MC/CM definition
Examples of MC/CM in a sentence
Notwithstanding the foregoing, no assignment shall be deemed to result from any changes in the directors, officers or employees of such MCCM except as may be provided to the contrary in the Investment Company Act or the rules or regulations thereunder.
Any assignment (as that term is defined in the Investment Company Act) of this Agreement made by MCCM shall result in the automatic termination of this Agreement, as provided in Section 12 hereof.
MCCM accepts that appointment and agrees to render the services herein set forth, for the compensation herein provided.
In the event of the termination of this Agreement, such other records shall promptly be returned to the Fund by MCCM free from any claim or retention of rights therein, provided that MCCM may retain any such records that are required to be retained by it by law or regulation.
MCCM will not have custody of any securities, cash or other assets of the Fund and will not be liable for any loss resulting from any act or omission of the custodian.
MCCM shall submit to all regulatory and administrative bodies having jurisdiction over the services provided pursuant to this Agreement any information, reports, or other material which any such body by reason of this Agreement may request or require pursuant to applicable laws and regulations.
The records relating to the services provided under this Agreement shall be the property of the Fund and shall be under its control; however, the Fund shall furnish to MCCM such records and permit MCCM to retain such records (either in original or in duplicate form) as MCCM shall reasonably require in order to carry out its business.
The Adviser will promptly notify the Fund and MCCM of any financial condition that is likely to impair the Adviser’s ability to fulfill its commitment under this Agreement.
Notwithstanding the foregoing, MCCM acknowledges that no investment will be made without the affirmative vote of each of the members of the Adviser’s and MCCM’s joint investment committee (the “Investment Committee”).
Without limiting any other rights or obligations set forth in the Contract Documents, GC/CM shall obtain, preserve and make available sufficient cost data to facilitate the independent audit specified in RCW 39.10.385(11) if the GC/CM subcontracts with an MC/CM or EC/CM as allowed by RCW 39.10.385.