Portfolio Partnership definition
Examples of Portfolio Partnership in a sentence
Each Other Account will also hold its final closing (or otherwise close to new investments) on or prior to January 2, 2009 and will participate in investments eligible for purchase by the Company or the Portfolio Partnership and such Other Account in accordance with the allocation policy of the Investment Manager.
The Company will submit to a vote by its Members any matter submitted by the Portfolio Partnership to a vote of its partners and will vote all of its interests in the Portfolio Partnership on any such matter in the same proportions as the votes cast by the Members.
The General Partner of the Portfolio Partnership may, but will not be obligated to, receive a carried interest and the Investment Manager may, but will not be obligated to, receive a management fee in respect of any such co-investment opportunities.
Notwithstanding the foregoing, the Portfolio Partnership shall automatically be merged into the Company and terminate its existence at such times as, pursuant to receipt of no-action or other appropriate relief from the Securities and Exchange Commission or its staff, the board of directors is able to authorize issuance of the Series S Preferred Shares to the general partner of the Portfolio Partnership.
Victoria University operates a Portfolio Partnership Program (PPP) as an alternative access point to the University.
Each Member, upon becoming a Member, consents to such merger, including the exchange by each holder of preferred limited partner interests of the Portfolio Partnership for an equivalent amount of Preferred Shares having substantially similar terms and the exchange of the general partner interest of the general partner of the Portfolio Partnership for the share or shares of Series S Preferred Shares, to the extent any consent of Members would be required therefor.
The Management Fee payable pursuant to this Section 6(a) shall be reduced by the amount of management fees paid to the Investment Manager by the Portfolio Partnership pursuant to Section 6(a) of the Investment Management Agreement dated as of July 1, 2006 between the Portfolio Partnership and the Investment Manager.
Seller remains obligated to make Additional Capital Contributions (as defined in the Partnership Agreement) to the Portfolio Partnership of $753,462.69.
This Agreement may be amended or supplemented only by additional written agreements, articles, or certificates signed by each of the Purchasers, Seller, Portfolio Partnership and General Partner as may be determined to be necessary, appropriate, or desirable to further the purposes of this Agreement, to clarify the intention of the parties, or to add to or modify the covenants, terms, or conditions hereof.
On the Closing Date, each initial Common Member shall be deemed to have contributed to the Company the portion of the Company's Net Asset Value on the Closing Date attributable to the interest of such Common Member in Special Value Bond Fund II, LLC and/or Special Value Absolute Return Fund, LLC that it contributed to the Portfolio Partnership.