Independent Party definition

Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.
Independent Party means a person that:
Independent Party means a person who:

Examples of Independent Party in a sentence

  • No Independent Director (including the non-interested members of any Independent Party) of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise be an “affiliated person” (as defined in the Act) of any Affiliated Fund.

  • On the right side, Labour lost to the anti-European UK Independent Party.

  • An investment made solely to avoid an approval requirement at the Regulated Fund level should not be viewed as in the best interest of the entity in question and, thus, would not be approved by the Independent Party.

  • As noted above, consistent with its duty to its BDC Downstream Funds, the Independent Party must reach a conclusion on whether or not an investment is in the best interest of its relevant BDC Downstream Funds.

  • In the case of a BDC Downstream Fund with an Independent Party consisting of a transaction committee or advisory committee, the individuals on the committee would possess experience and training comparable to that of the directors of the parent Regulated Fund and sufficient to permit them to make informed decisions on behalf of the applicable BDC Downstream Fund.


More Definitions of Independent Party

Independent Party means an entity that is not part of or related to:
Independent Party means any of the Independent Parties, as defined in section 1.01(f).
Independent Party. ’ means a person that meets the following conditions:
Independent Party means an entity that is not the Board, not the superintendent of public instruction or USOE staff, or an employee or board member of a school district, or the instructional materials creator or publisher, or anyone with a financial interest in the instructional materials, however minimal.
Independent Party for purposes of sub. (1) (g), means a person that meets all of the following:
Independent Party means as to any party: (i) any individual not employed by it or any of its Affiliates, and (ii) any corporation, partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, Governmental Authority or other legal entity of any kind which is not an Affiliate of it.
Independent Party means any of the Independent Parties as stated in section 1.01(w).