Private Fund Client definition

Private Fund Client means each vehicle for collective investment (in whatever form of organization, including the form of a corporation, company, limited liability company, partnership, association, trust or other entity, and including each separate portfolio or series of any of the foregoing) (1) that is not registered or required to be registered with the SEC as an investment company under the Investment Company Act, and (2) for which a Company Investment Advisor Subsidiary acts as the sponsor, general partner, managing member, trustee, investment manager, investment advisor, sub-advisor, or in a similar capacity.
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Examples of Private Fund Client in a sentence

  • The Company shall use commercially reasonable efforts to obtain the Private Fund Client Consents prior to the Closing Date.

  • Each Private Fund Client has sufficient collateral to support its borrowing.

  • The written consent of each such limited partner or member (as applicable) for purposes of the transactions contemplated hereby shall be solicited pursuant to such notices, and any limited partner or member (as applicable) declining to give such written consent shall be given the opportunity pursuant to such notice to withdraw its investment from the applicable Private Fund Client prior to the Closing.

  • All outstanding Interests of each Private Fund Client (i) have been issued, offered and sold in compliance with Applicable Law in all material respects and (ii) have been duly authorized and validly issued and are (if applicable) fully paid and (if applicable) non-assessable.

  • Each Private Fund Client that is a trust has been duly organized and is validly existing and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now conducted.

  • All outstanding Interests of each Private Fund Client (1) have been issued, offered and sold in compliance with Applicable Law in all material respects and (2) have been duly authorized and validly issued and are fully paid and (if applicable) non-assessable.

  • Each investor or potential investor in a Private Fund Client has been delivered an applicable offering document relating to such Private Fund Client as required by Applicable Law (and in any event prior to subscribing for, or otherwise making an investment decision with respect to, Interests in such Private Fund Client).

  • Subject to any changes occurring after the date of this Agreement which are permitted by the terms of this Agreement, Schedule 2.7 identifies each client for which either Royce Company provides Asset Management Services that is a Private Fund Client.

  • Each Private Fund Client is duly qualified, licensed or registered to do business in each jurisdiction where it is required to do so under Applicable Law, except for any failure to be so qualified, licensed or registered that, individually and in the aggregate, would not reasonably be expected to have, a material adverse effect on the Private Fund Clients, taken as a whole.

  • Each Private Fund Client is duly qualified, licensed or registered to do business in each jurisdiction where it is required to do so under Applicable Law, except for any failure to be so qualified, licensed or registered that, individually and in the aggregate, would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.