VCF definition

VCF mean the fund to be established under Part C of the Project as a pilot mechanism to provide financing for priority biodiversity conservation activities on a competitive basis, in accordance with the provisions of paragraph 3 of Schedule 4 to this Agreement.

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VCF means Venture Capital Fund, as described in paragraph 5.B.(i) of Schedule 1.

VCF means a venture capital financing, as an equity investment, loan, quasi-equity investment or other financial investment made in an Investment Enterprise for the purposes of Part A of the Project;

Examples of VCF in a sentence

• Any such election shall be advised by the Company to the Manager by not later than one month following the relevant VCF Review Date (and, failing this, the Company shall be deemed to have elected not to terminate the Venture Capital Portfolio).

• Without prejudice to clause 5.3.1 of the Management Agreement, no investment shall be made in a VCF Portfolio Security unless the Investment Committee has first approved such investment.

• The Manager may, subject to the Board first approving the identity of each VCF Portfolio Entity in accordance with the Management Agreement and the acquisition of VCF Portfolio Securities being approved in accordance with clause 4 of this Agreement, invest the Portfolio in VCF Portfolio Securities in accordance with this Agreement and the Management Agreement.

• The Manager appoints the Venture Portfolio Manager as its sub-contractor to provide the services required to be performed by it under the Management Agreement in respect of the identification of, from the investment in, and management of, the VCF Portfolio Securities and the Venture Portfolio Manager accept this appointment.

• As at each VCF Review Date, the Company may, after consultation with the Venture Portfolio Manager but at its sole discretion, terminate the Venture Capital Portfolio.

• Subject to the Management Agreement and this Agreement, all VCF Distributions from, and the proceeds of sale or other realisation of VCF Portfolio Securities received prior to the first VCF Review Date shall be retained in the Venture Capital Portfolio and made available for reinvestment into VCF Portfolio Securities.

• Any IO Fund Core Portfolio Securities so acquired (or reallocated) shall become VCF Portfolio Securities with the Cost Value thereof being the acquisition cost (including capitalised acquisition costs) or, as the case may be, the VCF Fair Market Value as at the date of becoming VCF Portfolio Securities.

• The recovery of under or overpayment of fees and audit provisions in clauses 9 and 12 of the Management Agreement shall apply, with all necessary modifications, to the VCF Management Fee and the VCF Incentive Fee.

• No investment shall be made or Undrawn VCF Commitment entered into if that would cause the VCF Commitment, immediately after such investment or payment of the obligation due in respect of the Undrawn VCF Commitment, to exceed the VCF Maximum for the time being.

• The Investment Committee shall be disbanded and the Manager shall cease to identify suitable investment opportunities in Venture Capital Businesses and shall not acquire any further VCF Portfolio Securities without the prior written consent of the Board (unless in performance of an Undrawn Commitment made prior to date of termination) but shall otherwise continue to manage the Venture Capital Portfolio in accordance with the terms of this Agreement and the Management Agreement.

More Definitions of VCF

VCF means venture capital fund as defined in the AIF Regulations, as amended from time to time.

VCF means the coefficient of expansion for petroleum liquids at a given temperature and density. The product of the petroleum liquid volume, and the volume correction factor, equals the liquid volume at a standard temperature of either 60 degrees F or 15 degrees C.