Parallel Partnership definition

Parallel Partnership has the meaning specified in Section 2.11(c).
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Parallel Partnership. Means any limited partnership or other entity having the same investment strategy as the Partnership organized by the General Partner (or at the General Partner’s direction) to meet certain regulatory requirements or tax or organizational requirements of any person or entity 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 Partnership occurs on or prior to the Final Closing. Partners or Partner. Shall have the meaning set forth in the Preamble. Partnership. Shall mean BPG Investment Partnership IX, L.P. Permitted De Minimis Investments. Shall have the meaning set forth in Section 4.1H. Plan Assets Regulations. Shall have the meaning set forth in Section 2.9A.
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Examples of Parallel Partnership in a sentence

  • Further, the General Partner or an Affiliate thereof may, on behalf of such Parallel Partnership, agree with an investor (or a group of investors) therein to additional investment restrictions in respect of such Parallel Partnership including restrictions intended to comply with such investor’s interpretation of legal requirements, tax liability, religious principles or investment policies applicable to such investor(s).

  • Notwithstanding the foregoing, the terms of any such Parallel Partnership may differ from those of the Partnership including with respect to Management Fee and Incentive Allocation terms, expenses, subscription, withdrawal and redemption rights, access to portfolio information, content and frequency of reports and co-investment rights.

  • Each Parallel Partnership shall be established for principally the same purpose as provided in Section 2.09.

  • The General Partner or an Affiliate thereof shall serve as general partner of each Parallel Partnership.

  • The undersigned (the “Investor”) subscribes for and agrees to purchase limited partnership interests (“Interests”) in CIM Opportunity Zone Fund, L.P., a Parallel Partnership, a Feeder Fund or other Intermediate Entity (such entity in which the Investor subscribes for an Interest, or is subsequently moved to pursuant to the Partnership Agreement, the “Partnership”) with a Capital Commitment (as defined in the Partnership Agreement referred to below) in the amount set forth on the signature page below.

  • To the fullest extent permitted by law, no Person acting as, and no member of, a Review Agent, nor any Limited Partner or Related Fund Investor appointing any such member, shall be liable to any other Limited Partner, Related Fund Investor or the Partnership, any Feeder Fund, and/or any Parallel Partnership for any reason, including for any mistake in judgment, any action or inaction taken or omitted to be taken, or for any loss due to any mistake, action or inaction.

  • In addition to any other remedies the persons and entities indemnified hereunder may have, any amount payable by the Investor hereby may be offset against amounts payable by the Partnership and/or any Alternative Vehicle, Parallel Partnership or any Intermediate Entity in which the Investor participates to the Investor.

  • The Investor agrees that the General Partner has the sole discretion to determine whether the Investor’s investment is made in the Partnership, an Alternative Vehicle, a Parallel Partnership, a Feeder Fund or other Intermediate Entity.

  • The Partnership’s, any Parallel Partnership’s or any Alternative Vehicle’s interest in any Intermediate Entity may fluctuate from time to time to reflect contributions and redemptions with respect to any Feeder Fund, the Partnership and/or any such Parallel Partnership.

  • No Limited Partner or Related Fund Investor who is acting as a Review Agent, or acting as a member of a Review Agent, shall be deemed to be an Affiliate of the Partnership, any Feeder Fund, any Parallel Partnership or the General Partner solely by reason of such membership.