LABF definition

LABF means the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago.
View Source

Examples of LABF in a sentence

  • If any in-kind assets are deposited into any such liquidating trust or entity, the Investment Manager shall provide prompt written notice to LABF.

  • The Investment Manager, its senior officials and employees, and any related party shall not in any way use the Confidential Information to the detriment of LABF or for their own direct or indirect benefit.

  • The Investment Manager agrees to use commercially reasonable efforts to pay all dividends and distributions, and make any redemptions, to LABF in the form of cash and not in kind.

  • The Investment Manager acknowledges that 40 ILCS 5/1-145 prohibits a person or entity from retaining a person or entity to attempt to influence the outcome of an investment decision of or the procurement of investment advice or services of LABF for compensation, contingent in whole or in part upon the decision or procurement.

  • The Investment Manager shall disclose in writing to LABF all direct and indirect fees, commissions, penalties, and other compensation, including reimbursement for expenses, that may be paid by or on behalf of the Investment Manager in connection with the Account and Assets.

  • The Investment Manager agrees that LABF is subject to the Illinois Freedom of Information Act (“FOIA”) and that LABF is required to disclose to the public certain “public records” (as defined in FOIA) unless the disclosure of such public records meets any of the enumerated exemptions set forth in FOIA.

  • The Board of Trustees shall furnish to the Investment Manager certified copies of appointments or designations setting forth the names, titles, and authorities of the individuals who are authorized to act on behalf of LABF with respect to the Account, Assets and this Agreement, and the Investment Manager shall be entitled to rely upon such information until the Investment Manager receives written notice of a change.

  • The Investment Manager shall for all purposes be deemed an independent contractor, and, unless otherwise expressly authorized or provided, shall not have authority to act for or represent either LABF or the Board of Trustees in any way or otherwise be deemed an agent of either LABF or the Board of Trustees.

  • Further, the Investment Manager acknowledges that, at all times, it will act as a fiduciary of LABF in accordance with the Illinois Pension Code (40 ILCS 5/1 et seq.) and this Agreement with respect to the Account and the Assets and will at all times adhere to the fiduciary duties imposed by 40 ILCS 5/1-101 et seq.

  • Upon such termination, the Assets shall be liquidated, the Account shall be closed, and all funds therein shall be paid to LABF.