SSBC definition
Examples of SSBC in a sentence
This Section 7.20 shall be deemed to qualify each of the representations and warranties set forth in Sections 6.3(c), 6.3(f) and 6.5 in their entirety, but only to the extent such representations and warranties are made as of the date hereof and, in each case, only to the extent such representations and warranties relate to the SSBC Systems.
SSBC will bear all expenses in connection with the performance of its services under this Agreement.
All information included in the Schedules delivered with the Second Stage Bringdown Certificate shall be deemed to modify the representations and warranties set forth in Sections 6.3(c), 6.3(f) and 6.5, as applicable, as of the date hereof and as of the Closing Date but, in each case, only to the extent such representations and warranties relate to the SSBC Systems.
The expense reimbursement obligation of SSBC will be limited to the amount of its fees hereunder.
In addition, the Corporation understands that the persons employed by SSBC to assist in the performance of SSBC's duties under this Agreement will not devote their full time to such service and nothing contained in this Agreement shall be deemed to limit or restrict the right of SSBC or any affiliate of SSBC to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.
In consideration of the services rendered pursuant to this Agreement, the Corporation will pay SSBC, on the first business day of each month, a fee for the previous month at an annual rate of .75% of the Fund's average daily net assets.
In selecting brokers or dealers to execute transactions on behalf of the Fund, SSBC will seek the best overall terms available.
SSBC is hereby authorized to retain third parties and is hereby authorized to delegate some or all of its duties and obligations hereunder to such persons, provided such persons shall remain under the general supervision of SSBC.
The Corporation desires to employ and hereby appoints SSBC to act as investment manager for the Fund.
In assessing the best overall terms available for any transaction, SSBC will consider factors it deems relevant, including, but not limited to, the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer and the reasonableness of the commission, if any, for the specific transaction and on a continuing basis.