Private Fund Clients definition

Private Fund Clients has the meaning set forth in the Recitals, which shall include, for the avoidance of doubt, SICAV.
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Private Fund Clients has the meaning set forth in the Recitals.
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Private Fund Clients means, collectively, each of the collective investment vehicles organized as a limited liability company or a limited partnership whose assets are managed by R&A or RMC as of the date of this Agreement that is not registered as an investment company under the Investment Company Act.
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Examples of Private Fund Clients in a sentence

  • Except as set forth on Schedule 3.02(l), there is, and since January 1, 2013 has been, no litigation, claim, action, arbitration, proceeding or investigation (“Litigation”) pending or, to the Company’s Knowledge, threatened in writing against any of the Acquired Companies or any of the Private Fund Clients, or to which any of the Acquired Companies or any of the Private Fund Clients or any of the properties, assets, managers, general partners or officers of the Acquired Companies are subject.

  • Except with respect to such Private Fund Clients and except as described in Schedule 4.11(a) of the Company Disclosure Schedule, no Company Entity currently acts as investment adviser, investment sub-adviser, commodity pool operator, commodity trading advisor, general partner, managing member, manager or sponsor or in any similar capacity to any Fund that is exempt from registration as an investment company under the Investment Company Act and any other comparable Applicable Law.

  • There are, and since January 1, 2013, have been, no outstanding judgments, decrees, stipulations or orders in favor of or naming any Person relating to any of the Acquired Companies or any of the Private Fund Clients or any Affiliates, general partners, managers or officers of the Acquired Companies, as applicable, relating to the performance of their duties in such capacities or against or affecting their properties.

  • Except with respect to such Private Fund Clients, none of the Adviser Entities, nor any Affiliate thereof, acts as investment adviser, investment sub-adviser, general partner, managing member, member, manager, sponsor to any Fund or as trustee of any trust that is exempt from registration as an investment company or in any similar capacity under the Investment Company Act or any other comparable Applicable Law.

  • Such annual audited Private Fund Financial Statements present fairly in all material respects the financial position, results of operations and cash flows of the Private Fund Clients as at and for the respective periods then ended, and have been prepared in accordance with GAAP.

  • The calculation of the performance of the Business, the Direct Clients and the Private Fund Clients is (and will continue to be through the Closing) accurate in all material respects.

  • Such Private Fund Financial Statements present fairly the financial position, results of operations and cash flows of the Private Fund Clients as at and for the respective periods then ended, and have been prepared in accordance with GAAP or IFRS, as applicable.

  • Each of the Adviser Entities has maintained (and will continue to maintain through the Closing) all books and records necessary or required under Applicable Law to calculate performance of the Business, the Direct Clients and the Private Fund Clients.

  • 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.