Feeder Vehicle definition
Examples of Feeder Vehicle in a sentence
Notwithstanding any provision in this Agreement (including Section 11.1), the parties hereto acknowledge that, subject to Section 11.2, the General Partner (on its own behalf or on behalf of the Partnership) and its Affiliates may enter into Side Letters with any Private Vehicle, Feeder Vehicle or Private Investor without the approval of any Limited Partner (other than UST) or any other Person which have the effect of establishing rights under, or altering or supplementing the terms of, this Agreement.
Any Offering Materials used to market a direct or indirect interest in a Private Vehicle, a Feeder Vehicle or the Partnership shall include in a prominent place a legend in substantially the same form as the legend on Schedule D.
The parties hereto agree that any terms contained in a Side Letter to or with a Private Vehicle, Feeder Vehicle or Private Investor shall govern with respect to such Private Vehicle, Feeder Vehicle or Private Investor notwithstanding the provisions of this Agreement.
This shall include (i) reflecting on the books and records of the Partnership a separate Interest held by the Feeder Vehicle with respect to each interest holder therein and (ii) applying the provisions of Article IV as though the interest holder were a direct Limited Partner in the Partnership.
A Feeder Vehicle shall invest substantially all of its assets in the Fund as a Member.