Specified Fund definition
Examples of Specified Fund in a sentence
Each Investment shall be reasonably expected by the Loan Parties to be suitable for purchase by New Fund (the determination of which will include a determination that the Investment is consistent with past investments by any Specified Fund).
If the Specified Fund and/or its affiliates together hold less than 40% of the original principal amount of the Debentures issued on the Closing Date, the Designated Director shall promptly upon request of the Company submit his or her resignation to the Board.
Each Investment shall be reasonably expected by the Loan Parties to be suitable for purchase by New Fund (the determination of which will include a determination that the Investment would have been suitable for purchase by any Specified Fund and is consistent with past investments by the Specified Funds).
In the event that the stockholders do not elect a Designated Director at a meeting of stockholders at which such Designated Director is nominated for election, then the Specified Fund shall have the right to designate a new Designated Director as provided in the third sentence of this Section 3(g).
No representation is made as to any person other than a Specified Fund Shareholder, including any direct or indirect partner of a Specified Fund Shareholder.