Global Hub definition
Examples of Global Hub in a sentence
The Global Hub and Spoke Agreement acknowledges that the Supervisors have entered or intend to enter into one or more other agreements substantively identical in all material respects to the Global Hub and Spoke Agreement with other collective investment entities or investors (such entities or investors together with the Fund are hereinafter collectively referred to as the "Spoke Funds") and/or the trustee, manager, depositor, depositary or sponsor thereof.
The [Fund Entity] has appointed and delegated to [name and form of organization of custodian] (the "Custodian"), the duties and responsibilities set forth in the custodian arrangements set forth in Appendix B of the Global Hub and Spoke Agreement and the Custodian has accepted such appointment.
No amendment to any provision of this Global Hub and Spoke Agreement shall affect any of the other provisions of this Global Hub and Spoke Agreement or the Global Hub and Spoke arrangements or render invalid or improper any action taken or omitted prior thereto, unless such amendment expressly provides otherwise.
Subject to the prior written consent of the Fund, the Supervisors may also perform such other acts or incur such other costs and liabilities as they deem proper for the monitoring and oversight of the Global Hub and Spoke arrangements, including the incurring of liability for fees and expenses of the Supervisors.
Any reference to approval, determination or other action by the Supervisors under this Agreement shall be applicable to the extent that the relevant action concerns Fund Assets held through the Global Hub Portfolio.
The Fund hereby warrants that it will inform each Supervisor in the event that the performance by the Fund of its rights and obligations under this Global Hub and Spoke Agreement, any such agreement or the Global Hub and Spoke arrangements would constitute such violation or breach at any time subsequent to the execution and delivery thereof.
This Global Hub and Spoke Agreement and any rights herein granted and any obligations herein assumed may not be transferred, sold, exchanged, assigned or encumbered by any party.
Unless otherwise expressly provided in this Global Hub and Spoke Agreement or by applicable law or regulation, the Supervisors shall have the power to delegate the taking of any such action to such person or persons as the Supervisors may determine and where applicable any such delegation shall be deemed to be a delegation by the Fund to such delegee.
To the extent that the action involves exclusively Fund Assets held directly and not through the Global Hub Portfolio, the reference to action by the Supervisors shall be inapplicable.
The GCA’s Global Hub on Locally Led Adaptation (LLA) aims to address barriers to accelerating and scaling up LLA.