Substitution of Interests. The Feeder Fund shall refrain from substituting Interests in the Master Fund held by the Feeder Fund unless the SEC has approved such substitution in accordance with Section 26 of the 1940 Act.
Appears in 13 contracts
Samples: Agreement (Grosvenor Registered Multi-Strategy Fund (W), LLC), Agreement (Excelsior Private Markets Fund III (Master), LLC), Agreement (Excelsior Private Markets Fund III (Master), LLC)
Substitution of Interests. The Feeder Fund shall refrain from substituting Interests in Shares of the Master Fund held by the Feeder Fund unless the SEC has approved such substitution in accordance with Section 26 of the 1940 Act.
Appears in 2 contracts
Samples: Agreement (Gottex Multi-Alternatives Master Fund), Agreement (Gottex Multi-Asset Endowment Master Fund)
