Target Portfolio definition

Target Portfolio means the portfolio of securities, cash and other assets identified by the Client and/or the Receiving Managers to be created through the Transition.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Target Portfolio means the business operations of the Target Companies

Target Portfolio means the Total Portfolio, net of Full Load Products and Hedging Agreements;

Examples of Target Portfolio in a sentence

• Such opinion shall be based on customary assumptions and such representations as ▇▇▇▇ ▇▇▇▇▇ may reasonably request and the Target Portfolio and the Acquiring Portfolio will cooperate to make and certify the accuracy of such representations.

• The period for which a representation, warranty, covenant or agreement survives shall be referred to hereinafter as the “Survival Period.” Notwithstanding anything set forth in the immediately preceding sentence, the right of the Acquiring Portfolio and the Target Portfolio to seek indemnity pursuant to this Agreement shall survive for a period of ninety (90) days beyond the expiration of the Survival Period of the representation, warranty, covenant or agreement upon which indemnity is sought.

• Immediately after the Closing Date, the share transfer books relating to the Target Portfolio shall be closed and no transfer of shares shall thereafter be made on such books.

• The Fund shall file all reports required to be filed by the Target Portfolio and Acquiring Portfolio with the SEC between the date of this Agreement and the Closing Date and the Target Portfolio and Acquiring Portfolio shall deliver to the other party copies of all such reports promptly after the same are filed.

• The Acquiring Portfolio Shares to be issued pursuant to Section 1 hereof have been duly authorized and, when issued in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will not be subject to pre-emptive or dissenters’ rights and will conform in all material respects to the description thereof contained in the Acquiring Portfolio’s Prospectus furnished to the Target Portfolio.

• All liabilities were incurred by the Target Portfolio in the ordinary course of its business.

• All of the outstanding common shares of beneficial interest of the Target Portfolio have been duly authorized and are validly issued, fully paid and non-assessable and not subject to pre-emptive or dissenters’ rights.

• The Target Portfolio covenants further that, pursuant to Section 3(G) hereof, it shall liquidate and dissolve as promptly as practicable after the Closing Date.

• The Acquiring Portfolio shall promptly notify and provide the Target Portfolio with copies of all amendments or supplements filed with respect to the Registration Statement.

• This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been executed by the Fund on behalf of the Target Portfolio and by the Fund on behalf of the Acquiring Portfolio and delivered to each of the parties hereto.

More Definitions of Target Portfolio

Target Portfolio means the business operations of the Target Companies comprising six utility-scale ground-mounted solar farm projects, namely Xiaochang Solar Farm One, Xiaochang Solar Farm Two, Suiping Solar Farm, Shouxian Solar Farm Two, Huainan Solar Farm, and Wuwei Solar Farm Two, with an aggregate approved capacity of 540 MW;

Target Portfolio means a portfolio into which Assets are to be transferred from the Legacy Portfolio or for which Assets are to be acquired or purchased in connection with a Transition.

Target Portfolio means the list of investment Securities or assets to be held at the end of the Transition in the IPOPIF Account, defined as the Verified Buy List in Exhibit A-4.

Target Portfolio means the portfolio of Securities, cash, and other assets identified by IPOPIF, or by the investment manager(s) retained by the IPOPIF, to be managed by the investment manager(s) receiving Account assets.

Target Portfolio means the portfolio (measured by aggregate principal balance) of Collateral Debt Securities and Eligible Investments as of the Closing Date.