Resource Credit Income Fund definition

Resource Credit Income Fund means and refers to the Trustees from time to time serving under the Trust's Agreement and Declaration of Trust as the same may subsequently thereto have been, or subsequently hereto be, amended. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of Trustees, officers, employees, agents or nominees of the Trust, or any shareholders of any share of the Trust, personally, but bind only the trust property of the Trust (and only the property of the Fund), as provided in the Agreement and Declaration of Trust. The execution and delivery of this Agreement have been authorized by the Trustees and shareholders of the Fund and signed by officers of the Trust, acting as such, and neither such authorization by such Trustees and shareholders nor such execution and delivery by such officers shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust (and only the property of the Fund) as provided in its Agreement and Declaration of Trust.
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Resource Credit Income Fund and the Trustees shall conduct the business of the Trust under that name, or any other name as they may from time to time determine.
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Examples of Resource Credit Income Fund in a sentence

  • These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the "Declaration of Trust"), of Resource Credit Income Fund, the Delaware statutory trust established by the Declaration of Trust (the "Trust").

  • Alternative Credit Income Fund (formerly known as Resource Credit Income Fund) (the “Fund”) was organized as a Delaware statutory trust on December 11, 2014 and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end management investment company that operates as an interval fund with a continuous offering of its shares.

  • Resource Credit Income Fund hereby acknowledges that this Agreement sets out the Company’s full and complete understanding of the scope and objectives of the engagement between the Firm and Alaric, and hereby executes the Agreement intending to be legally bound to its terms.

  • If you already own shares of Resource Credit Income Fund or Resource Real Estate Diversified Income Fund, you may already be eligible for a reduced sales charge on Class L share purchases.Please provide the account number(s) below to qualify (if eligible).[ ] $100,000 or more [ ] $500,000 or more [ ] $250,000 or more [ ] $1,000,000 or more Account No.

  • Alternative Credit Income Fund (fka Resource Credit Income Fund) By: /s/ Bxxxxxx X.

  • Broker-Dealer desires to enter into this Agreement with the Distributor to sell shares of the fund(s) (each individually a “Fund” and collectively “Funds”) offered by Resource Credit Income Fund (“Company”), a registered closed-end management investment company that is operated as an interval fund, and Broker-Dealer will provide distribution-related, continuing personal services to shareholders and/or administration of shareholder accounts with respect to the Fund(s) currently offered by the Company.

  • The minimum initial investment by a shareholder for Class A shares is $2,500)Resource Credit Income Fund $ Investment Type: [ ] Initial Investment [ ] Additional Investment - Provide Existing Resource Credit Income Fund Account Number___________________ Payment will be made with: [ ] Enclosed check (Make check payable to Resource Credit Income Fund) [ ] Funds wired [ ] Funds to followThird Party checks are not accepted.

  • These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the “Declaration of Trust”), of Resource Credit Income Fund, the Delaware statutory trust established by the Declaration of Trust (the “Trust”).

  • Rights of Accumulation If you already own shares of Resource Real Estate Diversified Income Fund or Resource Credit Income Fund, you may already be eligible for a reduced sales charge on Class A share purchases.

  • Upon the parties’ execution of this Agreement, Axxxxx shall designate a Director to serve in the capacity of Chief Compliance Officer (“CCO”) of Resource Credit Income Fund.

Related to Resource Credit Income Fund

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Investment Income means dividends, capital gains, or interest in- come generated from:

  • Utilization plan means a form and additional

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Moderate Income means more than 50 percent but less than 80

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Resource recovery means the recovery of material or energy from solid waste.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Area Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.