Examples of Portfolio Entity in a sentence
In this clause, "X" shall be the number of complete months that any VCF Portfolio Securities issued by a VCF Portfolio Entity that are included in the VCF Portfolio Value calculation that have a Cost Value higher than the aggregate of their VCF Fair Market Value as at such date plus all VCF Distributions in respect thereof have been held.
The Manager shall have power and authority to exercise on behalf of the Company any right or power which the Company may have as a holder of any Portfolio Securities including the right to appoint a director or directors of any Portfolio Entity.
Subject to subclause 13.3 and 13.4, the Manager, any Approved Person and any Connected Person of the Manager may contract with or enter into any financial or other transaction with any Investor or with any Portfolio Entity without being under any obligation to account to the Company for any commission or other payment received in connection therewith except where such contract or transaction would give rise to a conflict with the Manager's duties under this Agreement.
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.
If agreed to by the Board after a request by the Manager, the Company may incorporate, subscribe for and hold shares in one or more wholly owned subsidiary of the Company for the purpose of acquiring and holding Portfolio Securities issued by any Portfolio Entity.