Similar Account definition

Similar Account means an account that (a) invests in the same type of investment assets allocated to the Fund, within the same relative asset allocation ranges, and (b) does not include a performance or incentive fee arrangement as a component of its fee schedule. The Adviser shall bear all expenses incurred by it and its staff with respect to all activities in connection with the performance of the Adviser’s services under this Agreement, including but not limited to salaries, benefits, overhead, travel, and preparation of reports. Upon request by the Manager, Adviser agrees to reimburse the Manager for costs associated with certain supplements to the Fund’s disclosure documents (“Supplements”). Such Supplements are those generated due to changes by Adviser requiring prompt disclosure in the Trust’s prospectus, statement of additional information, and/or information statement and for which, at the time of notification by Adviser to Manager of such changes, the Trust is not already generating a supplement for other purposes or for which the Manager may not be able to reasonably add such changes to a pending supplement. Such changes by Adviser include, but are not limited to, changes to its structure, to key investment personnel, to investment style or management. Adviser shall reimburse the Manager or the Trust, as applicable, for all of the costs associated with generating such Supplements, and/or any required Board and/or proxy expenses related to approving a change in control of the Adviser. Reimbursable costs may include, but are not limited to, costs of preparation, filing, printing, postage, and/or distribution of such Supplements to all existing Fund shareholders and any additions or modifications to the Adviser’s operations necessary to perform its services hereunder in compliance with this Agreement, any policies and procedures adopted by the Trust and applicable law. The Fund shall be responsible for payment of brokerage commissions, transfer fees, investment-related registration costs, transaction-related taxes (including transfer taxes and premiums), taxes withheld on foreign dividends, investment-related interest expense, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, loan settlement costs (e.g., ClearPar), margin fees and other similar costs and transaction-related expenses and fees arising out of transactions effected on behalf of the Fund, which shall be deducted from the portion of assets of the Fund alloca...
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Similar Account means an account that (a) is a pooled investment vehicle, (b) employs a substantially similar investment strategy to that utilized by the Fund (i.e., your high yield bond strategy and any successor to such strategy), and (c) does not include a performance or incentive fee arrangement as a component of its fee schedule. For the avoidance of doubt, this Section 4(b) shall not apply in respect of (1) any account or fee arrangement that was in place on or before the date of this Agreement, (2) separately managed accounts, (3) “fund-of-one” accounts where you or your affiliates provide a capital commitment in addition to your client’s investment (a “Fund-of-One Account”), (4) your or your affiliates invested capital in any fund or account you sponsor, manage or advise, and (5) any privately placed fund offered by you or your affiliates with liquidity less frequently than daily liquidity.
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Examples of Similar Account in a sentence

  • The Manager agrees that if it subsequently agrees to a fee schedule for a Similar Account that is lower than the fee schedules offered to the Fund, whether for a separately managed account or an interest in a pooled investment fund offered by the Manager, the Manager will promptly offer the lower fee schedule to the Fund.

  • The Manager agrees that if it subsequently agrees to a fee schedule for a Similar Account that is lower than the fee schedules offered to the Fund, the Manager will promptly offer the lower fee schedule to the Fund.

  • Sub-Adviser’s Large Cap Absolute Value Mandate and Large Cap 1000 Assets: [REDACTED] Sub-Adviser’s Large Cap Absolute Value -Low Tracking Error Mandate Assets: All SEI Similar Account Assets invested in the Absolute Value and Large Cap 1000 mandates shall have breakpoints calculated on commingled assets, with individual adviser fund fees allocated pro rata.

  • He does not believe a concrete company is going to pour extra concrete out of the goodness of their heart.

  • Tax Managed Large Cap Fund If Assets, together with SEI Similar Account Assets, are less than $100 million: 0.55% of the first $50 million; 0.35% on the assets in excess of $50 million.

  • Sub-Adviser’s Large Cap Absolute Value Mandate and Large Cap 1000 Assets: Sub-Adviser’s Large Cap Absolute Value -Low Tracking Error Mandate Assets: All SEI Similar Account Assets invested in the Absolute Value and Large Cap I 000 mandates shall have breakpoints calculated on commingled assets, with individual adviser fund fees allocated pro rata.

  • If Lazard sells securities short, including on behalf of a Similar Account, it may be seen as harmful to the performance of the World Equity Ex-US and Screened World Equity Ex-US Funds to the extent it invests "long" in the same or similar securities whose market values fall as a result of short-selling activities.

  • All SEI Similar Account Assets invested in the Absolute Value -Low Tracking Error mandate will utilize the assets size of the previous two mandates for calculation of the requisite breakpoint only on its marginal assets.

  • With OLIF v.2, entries may be formally organized on a conceptual basis, as is the case with many terminology representation models.

  • Tax Managed Large Cap Fund If Assets, together with SEI Similar Account Assets, are less than $xxx million: x.xx% of the first $xx million; x.xx% on the assets in excess of $xx million.

Related to Similar Account

  • Regular account means the account established for each active and inactive member un-

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Member Account means the regular account and the variable account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Investment Account As defined in Section 3.12(a).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.