Tremont definition
Examples of Tremont in a sentence
Without limiting the obligations of Tremont under this Agreement, OFI shall monitor the investment program maintained by Tremont for the Fund to ensure that the Fund's assets are invested in compliance with this Agreement and consistent with the investment objective and investment policies of the Fund as recited in its Prospectus and Statement of Additional Information, as they may be amended from time to time.
Tremont shall, for purposes of this Agreement, be deemed an independent contractor and shall not have, except as expressly provided or authorized herein, any authority to act for or represent OFI or the Fund in any way or otherwise to serve as or to be deemed an agent of the Fund.
In reaching such determination, Tremont will not be required to place or attempt to place a specific dollar value on the brokerage or research services provided or being provided by such broker-dealer.
The name "Tremont" may be used or licensed by Tremont in connection with any of its activities, or licensed by Tremont to any other party.
Tremont hereby grants to the Fund a royalty-free, non-exclusive license to use the "Tremont" in the name of the Fund for the duration of this Agreement any extensions or renewals thereof.
Tremont shall maintain such registration in effect at all times during the term of this Agreement.
Such license may, upon termination of this Agreement, be terminated by Tremont, in which event the Fund shall promptly take whatever action may be necessary to change its name and discontinue and further use of the name "Tremont" in the name of the Fund or otherwise.
Tremont shall pay the expenses incurred by it in providing services under this Agreement, including, but not limited to, the salaries, employment benefits and other related costs of those of its personnel engaged in providing investment advice to the Fund hereunder, including, without limitation, office space, office equipment, telephone and postage costs and other expenses.
Tremont agrees that all records that it maintains for the Fund, on behalf of OFI, are the property of the Fund and further agrees to surrender promptly to the Fund or to OFI any of such records upon request.
In demonstrating that such determinations were made in good faith, Tremont shall be prepared to show that all commissions were allocated for purposes contemplated by this Agreement and that the total commissions paid by the Fund over a representative period selected by the Board were reasonable in relation to the benefits to the Fund.