Fund Structure. Other than in compliance with the provisions of this Credit Agreement, none of the Borrowers shall, nor shall it permit any other Credit Party to, transfer, withdraw or assign its interest in any other Credit Party or its obligations under the Loan Documents without the prior written consent of the Administrative Agent, which consent may be granted or withheld in the Administrative Agent’s sole and absolute discretion.
Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The term "
Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The Partnership may from time to time organize such Operating Companies as the Managing General Partner deems necessary or advisable to accomplish the objectives of the Partnership, so long as the Constituent Documents of any such Operating Company, together with any other agreements entered into in connection with the organization of such Operating Company, provide the Partnership, the Managing General Partner or another Hxxxx Controlled Entity, directly or indirectly, with Control of such Operating Company. The Partnership, each Operating Company and any Entity in which an Operating Company holds a direct or indirect interest is sometimes referred to in this Agreement as a “Fund Entity”. The Partnership and all other Fund Entities collectively are sometimes referred to herein as the “Fund”. Each Partner, and each Person that holds an equity interest in any Operating Company or other Fund Entity or which makes an equity investment in any Property in which any Operating Company invests, and which is designated as such by the Managing General Partner, shall be deemed a “Fund Investor”. The Managing General Partner shall promptly notify each Partner of the identity and notice address of any Person designated a Fund Investor.
Fund Structure. Please indicate how you would like to distribute the Fund over time. Endowed Fund: I would like CFU to create an unrestricted endowed fund. Endowed funds provide sustainable support and transformational impact over the long term. Grants are made mainly out of investment income. However, CFU’s Board reserves the right to spend principal in special circumstances outlined in the Investment Policy. Non-Endowed Fund: I would like CFU to create a non-endowed fund. Non-endowed funds are more flexible. They can be used for short-term, transactional funds to address immediate charitable needs or for longer investments where Donor Advisor(s) would like to have access to full spending balance (above the minimum balance) at all times.
Fund Structure. Other than in compliance with the provisions of this Credit Agreement, none of the Borrowers shall transfer, withdraw or assign its interest in any other Borrower or its obligations under the Loan Documents without the prior written consent of the Lenders, which consent may be granted or withheld in the Lender’s sole and absolute discretion.
Fund Structure. No Credit Party shall transfer, withdraw or assign its interest in a Borrower or its obligations under the Loan Documents without the prior written consent of the Administrative Agent, which consent may be granted or withheld in Administrative Agent’s sole and absolute discretion. The Credit Parties shall not form any alternative investment vehicles, parallel investment vehicles or similar vehicles without the prior written consent of the Lenders and the Administrative Agent; provided that, for the avoidance of doubt, the Borrowers shall not be restricted from forming special purpose vehicles wholly-owned (directly or indirectly) by the Initial Borrower for the purposes of making and holding Investments.
Fund Structure. The Town will use the following fund types in its financial reporting as of June 30, 2016: Fund Type/ Account Group No. of Individual Funds No. of Major Funds No. of Funds with Legally Adopted Budgets Special Revenue Funds 8 1 8 Debt Service Funds 3 2 3 Capital Projects Funds 2 1 2
Fund Structure. The City of Boynton Beach uses the following fund types and account groups in its financial reporting: Fund Type/Account Group Number of Individual Funds Number With Legally Adopted Annual Budgets Special Revenue Funds 15 7 Debt Service Funds 1 1 Capital Projects Funds 3 3 Enterprise Funds 4 4 Internal Service Funds 3 3 Pension Trust Funds 3 0 Xxx Xxxx xx Xxxxxxx Xxxxx’s budget for Fiscal Year 2016 is $78 million (General Fund only) for operations. Tax millage rates are 7.9 xxxxx for the General Fund. The City has a Finance staff of three who will be committed to the audit and the timely completion of the Comprehensive Annual Financial Report (CAFR). More detailed information on the government and its finances can be found in budget documents, official statements, annual financial reports, and administrative policies and procedures manuals.
Fund Structure. (a) The Partnership will invest in real estate properties in the United States indirectly through Operating Companies in which the Partnership holds or hereafter acquires a direct or indirect interest. The Partnership may from time to time organize such Operating Companies as the Managing General Partner deems necessary or advisable to accomplish the objectives of the Partnership, so long as the Constituent Documents of any such Operating Company, together with any other agreements entered into in connection with the organization of such Operating Company, provide the Partnership, the Managing General Partner or another Xxxxx Controlled Entity, directly or indirectly, with Control of such Operating Company. The Partnership, each Operating Company and any Entity in which an Operating Company holds a direct or indirect interest is sometimes referred to in this Agreement as a “Fund Entity”. The Partnership and all other Fund Entities collectively are sometimes referred to herein as the “Fund”. Each Partner, and each Person that holds an equity interest in any Operating Company or other Fund Entity or which makes an equity investment in any Property in which any Operating Company invests, and which is designated as such by the Managing General Partner, shall be deemed a “Fund Investor”. The Managing General Partner shall promptly notify each Partner of the identity and notice address of any Person designated a Fund Investor. (b) As of the date of this Agreement, the Fund consists of the Partnership, NY Trust and the subsidiaries of NY Trust and US Core Trust and the subsidiaries of US Core Trust, including US Core Properties and the subsidiaries of US Core Properties. The organizational structure of the Fund is as set forth on Schedule 5.1. The Partnership
