Common use of Investment Guidelines Clause in Contracts

Investment Guidelines. Client is responsible for informing Adviser, in advance and in writing, of any investment or other guidelines, objectives, restrictions, conditions, limitations or directions applicable to, as well as any cash needs of, the Account, from time to time (“Investment Guidelines”), and of any changes or modifications to any such Investment Guidelines; provided, that any change or modification to the Investment Guidelines shall become effective only after at least fifteen (15) days’ advance notice to Adviser (unless Adviser expressly consents to a shorter time period). Client must give Adviser prompt written notice if Client deems any Investments made or actions taken on behalf of the Account to be in violation of the Investment Guidelines. Compliance with the Investment Guidelines shall be determined on the date of purchase for an Investment, based upon the price and characteristics of the Investment on the date of purchase compared to the value of the Account as of the most recent valuation date; the Investment Guidelines shall not be deemed breached as a result of changes in value or status of an Investment following purchase. Client agrees to furnish promptly, or to cause Client’s Custodian or agent to furnish, to Adviser, all data and information furnished to Adviser hereunder. Adviser shall have no responsibility with respect to the prudence of the Investment Guidelines relative to the Client’s investment portfolio, the overall diversification of Client’s assets or with respect to any assets of Client other than those in the Account.

Appears in 25 contracts

Samples: Investment Advisory Agreement (Inland Residential Properties Trust, Inc.), Investment Advisory Agreement (Retail Properties of America, Inc.), Investment Advisory Agreement (Inland Real Estate Corp)

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Investment Guidelines. Client is responsible for informing AdviserAdvisor, in advance and in writing, of any investment or other guidelines, objectives, restrictions, conditions, limitations limitations, or directions applicable to, as well as any cash needs of, the Account, from time to time (the “Investment Guidelines”), and of any changes or modifications to any such Investment Guidelines; provided, that any change or modification to the Investment Guidelines shall become effective only after at least fifteen (15) days’ advance notice to Adviser Advisor (unless Adviser Advisor expressly consents to a shorter time period). Client must give Adviser Advisor prompt written notice if Client deems any Investments made or actions taken on behalf of the Account to be in violation of the Investment Guidelines. Compliance with the Investment Guidelines shall be determined on the date of purchase for an Investment, based upon the price and characteristics of the Investment on the date of purchase compared to the value of the Account as of the most recent valuation date; the Investment Guidelines shall not be deemed breached as a result of changes in value or status of an Investment following purchase. Client agrees to furnish promptly, or to cause Client’s Custodian or agent to furnish, to Adviser, Advisor all data and information furnished to Adviser Advisor hereunder. Adviser Advisor shall have no responsibility with respect to the prudence of the Investment Guidelines relative to the Client’s investment portfolio, the overall diversification of Client’s assets assets, or with respect to any assets of Client other than those in the Account.

Appears in 1 contract

Samples: Client Advisory Contract

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