Parallel Funds definition

Parallel Funds. As defined in Section 2.10(a).
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Parallel Funds means any limited partnership or other Person having the same investment strategy as the Partnership organized by the General Partner (or at the General Partner’s direction) to meet certain regulatory or tax requirements or the specific organizational requirements of any Person who, but for such requirements, would be a Limited Partner of the Partnership, but only if the acquisition of interests in and organization of such Parallel Fund occurs on or prior to the Final Closing.
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Parallel Funds shall have the meaning set forth in Section 7.8(d).
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Examples of Parallel Funds in a sentence

  • For the avoidance of doubt, the Feeder Funds that are investors in the Fund participate in this Redemption Program as if it were a direct holder of Units of the Fund, and investors in Parallel Funds will participate in this Redemption Program on the same terms as Unitholders in the Fund.

  • Units may be sold to the Feeder Funds or Parallel Funds primarily created to hold the Fund’s Units that in turn offer interests in such Feeder Funds or Parallel Funds to certain U.S. tax-exempt persons or non-U.S. persons.

  • The Redemption Limitation, Redemption Price and Early Redemption Deduction are calculated based on the Fund’s NAV (excluding the NAV of Class C Units acquired by CVC Entities as payment of the Management Fee and/or Incentive Allocation, but including the NAV attributable to the Feeder Funds and any Parallel Funds).

  • One or more Parallel Funds may invest in any Intermediate Entity or Aggregator alongside the Fund.

  • Investors should note that, as a result of the legal, tax, accounting, national security, regulatory, compliance, structuring or other considerations mentioned above or as otherwise described in the Memorandum, the terms of such Parallel Funds may substantially differ from the terms of the Fund.


More Definitions of Parallel Funds

Parallel Funds shall have the meaning set forth in Section 1.3.
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Parallel Funds. Any limited partnerships or other entities which may be formed by the General Partner or one of its Affiliates or any successors thereto or assignees thereof, and which will co-invest with the Partnership as described in Section 6.8(b).
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Parallel Funds shall have the meaning set forth in Section 7.8(d). Partners: The General Partner and the Limited Partners. Partnership: Women’s VC Fund II, L.P., a Delaware limited partnership. Partnership Counsel shall have the meaning set forth in Section 10.22. Partnership Percentage shall have the meaning set forth in Section 4.2(h). Partnership Placement Fees shall have the meaning set forth in Section 5.2(c). Partnership Term shall have the meaning set forth in Section 2.1(a).
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Parallel Funds. As defined in the Main Fund Agreement.
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Parallel Funds has the meaning set forth in the BREP Asia Partnership Agreement.
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Parallel Funds means one or more entities that invest in Fund Assets side-by- side with the Fund, generally on the basis of capital commitments as determined in good faith by the General Partner.
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Parallel Funds shall have the meaning ascribed to such term in Section 3.08(a) hereof. “Parallel Fund Limited
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