Common use of Interpretation and Application Clause in Contracts

Interpretation and Application. The Fund Manager and Related Party shall act solely in the common interest of the units holders. In the interpretation and application of this fund agreement, the interests of the fund unit holders, including pension savers, shall be given precedence. If the Fund Manager is restricted or prevented from complying with certain terms and conditions due to applicable statutes or mandatory regulations, this shall be considered to the required extent. The Swedish Pension Agency’s at any time applicable internal guidelines and other governing and supporting documents do not constitute contractual content. It is the Swedish Pension Agency’s responsibility to interpret and apply these documents. If one administrative provision referred to in this fund agreement is replaced by another provision, the new provision applies.

Appears in 4 contracts

Samples: Fund Agreement, Fund Agreement, Fund Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.