Ineligible Applicant definition

Ineligible Applicant means an ineligible applicant as described in the section entitled “The Shares”.

Ineligible Applicant means an ineligible applicant as described on page 56 of this Prospectus.

Ineligible Applicant means a private citizen, for-profit busi- ness including, but not limited to, all forms of private partnerships, incorporated entities, LLCs, foreign or out-of-state governments, or any agents acting on behalf of such entities.

Examples of Ineligible Applicant in a sentence

• The Directors may impose such restrictions as they may think necessary for the purpose of ensuring that no Shares are acquired or held directly or beneficially by an Ineligible Applicant.

• The Directors shall have power in their absolute discretion (but shall not be under any duty) to impose such restrictions as they may think necessary for the purpose of ensuring that no Shares of any Class are acquired or held directly or beneficially by an Ineligible Applicant.

• In case the Applicant chooses to conclude the sale in favour of its nominee, the nominee shall not be an Ineligible Applicant under section 29A of the Code, and the nominee shall sign a deed of adherence, as required by the Liquidator.

• The Directors may reject in their discretion any application for Shares by or any transfer of Shares to an Ineligible Applicant and at any time repurchase or require the transfer of Shares held by Shareholders who are or have become Ineligible Applicants.

• If it shall come to the notice of the Directors or if the Directors shall have reason to believe that any Shares are owned directly or beneficially by an Ineligible Applicant the Directors shall be entitled to give notice (in such form as the Directors deem appropriate) to such person requiring him to (a) transfer such Shares to a person who is not an Ineligible Applicant, or (b) request in writing the repurchase of such Shares in accordance with clause 17.

More Definitions of Ineligible Applicant

Ineligible Applicant means an ineligible applicant as may be defined in the Prospectus or relevant Supplement.

Ineligible Applicant means an ineligible applicant as may be defined in the Prospectus.

Ineligible Applicant means an ineligible applicant as may be defined in theProspectus or relevant Supplement;

Ineligible Applicant means any person who subscribes for Participating Shares or holds any Participating Shares, whether directly or indirectly, who:

Ineligible Applicant means a person who or entity which:(i) is not a Qualifying Investor or a Knowledgeable Person;(ii) is an individual under the age of 18 (or such other age as the Directors may think fit);(iii) is a person who or entity which breached or falsified representations on subscription documents or who or which appears to be in breach of any law or requirement of any country or government authority or by virtue of which such person or entity is not qualified to hold Shares including without limitation any exchange control regulations;(iv) does not, or would not, lawfully hold the Shares;(v) holds or would hold the Shares in circumstances which (whether directly or indirectly affecting such entity or entities, and whether taken alone or in conjunction with any other entity or entities, connected or not, or any other circumstances appearing to the Directors to be relevant), in the opinion of the Directors, may result in the ICAV, the Depositary, the AIFM, the Administrator or any Fund or its Shareholders incurring any liability to taxation or suffering any other regulatory, pecuniary, legal, taxation, compliance or material disadvantage which the ICAV, the Depositary, the AIFM, the Administrator, or the relevant Fund or its Shareholders might not otherwise have incurred or suffered or might result in the ICAV, the Depositary, the AIFM, the Administrator or the relevant Fund being required to comply with registration or filing requirements in any jurisdiction with which it would not otherwise be required to comply or is otherwise prohibited by the Instrument of Incorporation;(vi) would be held by any person or which the ICAV, or the Administrator acting on the ICAV's instructions, suspects are held by any person who is not compliant with FATCA or may cause the ICAV or the relevant Fund to become non-compliant with FATCA;(vii) would hold less than the Minimum Holding of the relevant Fund or Class of Shares; or(viii) any person who or entity which the Directors, at their discretion, deem ineligible to hold Shares as set out in the relevant Supplement or the Application

Ineligible Applicant means a private citizen, for-profit business, including but not limited to all forms of

Ineligible Applicant means an ineligible applicant as described in the section