LMFA definition
Examples of LMFA in a sentence
It is understood that persons employed by LMFA to assist in the performance of its duties hereunder might not devote their full time to such service.
The Manager will furnish LMFA from time to time with copies of all amendments of or supplements to the foregoing.
LMFA shall also perform such other functions of management and supervision as may be requested by the Manager and agreed to by LMFA.
LMFA will as requested by the Manager place orders pursuant to its investment determinations for the Fund either directly with the issuer or with any broker, dealer or futures commission merchant (collectively, a "broker").
Nothing herein contained shall be deemed to limit or restrict the right of LMFA or any affiliate of LMFA to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.
In the selection of brokers and the placing of orders for the purchase and sale of portfolio investments for the Fund, LMFA shall seek to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below.
LMFA accepts such appointment and agrees to furnish the services herein set forth for the compensation herein provided.
The Manager may at any time terminate this Agreement by not less than 60 days' written notice delivered or mailed by registered mail, postage prepaid, to LMFA, and LMFA may at any time terminate this Agreement by not less than 60 days' written notice delivered or mailed by registered mail, postage prepaid, to the Manager.
Fees due to LMFA hereunder shall be paid promptly to LMFA by the Manager following its receipt of fees from the Fund.
LMFA further agrees to preserve for the periods prescribed by Rule 31a-2 under the 1940 Act any such records required to be maintained by Rule 31a-1 under the 1940 Act.