Side Pocket definition

Side Pocket means, with respect to any Borrower, the portion of such Borrower’s investment in a hedge fund that has been deemed as illiquid by the manager of such hedge fund and is not available for redemption at the direction of such Borrower in accordance with the liquidity provided for in such hedge fund’s offering memorandum or separate agreement between such hedge fund and such Borrower.

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Side Pocket means a Class of shares in the Fund created under the Articles to which the

Side Pocket means a segregated side pocket into which a Fund may transfer any asset/s within the Fund’s portfolio that may become, or are otherwise designated as, illiquid or comparatively hard to value, against the conversion of corresponding Shares as may, at that time, be in issue in the relevant Fund, into Side Pocket Shares;

Examples of Side Pocket in a sentence

Operators Uniform Item Point Value Long Sleeve Shirt 6 Short Sleeve Shirt 6 Short Sleeve Polo Shirt 7 Stretch Side Pocket Pants 14 Stretch Side Pocket Shorts 14 Winter Parka 32 Fleece Jacket 15 Soft Shell Jacket 23 V-Neck Sweater 8 Sleeveless Sweater 7 Tie 3 Clip on Tie 3 Baseball Cap 3 Winter Toque 2 Tunic * (optional) *Those selecting a tunic will be provided with one every two (2) years.
However, valuations of Side Pocket Investments are more difficult in that there is usually no well-known or documented price available and may be completed by the principal of the Investment Management Company, personally, due to its expertise in this area.
Each Side Pocket Class shall, for internal accounting and Net Asset Value calculation and valuation purposes and for the purposes of determining the rights and entitlements of holders of each class of Units (including such Side Pocket Class) to income and profits of the Partnership between themselves, constitute and be treated as a separate pool of assets of the Partnership and as a separate class of Units.
Valuations of Side Pocket Investments, as defined in Section 13 hereof, are similarly determined for the participating Clients and then added to the main Account to get an Account total for each Client.
Units (other than Side Pocket Units) may be surrendered at any time to the General Partner for redemption.
On each Valuation Date, the General Partner shall cause a separate Net Asset Value to be calculated for each class of Units (including Side Pocket Classes) and a separate Net Asset Value per Unit for each class of Units.
The Net Asset Value per Side Pocket Unit of each Side Pocket Class shall be calculated by determining first the proportion of the Net Asset Value of the Partnership as a whole attributable to such class (on the basis of the rules and principles set out in this Agreement) and by then dividing the Net Asset Value attributable to such class by the number of outstanding Side Pocket Units of such class.
However, such subsequent Limited Partners will acquire interests in any future Side Pocket Classes created after they become investors in the Partnership.
Each investor who is a Limited Partner at the time a Side Pocket Investment is acquired by the Partnership, or at the time an existing investment is designated a Side Pocket Investment by the General Partner, shall be issued Side Pocket Units of the newly created Side Pocket Class pro rata to such Limited Partner’s percentage holding of Units (other than Side Pocket Units) at that time.
All Units of the Partnership, other than Side Pocket Units, are of a single class designated as Class A Units.

More Definitions of Side Pocket

Side Pocket is as defined in “Error! Reference source not found.” as per PPM.

Side Pocket means assets of a relevant Sub-Fund which the General Partner determines to constitute a Side Pocket, being assets that have become illiquid or that have become comparatively hard to value, and which are represented by Side Pocket Shares; and

Side Pocket means any separate portfolio(s) of a Sub-Fund created from time to time to which are allocated interests in Illiquid Investments plus such additional assets representing a reserve for contingencies, commitments and hedging as the AIFM in its discretion may determine. Once Illiquid Investments are so allocated, only the Shareholders at the time of the allocation of the Illiquid Investments will benefit from any subsequent appreciation of the relevant Illiquid Investments. Future investors will not receive a share of the proceeds in the event the relevant Illiquid Investment gets realized.

Side Pocket means a sub-fund of assets within a Sub-Fund created under the