Non-Management Trustee definition

Non-Management Trustee means a Trustee who is not an “interested person” (as defined in the 1940 Act) of the Trust’s investment adviser.
Sample 1Sample 2Sample 3
Non-Management Trustee means a Trustee who is not an “interested person” (as defined in the 1940 Act) of the Trust’s investment adviser. (j) “Person” shall mean and include individuals, corporations, partnerships, trusts, limited liability companies, associations, joint ventures and other entities, whether or not legal entities, and governments and agencies and political subdivisions thereof. (k) “Proposed Nominee Associate” of any Proposed Nominee shall mean (i) any person acting in concert with such Proposed Nominee, (ii) any beneficial owner of Shares of the Trust owned of record or beneficially by such Proposed Nominee (other than a Shareholder that is a depositary) and (iii) any person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Proposed Nominee or such Proposed Nominee Associate. (l) “publicly announced or disclosed” shall mean disclosed in a press release reported by the Dow Jones News Service, Associated Press or comparable national news service, in a document publicly filed by the Trust with the Securities and Exchange Commission, or in a Web site accessible to the public maintained by the Trust or by its investment adviser.(m)
Sample 1Sample 2Sample 3
Non-Management Trustee means a Trustee who, in the applicable calendar year, was not compensated, directly or indirectly, by the Trust, any Subsidiary or any of their Affiliates, other than compensation for service as a Trustee or as a member of any committee of the Board.
Sample 1Sample 2Sample 3

Examples of Non-Management Trustee in a sentence

  • Acts and practices, including but not limited to the following, items set forth by NASAA on DISHONEST OR UNETHICAL BUSINESS PRACTICES OF BROKER-DEALERS AND AGENTS (Statementof Policy) adopted May 23, 1983 (found at www.nasaa.org), herein incorporated by reference, are may be considered contrary to such standards.

  • An individual nominated or seated as a Non-Management Trustee shall not, and any immediate family member of such nominee shall not, during the year of the election or nomination of such individual and during the immediately preceding calendar year, accept or have accepted directly or indirectly any consulting, advisory, or other compensatory fee from a 5% Holder or from any Person in a control relationship with or who acts in concert with a 5% Holder.

  • An individual nominated or seated as a Non-Management Trustee shall not, and any immediate family member of such nominee shall not, during the year of the election or nomination of such individual and during the immediately preceding calendar year, be or have been an employee, officer, general partner, manager, managing member, trustee or director (or person performing similar functions) of a 5% Holder or any Person in a control relationship with or who acts in concert with a 5% Holder.

  • An individual nominated or seated as a Non-Management Trustee shall not be an “interested person” (as defined in the 1940 Act) of the Trust.

  • An individual nominated or seated as a Non-Management Trustee shall not be an “affiliated person” (as defined in the 1940 Act) of the Trust or an affiliated person of such a person.

  • An individual nominated or seated as a Non-Management Trustee shall not, and any immediate family member of such individual shall not, control or act in concert with any 12(d) Holder or any Person in a control relationship with a 12(d) Holder.

  • An individual nominated or seated as a Non-Management Trustee shall not, and any immediate family member of such individual shall not, control or act in concert with any “12(d) Holder” (as defined below) or any Person in a control relationship with a 12(d) Holder.

  • Each Non-Management Trustee is required to certify annually that he or she has read and understands the Code and recognizes that he or she is subject to the Code.

  • A Non-Management Trustee is required to provide 1) an initial holdings report, 2) quarterly transactions reports, and 3) an annual holdings report to the Officer under this Code.

  • The Officer will review any reports delivered by a Non-Management Trustee.


More Definitions of Non-Management Trustee

Non-Management Trustee means a Trustee who is not an “interested person” (as defined in the 1940 Act) of the Trust’s investment adviser (including any investment sub-adviser).
Sample 1Sample 2Sample 3
Non-Management Trustee means a trustee of the Company who is not an employee of the Company or any Subsidiary. “Nonqualified Share Option” means an Option which is not an Incentive Share Option.
Sample 1
Non-Management Trustee means any Trustee who is not a Management Trustee.
Sample 1
Non-Management Trustee means a trustee of the Company who is not an employee of the Company or any Subsidiary.
Sample 1
Non-Management Trustee means a trustee who: (A) is not, and has not at any time during the past five years been, (i) an officer (as defined in Rule 18A-1(f) under the Securities Exchange Act) of the Company or any Subsidiary of the Company or (ii) otherwise employed by the Company or any Subsidiary of the Company; (B) does not receive compensation, either directly or indirectly, from the Company or any Subsidiary of the Company, for services rendered as a consultant or in any capacity other than as a trustee; (C) does not possess an interest in any business transaction with the Company or any Subsidiary of the Company; (D) is not engaged in any business relationship with the Company or any Subsidiary of the Company; (E) is not, and has not at any time during the past five years been, party to any tax indemnity or sharing agreement with the Company, the Operating Partnership or any Subsidiary; and (F) is not in the "immediate family" (as defined in Rule 18A-1(e) under the Securities Exchange Act) of any Person who, if such Person were a trustee, would not be a Non-Management Trustee. Notwithstanding the foregoing, for purposes of this Agreement (i) any member of the Company's Board of Trustees that is a designee of the Lender, Vornado Realty Trust, Cadim, Inc. or the holders of the Company's Series B Shares pursuant to the Company's Declaration of Trust and (ii) any member of the Company's Board of Trustees who would be a Non-Management Trustee but for the fact that such member does not satisfy clause (D) above solely because such member has entered into a standstill agreement with the Company or the Company has granted such member a limited exception to the ownership limitations contained in the Company's Declaration of Trust, shall be a "Non-Management Trustee."
Sample 1

Related to Non-Management Trustee

  • Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

  • NIM Trustee The trustee for the NIM Securities.

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

  • Non-Managing Member means any Member other than the Managing Member.

  • Independent Trustees means the members of the Fund’s Board of Trustees who are not "interested persons" (as defined in the 0000 Xxx) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Parent Trustees means the Trustees elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Relevant Trustee shall have the meaning specified in Section 8.10.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • SARON Administrator means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

  • Corporate Administrator means, with respect to the Issuer, Deutsche International Corporate Services Limited whose registered office is at St. Paul's Gate, New Street, St. Helier, Jersey, JE4 8ZB, Channel Islands and any successor or replacement thereto.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Management Agent means the property management company which oversees the property management functions for the Apartment Housing and which is on-site at the Apartment Housing. The initial Management Agent shall be Xxxxxxxx Valley Management, Inc.

  • Deputy compact administrator means: the individual, if any, in each compacting state appointed to act on behalf of a Compact Administrator pursuant to the terms of this compact responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Region Manager means the designated DNR staff person responsible for managing the affairs of DNR in designated large geographic areas. The Region Manager may perform the duties of the Contract Manager.

  • Contract Administrator means the person authorized to represent the City in respect of the Contract and is identified at the time of award of the Contract;

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Nursing home administrator or "administrator" means any individual who is charged with the general administration of a nursing home, whether or not such an individual has an ownership interest in such home and whether or not the functions and duties are shared with one or more other individuals.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Compact administrator means: the individual in each compacting state appointed pursuant to the terms of this compact, responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • relevant trust means a trust established out of funds provided by the Secretary of State in respect of persons who suffered, or who are suffering, from variant Creutzfeldt-Jakob disease for the benefit of persons eligible for payments in accordance with its provisions;

  • Corporate Trustee means a Trustee which is a banking institution or trust company regularly engaged in the business of trust administration in which no Beneficiary has any controlling interest.