Wafra Entity definition
Examples of Wafra Entity in a sentence
The relevant Wafra Entity may also, at its election, be accompanied by representatives of one or more other Wafra Entities during management or performance meetings.
Any future Digital Colony Fund shall bear all costs and expenses as provided for in the offering documents of such Digital Colony Fund, including all costs related to the establishment of such Digital Colony Fund; provided, that the Wafra Participation Entity shall bear its proportionate share of the organizational and operational expenses any Digital Colony Fund in which it (or another Wafra Entity) invests or participates through a general partner commitment.
This Agreement shall constitute a termination of any confidentiality or similar agreement or arrangement between the Digital Colony Management LA_LAN01:362977.13 Parties or any of their respective Affiliates on the one hand, and any Wafra Entity or its Affiliates on the other hand.
Any future Digital Colony Fund shall bear all costs and expenses as provided for in the offering documents of such Digital Colony Fund, including all costs related to the establishment of such Digital Colony Fund; provided, that the Wafra Management Subscribers shall bear its proportionate share of the organizational and operational expenses any Digital Colony Fund in which it (or another Wafra Entity) invests or participates through a general partner commitment.
For the avoidance of doubt, nothing in this Section 3.1(b) shall be interpreted to require any Party to act in a manner in violation of any applicable Law or in violation of its fiduciary duties, as reasonably determined by such Party on the written advice of counsel (which need not be a formal legal opinion), to the investors in any Digital Colony Fund or to any Wafra Entity, as applicable.
Any future Digital Colony Fund shall bear all costs and expenses as provided for in the offering documents of such Digital Colony Fund, including all costs related to the establishment of such Digital Colony Fund; provided, that the Wafra Participation Buyer shall bear its proportionate share of the organizational and operational expenses any Digital Colony Fund in which it (or another Wafra Entity) invests or participates through a general partner commitment.
Notwithstanding anything to the contrary set forth in this Agreement, any obligation by a Wafra Entity to fund a Sponsor Commitment shall terminate to the extent that the Redemption Right is exercised pursuant to Section 8 (Redemption Right), or otherwise in connection with the CFIUS Redemption Right in accordance with the Investment Agreement.
The funding of any Identified Sponsor Commitments to an applicable Digital Colony Fund shall satisfy and offset the applicable portion of the obligations any Wafra Entity to fund Sponsor Commitments to such Digital Colony Fund pursuant to Section 4(a) of the Carried Interest Participation Agreement.