Security Equity definition
Examples of Security Equity in a sentence
Security Equity Fund (the "Fund") and Security Distributors, Inc.
Security Equity Fund (the "Company") and Security Distributors, Inc.
The Adviser hereby retains the Subadviser to act as investment adviser for and to manage certain assets of the Funds subject to the supervision of the Adviser and the respective Boards of Directors of SBL Fund and Security Equity Fund and subject to the terms of this Agreement; and the Subadviser hereby accepts such employment.
This Agreement shall become effective upon the date first above written, provided that this Agreement shall not take effect with respect to the Funds, unless it has first been approved by a vote of a majority of those directors of SBL Fund and Security Equity Fund, as applicable, who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
The security interest of the Trustee shall nevertheless come into existence and continue in the Collateral Debt Security, Equity Security or Eligible Investment so acquired, including all rights of the Issuer in and to any contracts related to and proceeds of such Collateral Debt Security, Equity Security or Eligible Investment.
This Agreement shall become effective upon the date first above written, provided that this Agreement shall not take effect with respect to a Fund unless it has first been approved by a vote of a majority of those directors of SBL Fund and Security Equity Fund, as applicable, who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
The schedule in 2 above is subject to the following minimum fees: (i) in the first year from the date the Enhanced Index Series of Security Equity Fund is seeded (the "Seeding Date"), no minimum fee; (ii) in the second year from the Seeding Date, $100,000 minimum and (iii) in the third year from the Seeding Date and each year thereafter, $200,000 minimum.
This Agreement shall become effective upon the date first above written, provided that this Agreement shall not take effect with respect to the Funds unless it has first been approved by a vote of a majority of those directors of SBL Fund and Security Equity Fund, as applicable, who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval.
The parties agree that the fee paid by the Adviser to the Subadviser for the services rendered by the Subadviser to the Enhanced Index Series of Security Equity Fund (the "Enhanced Index Series") shall be based on the combined average daily net assets of the Enhanced Index Series and a future series of SBL Fund with the same investment objective as the Enhanced Index Series.
The parties agree that the fee paid by the Adviser to the Subadviser for the services rendered by the Subadviser to the Enhanced Index Series of Security Equity Fund and Series H of SBL Fund (collectively referred to herein as the "Enhanced Index Funds"), shall be based on the combined average daily net assets of the Enhanced Index Funds.