> For the complete documentation index, see [llms.txt](https://t-blocks.gitbook.io/t-blocks-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://t-blocks.gitbook.io/t-blocks-documentation/legal-framework/management-company-t-blocks-international-sarl.md).

# Management Company (T-Blocks International SARL)

| Attribute         | Detail                                                                                                                |
| ----------------- | --------------------------------------------------------------------------------------------------------------------- |
| Name              | T-Blocks International SARL                                                                                           |
| Legal form        | Société à responsabilité limitée (private limited company)                                                            |
| Jurisdiction      | Grand Duchy of Luxembourg                                                                                             |
| RCS number        | B293452                                                                                                               |
| Registered office | 76-78 Rue de Merl, L-2146 Luxembourg                                                                                  |
| Duration          | Unlimited                                                                                                             |
| Corporate purpose | Manage securitisation funds and, as applicable, act as fiduciary of funds consisting of one or more fiduciary estates |

#### Powers and responsibilities

The Management Company is vested with the broadest powers to administer and manage the assets and liabilities of the Fund and each SubFund, subject to the restrictions set forth in the Management Regulations, any Specific Management Regulations, any Prospectus, and applicable laws and regulations.

The Management Company:

* Creates SubFunds and issues their governing Specific Management Regulations
* Acts in its own name but on account of the Fund or relevant SubFund
* Manages each SubFund in the exclusive interest of its Unitholders, Noteholders, and Lenders
* May delegate functions (with power to sub-delegate) to any person, on any terms, subject to any restrictions it deems fit
* Calculates the Net Asset Value of each SubFund on each NAV Calculation Day
* Maintains the register of Unitholders
* Is entitled to a Management Company Fee and, where applicable, a Performance Fee

#### Cessation of duties

The Management Company's duties cease upon: (a) replacement by a New Management Company in accordance with Article 13 of the Management Regulations, (b) bankruptcy or judicial reorganisation, or (c) any other case provided for in the Management Regulations.

#### Replacement

The Management Company can be replaced upon: (a) its own notification of inability or unwillingness to continue, or (b) dismissal for Cause. In both cases, replacement requires the consent of Unitholders holding more than 80% of all outstanding Units, plus appropriate resolutions by Noteholders and Lenders of each SubFund.

Cause for dismissal includes: material breach not cured within 30 days, serious criminal or regulatory conviction, fraud or gross negligence not rectified within 30 days, or bankruptcy.

If no successor is appointed within three months, the Fund is liquidated.

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