Regulated Funds definition
Examples of Regulated Funds in a sentence
Each of the Sponsored Regulated Funds and, to the Knowledge of the Company, each of the Sub-Advised Registered Funds will be governed by a board of trustees, general partner or board of directors (if any) at least 75% of whom are not “interested persons” (as defined in the Investment Company Act) of the investment adviser to such Regulated Fund.
Parent and Newco shall seek to, to the extent within their reasonable control, ensure compliance with Section 15(f) of the Investment Company Act and all of its conditions as they apply in respect of the Regulated Funds to the transactions contemplated by this Agreement so as to assure that the benefits and protections of Section 15(f) of the Investment Company Act extend to the Company and its Affiliates.
There will be no more than 30% of the Fund invested in below Investment Grade securities; Regulated Funds: The Fund may also invest up to 20% of its Net Asset Value in other Regulated Funds where is it considered consistent with the investment objective of the Fund.
Advisor acknowledges and agrees that, in connection with any such Regulated Funds and SMAs, Advisor will use Marks in the Regulated Funds and SMAs, names or otherwise in marketing and promoting the Regulated Funds and SMAs only as expressly authorized or required by Licensor as specified in this Agreement and in accordance with the terms of this Agreement.
No Subject Company or Sponsored Regulated Fund has any express or implied understanding or arrangement that would reasonably be expected to impose, or any intention to impose, an “unfair burden” (within the meaning of Section 15(f) of Investment Company Act) on any of the Sponsored Regulated Funds for purposes of Section 15(f) of the Investment Company Act as a result of the transactions contemplated by this Agreement.