Examples of Fund Term in a sentence
Name (Age) Position(s) with Fund Term of Office and Length of Time Served1 Principal Occupation(s) During Past Five YearsNumber of Portfolios In Fund ComplexOverseen By TrusteeOther Directorships Of Public Companies and Other Registered Investment Companies Held by Trustee DuringPast Five YearsINDEPENDENT TRUSTEESScott M.
Legal, tax, zakat and regulatory or other changes may occur in the Kingdom during the Fund Term, which could have an adverse effect on the Fund, its investments or the Unitholders.
The Fund term shall be (99) years from the date on which the Units are listed on the Saudi Stock Exchange ‘Tadawul’ ("Date of Listing") and made available for trading ("Fund Term").
While it may be possible to sell the investment, it is not generally expected that this will occur and accordingly, Investors must be aware that there is unlikely to be any return of capital or payments on the investment for the Fund Term.
The Fund Term is renewable in the discretion of the Fund Manager with the approval of the CMA.
The Fund Manager acknowledges that the two Independent Members are corresponding to the definition of the Independent Member as stated in the Glossary of defined terms used in the CMA regulations and rules, and that this will also apply to any independent member appointed by the Fund Manager throughout the Fund Term.
In consideration for managing the assets of the Fund, the Fund Manager will be paid an annual management fee (the “Management Fee”) during the Fund Term by the Fund equal to 1% of the total Net Asset Value.The Management Fee will be borne by the Fund and will be calculated and payable semi-annually in arrears commencing on the Closing Date.
The Fund Term is renewable for a similar term in the sole discretion of the Fund Manager with the approval of the Fund Board and CMA.
The LPAC will not replace frequent, open communications between the GP and LPs, including reporting to all LPs, as well as the immediate disclosure of any inquiries by legal or regulatory bodies in any jurisdiction, material contingencies or liabilities arising during the Fund Term, or breach of a provision of any Fund document.
Fund Term The fund's term is 99 years starting from the date of listing the units in Tadawul, renewable for similar periods at the discretion of the fund manager and after obtaining the approval of the Capital Market Authority.