TIFF Assets definition

TIFF Assets. TIFF Assets for any period means the daily average over the period of the total assets of funds advised by TIFF Advisory Services, Inc., or its affiliates managed by the Manager or its affiliates, whether through a separate account or an interest in a pooled investment fund offered by the Manager. For assets placed with the Manager by a TIFF vehicle that calculates its net asset value on a daily basis, the average of the daily net asset values of such Managed Assets for the applicable period will be used for these purposes, and for assets placed by a TIFF vehicle or other account that does not calculate its net asset values on a daily basis, the average will be approximated using the value of such Managed Assets at the opening of the applicable period, adjusted by any contributions or withdrawals during the period.
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TIFF Assets. TIFF Assets for any period means the assets in any Managed Account managed pursuant to this Agreement plus all other assets of funds advised by TIFF Advisory Services, Inc., or its affiliates that are managed by the Manager or its affiliates under a “high alpha account” designation. The value of the assets used for purposes of this definition will be the value as defined under the Money Manager Agreement applicable to such assets.
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TIFF Assets. TIFF Assets for any period means the daily average over the period of the aggregate assets placed by TIFF Advisory Services, Inc., or its affiliates, with the Manager or its affiliates, whether in a separately managed account or an interest in a pooled investment fund offered by the Manager. For assets placed with the Manager by a TIFF vehicle that calculates its net asset value on a daily basis, the average of the daily net asset values of such Managed Assets for the applicable period will be used for these purposes, and for assets placed by a TIFF vehicle or other account that does not calculate its net asset values on a daily basis, the average will be approximated using the value of such Managed Assets at the opening of the applicable period, adjusted by any contributions or withdrawals during the period. The fee shall be prorated for any period that is less than a full calendar month. All capitalized terms used but not defined in this Schedule I shall have the meanings ascribed to them in the Agreement.
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Examples of TIFF Assets in a sentence

  • Definitions related to the Calculation and Payment of the Fee Fee Rate: 0.65% per annum on the first $50 million of TIFF Assets 0.60% per annum on the next $100 million of TIFF Assets 0.55% per annum on the next $100 million of TIFF Assets 0.50% on all TIFF Assets in excess of $250 million summing the result of each calculation and dividing by TIFF Assets to determine an effective fee rate, which shall be the Fee Rate.

  • The Manager represents that the fee schedules offered to the Fund are not higher than any fee schedule in effect for clients that i have a separately managed account with a value which is not more than 120% of the aggregate value of the TIFF Assets as defined in Schedule I attached hereto as at the inception date of the Similar Account; ii have a substantially similar investment mandate; and iii that have an inception date on or after the date of this Agreement a Similar Account .

  • If TIFF Assets decline below a given breakpoint in any one month for any other reason, the Fee Rate will increase.

  • Fee Rate: The Fee Rate per annum is determined based on TIFF Assets: Except as provided below, if TIFF Assets are: Less than $150,000,000 $150,000,000 - $300,000,000 Greater than $300,000,000 The Fee Rate is: 0.75% per annum on all assets 0.65% per annum on all assets 0.55% per annum on all assets If TIFF Assets decline below a given breakpoint in any one month solely as a result of market movements or investment performance, the Fee Rate will not increase.

  • The Manager represents that the fee schedules offered to the Fund are not higher than any fee schedule in effect for clients that (i) have a separately managed account with a value which is not more than 120% of the aggregate value of the TIFF Assets (as defined in Schedule I attached hereto) as at the inception date of the Similar Account; (ii) have a substantially similar investment mandate; and (iii) that have an inception date on or after the date of this Agreement (a “Similar Account”).


More Definitions of TIFF Assets

TIFF Assets. TIFF Assets for any period means the assets in any Managed Account managed pursuant to this Agreement plus all other assets of funds advised by TIFF Advisory Services, Inc., or its affiliates that are managed by the Manager or its affiliates under a “high alpha account” designation. The value of the assets used for purposes of this definition will be the value as defined under the Money Manager Agreement applicable to such assets. Definitions Related to the Calculation and Payment of the Performance Based Fee: Calculation Period: Calculation Period means each calendar month. In the event of a complete withdrawal, the final Calculation Period shall be the period that commences on first day of the month of withdrawal and ends on the date of complete withdrawal, even though less than a full month. Effective Date: The Effective Date is the date on which the Fund has first placed assets with the Manager.
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Related to TIFF Assets

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Ancillary Assets means sovereign debt in the currency of denomination of the ETP Securities with an original maturity of less than one month which is rated at least A-1 by Standard & Poor's Ratings Services, and/or P-1 by Moody's Investors Service Ltd. and/or F1 by Fitch Ratings Limited.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Receivables Transaction Attributed Indebtedness means the amount of obligations outstanding under the legal documents entered into as part of any Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transaction were structured as a secured lending transaction rather than as a purchase.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division, line of business or individual facility of a person (or any subsequent investment made in a person or division, line of business or individual facility previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in all material respects in accordance with applicable laws; (iii) [reserved]; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.11, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments by the Borrower or a Subsidiary Loan Party in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests in persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed, the greater of (x) $40,000,000 and (y) 0.12 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 2.72 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Receivables and Related Assets means Receivables and any instruments, documents, chattel paper, obligations, general intangibles and other similar assets, in each case, relating to such Receivables.

  • Specified Assets the following property and assets of such Grantor:

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • Replacement Assets means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Assets means all properties, rights, contracts, leases and claims, of every kind and description, wherever located, whether tangible or intangible, and whether real, personal or mixed.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;