Sub-Portfolio definition
Examples of Sub-Portfolio in a sentence
For purposes of such New Master Lease, the Sub-Portfolio Properties shall constitute the "Master Lease Leased Properties" thereunder.
Subadviser may act as the Sub-Portfolio's proxy voting agent directly or Subadviser may (in whole or in part) employ a third-party to vote proxies on behalf of the Sub-Portfolio, provided, however, that in either case, Subadviser shall be responsible for voting all proxies on behalf of the Sub-Portfolio.
Manager will pay Subadviser a monthly fee computed at an annual rate of 0.15% (15 basis points) of the average daily net assets (including for the purposes hereof the value of the collateral portion of the Sub-Portfolio) of the Sub-Portfolio (computed in the manner set forth in the Trust's Declaration of Trust) throughout the month.
The Portfolio shall initially be allocated, as determined by the Manager, into two sub-portfolios (each, a “Sub-Portfolio”), and each Sub-Portfolio shall be subject to the guidelines as agreed from time-to-time by the parties.
Subject to and in accordance with the provisions hereof, the Trustees hereby appoint Subadviser as the Sub-Portfolio's proxy voting agent, and hereby delegate to Subadviser discretionary authority to vote all proxies solicited by or with respect to issuers of securities in which the assets of the Sub-Portfolio may be invested from time to time.
The Adviser shall not, without the prior approval of the Manager, effect any transactions which would cause the portion of the Sub-Portfolio’s assets designated to the Adviser to be out of compliance with any restrictions or policies of the Sub-Portfolio established by the Manager or set forth in the Guidelines or Trust’s registration statement and provided to the Adviser, to the extent that such registration statement is applicable to the Sub-Portfolio.
For the avoidance of doubt, either party may terminate the services provided with respect to any Sub-Portfolio using the same process set forth in this Section 11; provided, however that such termination shall not be considered a termination of the Agreement with respect to any non-terminated Sub-Portfolios.
Any such agreement shall be applicable only with respect to the specific items covered thereby and shall not constitute an agreement not to require payment of any future compensation or reimbursement due to the Sub-Portfolio Manager hereunder.
Within the framework of this policy, the Sub-Portfolio Manager may consider the financial responsibility, research and investment information, and other services provided by brokers or dealers who may effect or be a party to any such transaction or other transactions to which other clients of the Sub-Portfolio Manager may be a party.
This prohibition shall not prevent the purchase of such shares by any of the officers or bona fide employees of the Sub-Portfolio Manager or any trust, pension, profit-sharing or other benefit plan for such persons or affiliates thereof, at a price not less than the net asset value thereof at the time of purchase, as allowed pursuant to rules promulgated under the 1940 Act.