BUMO definition

BUMO means (i) the investment funds, vehicles and/or managed accounts managed on a day-to-day basis primarily by personnel in the Blackstone UK Mortgage Opportunities Program (including, without limitation, Blackstone UK Mortgage Opportunities Fund L.P., a Cayman exempted limited partnership), (ii) any alternative investment vehicles relating to, or formed in connection with, any of the partnerships referred to in clause (i) of this definition, (iii) any parallel fund, managed account or other capital vehicle relating to, or formed in connection with, any of the partnerships referred to in clause (i) of this definition, and (iv) any other exempted limited partnership, limited liability company or other entity (in each case, whether now or hereafter established) of which the Blackstone UK Mortgage Opportunities Program (including, without limitation, Blackstone UK Mortgage Opportunities Fund L.P.) or its personnel serves, directly or indirectly, as the general partner, manager or managing member or in a similar capacity.
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BUMO means (i) the investment funds, vehicles and/or managed accounts managed on a day-to-day basis primarily by personnel in the Blackstone UK Mortgage Opportunities Program (including, without limitation, Blackstone UK Mortgage Opportunities Fund L.P., a Cayman Islands exempted limited partnership, and its successors), (ii) any alternative investment vehicles relating to, or formed in connection with, any of the partnerships referred to in clause (i) of this definition, (iii) any parallel fund, managed account or other capital vehicle relating to, or formed in connection with, any of the partnerships referred to in clause (i) of this definition, and (iv) any other limited partnership, limited liability company or other entity (in each case, whether now or hereafter established) of which the Partnership serves, directly or indirectly, as the general partner, manager, managing member or in a similar capacity.
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Examples of BUMO in a sentence

  • It is further understood and/or agreed that a Covered Person shall first seek to be so indemnified and have such expenses advanced in the following order of priority: first, out of proceeds available in respect of applicable insurance policies maintained by the applicable portfolio entity and/or BUMO; second, by the applicable portfolio entity through which such investment is indirectly held; third, by BUMO (only to the extent the foregoing sources are exhausted).

  • Capital Commitment Investments shall be valued annually as of the end of each year (and at such other times as deemed appropriate by the General Partner) in accordance with the principles utilized by the Partnership (or any other Affiliate of the Partnership that is a general partner of BUMO) in valuing investments of BUMO or, in the case of investments not held by BUMO, in the good faith judgment of the General Partner, subject in each case to the second proviso of the immediately succeeding sentence.

  • The General Partner may from time to time establish such repurchase rights and/or other requirements with respect to the Partners’ GP-Related Partner Interests relating to GP-Related BUMO Investments as the General Partner may determine.

  • Except as otherwise expressly provided in this Article VII or in Article VIII, the terms and provisions of this Article VII and Article VIII shall not apply to the GP-Related Partner Interests or the GP-Related BUMO Interest.