GCIF definition
Examples of GCIF in a sentence
Selected Dealer hereby agrees to indemnify the Master Fund, GCIF 2019, the additional Feeder Funds and each of their Indemnified Parties as provided in the Dealer Manager Agreement and to indemnify the Dealer Manager to the extent and in the manner that Selected Dealer agrees to indemnify the Master Fund, GCIF 2019 and the additional Feeder Funds in the Dealer Manager Agreement.
The Master Fund, GCIF 2019 and the additional Feeder Funds shall each be a third party beneficiary of Selected Dealer’s representations, warranties, covenants and agreements contained in Sections 10 and 11 hereof, and shall have all enforcement rights in law and in equity with respect to those portions of this Agreement as to which it is a third party beneficiary.
Upon request by the Dealer Manager and/or the Master Fund, GCIF 2019 or any additional Feeder Fund at any time, Selected Dealer will (i) furnish a written copy of its AML Program, or a summary of its AML Program, to the Dealer Manager and/or the Master Fund and/or the Feeder Fund for review, and (ii) furnish any information that the Dealer Manager and/or the Master Fund and/or the Feeder Fund may request to satisfy applicable AML/OFAC laws.
Selected Dealer’s acceptance of this Agreement constitutes a representation to the Master Fund, GCIF 2019 and each additional Feeder Fund in which Shares are then being offered by Selected Dealer pursuant to this Agreement and to the Dealer Manager that Selected Dealer is a properly registered or licensed broker-dealer, duly authorized to sell the Shares under federal and state securities laws and regulations in all states where it offers or sells Shares, and that it is a member in good standing of FINRA.
Notwithstanding the foregoing, Selected Dealer shall not execute any transaction with GCIF 2019 or any additional Feeder Fund in a discretionary account without prior written approval of the transaction by the customer.
Selected Dealer agrees to suspend or terminate the offering and sale of the Shares in the primary offering of GCIF 2019 and each additional Feeder Fund upon request of the Feeder Fund at any time and to resume the offering and sale of its Shares upon subsequent request of the Feeder Fund.
GCIF 2019 and each additional Feeder Fund may authorize its transfer agent to provide information to the Dealer Manager and Selected Dealer regarding record holder information about the clients of Selected Dealer who have invested with the Feeder Fund on an on-going basis for so long as Selected Dealer has a relationship with such client.
Subject to the Dealer Manager Agreement, the Dealer Manager shall have full authority to take such action as it may deem advisable with respect to all matters pertaining to the offering of Shares in GCIF 2019 and each additional Feeder Fund or matters arising thereunder.
The Master Fund, GCIF 2019 and each additional Feeder Fund will not be liable or responsible to Selected Dealer for the payment of any selling commissions or Additional Selling Commissions or any reallowance of Dealer Manager Fees to Selected Dealer.
No obligations or liability on the part of the Master Fund, GCIF 2019 or any additional Feeder Fund or the Dealer Manager shall be implied or inferred herefrom.