees of the Fund who are not “interested persons,” as defined in section 2(a)(19) of the 1940 Act (the “Independent Directors”).

  • The total amount of Underlying Fund Payments to a Top-Tier Fund may not exceed the amount of actual Operating Expenses incurred by the Top-Tier Fund.

  • To the extent Underlying Fund Payments are treated, in whole or in part, as a class expense of an Underlying Fund, or are used to pay a class-based expense of a Top-Tier Fund, the requirements of this Section 6 must be met with respect to each class of a Fund as well as the Fund as a whole.

  • Satisfaction of Sinking Fund Payments with Securities...................................