Share Ledgers. The conversion of interests in TI 1 Fund and TI 2 Fund into, respectively, TI 1 Fund Shares and TI 2 Fund Shares, shall be accomplished by the opening of shareholder accounts on the respective share ledger records of TI 1 Fund and TI 2 Fund in the amounts due to the investors in the Registered Feeder Funds based on their respective holdings in the Registered Feeder Funds as of the Closing Date.
Appears in 2 contracts
Sources: Agreement and Plan of Tax Conversion and Reorganization (Grosvenor Registered Multi-Strategy Fund (Te), LLC), Agreement and Plan of Tax Conversion and Reorganization (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC)