Lockwell definition
Examples of Lockwell in a sentence
Lockwell hereby retains and appoints the Subadministrator to administer the affairs of the Funds, subject to the supervision and oversight of the Board of Directors and the officers of the Corporation, for the period and on the terms hereinafter set forth.
The Subadministrator shall invoice Lockwell on a monthly basis for all reimbursable expenses paid or incurred by the Subadministrator during the immediately preceding month, and Lockwell shall promptly reimburse the Subadministrator for any such expenses paid by the Subadministrator.
Each of Lockwell and the Corporation acknowledge that the Subadministrator owns the proprietary rights in the “Frontegra” portion of the name of the Corporation and of other series of the Corporation with “Frontegra” in their names.
Lockwell agrees to inform the Corporation of any material development related to Lockwell that Lockwell reasonably believes is relevant to the Corporation’s certification obligations under the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act.
The Subadministrator shall provide written notice to Lockwell prior to incurring any expenses or related series of expenses in excess of $5,000, and shall follow such directions as Lockwell may provide from time to time regarding any such expenses or the related services, to the extent such directions would not require the Subadministrator to take any action, or omit to take any action, in violation of applicable law or regulation.
Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell under paragraph 2 above.
Lockwell agrees to provide to the Corporation with copies of its compliance program and such additional information and certifications as may reasonably be requested by the Corporation’s compliance personnel.
Each of Lockwell and the Corporation acknowledge that the Subadministrator may withdraw the use of such name from the Corporation or such series.
Each of Lockwell and the Corporation acknowledge that Frontegra Asset Management, Inc., the investment adviser to other Frontegra Funds and an affiliate of the Fund’s distributor, owns the proprietary rights in the “Frontegra” portion of the name of the Corporation.
This Agreement may be terminated at any time, without penalty, by the Board of Directors or by the shareholders of a Fund acting by the vote of at least a majority of its outstanding voting securities (as that phrase is defined in Section 2(a)(42) of the Act), provided in either case that 60 days’ written notice of termination be given to Lockwell at its principal place of business.