Fund Transaction definition

Fund Transaction means (i) the termination of the Management Agreement and any amendments thereto and the execution and delivery of a management agreement between The Henlopen Fund and Buyer; (ii) the resignation of the trustees of The Henlopen Fund and the election of new trustees for The Henlopen Fund designated by the Buyer; and (iii) the effectiveness of an amendment to The Henlopen Fund’s Registration Statement on Form N-1A converting The Henlopen Fund into the ▇▇▇▇▇▇▇▇ Cornerstone Growth Fund, Series II (the “Rule 485(a) Amendment”). “▇▇▇▇▇▇▇▇ Cornerstone Growth Fund, Series II” means The Henlopen Fund after the Fund Transaction.
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Fund Transaction means any transaction to subscribe or redeem interests in any Fund.
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Examples of Fund Transaction in a sentence

  • None of the execution, delivery or performance by the Fund of its obligations under the Underwriting Agreement or the Fund Transaction Documents nor the compliance by the Fund with the terms and provisions thereof will violate in any material respect any provision of applicable law of any government or government instrumentality having jurisdiction over the Fund or any of its properties, assets or operations.

  • None of the execution, delivery or performance by the Fund of its obligations under the Underwriting Agreement or any of the Fund Transaction Documents nor the compliance by the Fund with the terms and provisions thereof will violate or conflict with any order known to us and applicable to the Fund.

  • The Fund has the power as a Massachusetts business trust to enter into each of the Underwriting Agreement, the Investment Management Agreement, the Custodian Agreement and the Transfer Agency Agreement (the Investment Management Agreement, the Custodian Agreement and the Transfer Agency Agreement are collectively referred to as the “Fund Transaction Documents”) and each such Fund Transaction Document and the Underwriting Agreement has been duly authorized, executed and delivered by the Fund.

  • The Fund has the power and authority as a Massachusetts business trust to enter into each of the Underwriting Agreement, the Investment Management Agreement, the Custodian Agreement and the Transfer Agency Agreement (the Investment Management Agreement, the Custodian Agreement and the Transfer Agency Agreement are collectively referred to as the “Fund Transaction Documents”) and each such Fund Transaction Document and the Underwriting Agreement has been duly authorized, executed and delivered by the Fund.

  • Subject to Section 9.2, each of Buyer and Seller shall be responsible for paying all of its other expenses, including legal fees, incurred in connection with this Agreement and the transactions contemplated herein, including the Fund Transaction.

  • The Fund Transaction shall have been approved by the requisite vote of the outstanding voting securities of The Henlopen Fund.

  • Promptly after the date of this Agreement, Seller shall supplement, pursuant to Rule 497 of the Commission under the Securities Act, the prospectus used to sell the shares of The Henlopen Fund pending the approval of the Fund Transaction by the shareholders of The Henlopen Fund to disclose the transactions contemplated by this Agreement.

  • Both Parties specifically acknowledge and agree that any liability of SCM Trust under this Agreement with respect to the Acquiring Fund, or in connection with the Fund Transaction contemplated herein, shall be discharged only out of the assets of the Acquiring Fund and that no other portfolio of SCM Trust shall be liable with respect thereto.

  • The number of Investor Class shares to be issued by an Acquiring Fund (including fractional shares (to the third decimal place), if any) in connection with each Fund Transaction shall be equal to the net asset value of the Transaction Party’s (or Transaction Parties’) Class A and Class C shares computed as of the Valuation Time determined in accordance with the valuation procedures referred to in this agreement.

  • All conditions precedent to consummation of the Fund Transaction shall have been satisfied or complied with in all material respects prior to the Closing Date.