Interim Management definition

Interim Management means the management, monitoring, Adaptive Management, reporting and other activities to be implemented by the Bank Sponsor during the Interim Management Period.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Interim Management. SERVICES The Interim Sub-Advisor will monitor the tracking error __[X] weekly ___[ ] monthly. The Interim Sub-Advisor will rebalance, if necessary, ___[X] weekly ___[ ] monthly when the measured portfolio tracking error exceeds 25 basis points (0.25%) from the target portfolio level tracking error outlined above. The Interim Sub-Advisor's interim portfolio management process utilizes various risk models and optimization techniques with the primary goal of reducing portfolio level tracking error as measured versus the specified published benchmark index. This process further attempts to mitigate and reduce other but not all associated risk factors. While providing interim portfolio management services, the Interim Sub-Advisor does not conduct specific research, fundamental analysis, or have an opinion as to the investment quality of any specific security or investment instrument. While the optimization process seeks to reduce portfolio level tracking error, it does not eliminate the risk associated with security specific events. During the interim portfolio management timeframe, the Interim Sub-Advisor will be responsible for corporate actions including proxy materials. Unless otherwise instructed, the Interim Sub-Advisor's default for proxy voting is to vote in line with ▇▇▇▇▇▇▇ Investments Guidelines. CONSTRAINTS [X] __ Limit purchases to securities contained within the benchmark universe (Interim Sub-Advisor default) [X] __ Limit purchases to not exceed the benchmark weight (Interim Sub-Advisor default) Cash and cash equivalents should be limited to 5 % of the total portfolio value. Will the interim assignment include the use of financial futures? ___[ ] Yes ___[X] No Are any residual cash balances to be equalized? ___[ ] Yes ___[X] No For multi-currency portfolios are any currency exposures to be hedged? ___[ ] Yes ___[X] No If yes, please detail below: REPORTING REQUIREMENTS [ ]__ Monthly portfolio appraisal detailing the holdings [ ]__ Monthly performance report [ ]__ Monthly risk analysis [ ]__ Monthly reconciliation of account(s) with custodian ELIGIBLE SECURITIES AND INVESTMENTS The Program can invest in short-term Government securities, short-term cash vehicles, and individual equity, fixed income, or other securities. RESTRICTIONS The Program may not: Use futures for any purpose. Engage in commodity transactions. Schedule B TRADING PRACTICES ▇▇▇▇▇▇▇ Implementation Services Inc. ("▇▇▇▇▇▇▇") is a registered investment adviser under the Investment A...

Interim Management. COMMITTEE" shall be as defined in Article 9.3 below.

Examples of Interim Management in a sentence

• This Agreement is terminable, without penalty, at any time, by the Manager, by the Board, or by vote of holders of a majority (as defined in the ▇▇▇▇ ▇▇▇) of the Portfolio’s shares; or on 60 days’ written notice by the Adviser, and will terminate five business days after the Adviser receives written notice of the termination of the Interim Management Agreement between the Trust and the Manager.

• The costs and fees of the Servicers (and any Subservicers) shall be borne exclusively by the Manager in its individual capacity without any right of reimbursement from the Company or the Initial Member (it being understood that the Manager will receive the Interim Management Fee and Management Fee in accordance with Section 12.5 hereof).

• Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period).

• The Parties hereby understand, acknowledge and agree that the plan of adjustment in connection with the Chapter 9 Proceeding shall not amend, modify or contradict any provision of this Agreement, the Interim Management Services Agreement, the Financing Documents or the Lease.

• Seller has made available to Buyer complete and genuine copies of the bylaws, policies, rules and regulations of the medical staff and medical executive committee of the Hospital under the Interim Management Services Agreement.

• A certified order of the Bankruptcy Court authorizing the Seller to enter into this Agreement, the Interim Management Services Agreement, the Financing Documents and the Lease.

• Seller’s performance of and compliance with all covenants, agreements, conditions, terms and provisions required by this Agreement, the Interim Management Services Agreement, the Financing Documents and the Lease to be performed or complied with by Seller prior to the Closing Date.

• Buyer’s performance and compliance with all covenants, agreements, conditions, terms and provisions required by this Agreement, the Interim Management Services Agreement, Financing Documents and the Lease, to be performed or complied with by Buyer prior to the Closing Date.

• Subject to the terms and conditions set forth in this Section 6.5, commencing on the Execution Date and continuing until 5:00 p.m. (Pacific Time) on December 31, 2018 or some later mutually agreeable date (such period, the “Inspection Period”), and notwithstanding Buyer’s access to the Hospital Campus Real Property pursuant to the Interim Management Services Agreement, upon reasonable advance notice to Seller, Buyer shall conduct its Site Testing (as defined below).

• During the period from the Execution Date through the Close of Escrow, Seller shall (subject to the provisions of the Interim Management Agreement if entered into in accordance with the provisions of this Agreement) cause the Property to be continued to be operated in ordinary course as a hotel consistent with current operating practices during the period since Manager has been manager of the Hotel.