UTIMCO definition
Examples of UTIMCO in a sentence
By not later than 11:00 a.m. C.S.T. on the date of a proposed purchase of Notes hereunder (the “Proposed Purchase Date”), an Authorized Representative of the Board shall submit a purchase request to an Authorized Representative of UTIMCO specifying the amount of Notes to be purchased and the Proposed Purchase Date.
There shall be no penalty for termination; however, UTIMCO shall be entitled to all management fees, compensation, and benefits earned prior to the effective date of termination, subject to UTIMCO’s Articles of Incorporation and Bylaws and applicable law.
On or before the first day of each fiscal quarter, UTIMCO shall be entitled to charge each Fund with its allocable share (determined in accordance with the allocation formula then in effect) of one-fourth of the amount of the Annual UTIMCO Management Fee to pay UTIMCO’s operating expenses for the succeeding fiscal quarter.
Board reserves the right and authority, in its sole discretion, to disclose, or direct the disclosure of, any information at any time, to the extent such disclosure would not result in a violation of applicable law or breach or result in a default under any agreement binding upon UTIMCO or the U.
Board desires to continue an Agreement with UTIMCO for UTIMCO to invest certain designated assets under the control and management of the U.
Furthermore, UTIMCO Board approval of UTIMCO management’s services as directors of investee companies shall be conditioned upon the extension of UTIMCO’s Directors and Officers Insurance Policy coverage to UTIMCO management’s services as directors of investee companies.
The CEO of UTIMCO shall confer with the Chancellor on the above-mentioned matters where the Chancellor has primary oversight and management and on other matters that may implicate broader policies of the U.
If the Purchase Date is the Proposed Purchase Date, UTIMCO shall make available, in federal or other immediately available funds, to the Paying Agent, the funds necessary to fund such purchase at or prior to 1:30 p.m. C.S.T. on the Purchase Date, in which event the purchase price shall be par as provided in the Note Resolution.
UTIMCO is hereby authorized and empowered, with full discretion, to issue instructions in accordance with the Investment Policies to such unaffiliated brokerage firms as may be selected by UTIMCO for the execution of orders for the purchase, sale, exchange and general investment of the Funds; provided that UTIMCO shall not select a brokerage firm that is an Affiliate of UTIMCO or any of its officers, directors or employees.
UTIMCO may terminate this Agreement upon ninety (90) days’ written notice to the U.