Qualifying Fund definition
Examples of Qualifying Fund in a sentence
The Initial Interest Rate shall be reduced to ten percent (10%) upon the first closing of a Qualifying Fund.
For purposes of this Section 2.2, a record or beneficial owner shall be deemed to “own” shares of capital stock of the Corporation that such record or beneficial owner would be deemed to own in accordance with clause (3) of the first paragraph of Section 9.1 (without giving effect to any reference to Constituent Holder or any stockholder fund comprising a Qualifying Fund contained therein).
Two or more collective investment funds that are part of the same family of funds or sponsored by the same employer (a “Qualifying Fund”) shall be treated as one shareholder for the purpose of determining the aggregate number of shareholders in this paragraph (E); provided that each fund included within a Qualifying Fund otherwise meets the requirements set forth in this Section 1.12.
The Nominee QFM may in QFM or Qualifying Fund Manager means qualifying fund manager as defined in Section 784A(1)(a) of the Taxes Act; Taxes Act means the Taxes Consolidation Act 1997.
In the case of ARF's, HFS holds these investments in it capacity as Qualifying Fund Manager (QFM).
If no Qualifying Fund Raising, Non-Qualifying Fund Raising, Sale or event of Insolvency occurs by the Final Maturity Date, the ASA will automatically convert into the number of shares of Ordinary Shares equal to the Purchase Amount divided by the Conversion Price per share (see below).
Non-Qualifying Fund Raising - means the Company raising funds from an issue of shares to any person in a manner which does not constitute a Qualifying Fund Raising excluding the issuance of shares to holders of Convertible Notes.
Qualifying Fund Raising; Sale; an event of Insolvency Qualifying Fund Raising - means the raising in aggregate £7.5m or from an issue of shares to investors.