Alternative Vehicle definition

Alternative Vehicle means any investment vehicle or structure formed pursuant to paragraph 2.7 of the BREP VII Partnership Agreement or any other “Alternative Vehicle” (as defined in any other BREP VII Agreements).

Alternative Vehicle means any investment vehicle or structure formed pursuant to paragraph 2.7 of the BCOM Partnership Agreement or any other “Alternative Vehicle” (as defined in any other BCOM Agreements).

Alternative Vehicle has the meaning set forth in Section 2.9 (Alternative Vehicles).

Examples of Alternative Vehicle in a sentence

• All references in this Section 2.9 (Alternative Vehicles) to the limited partners of an Alternative Vehicle shall be deemed to include all investors in an Alternative Vehicle formed as a vehicle other than a limited partnership.

• With respect to each investment or proposed investment in which an Alternative Vehicle participates or proposes to participate with the Fund, any expenses or indemnification or other obligations related to such investment or proposed investment shall be borne by, and any Fee Income shall be allocated among, the Fund and such Alternative Vehicle in proportion to the capital committed by or proposed to be committed by each to such investment.

• Each Limited Partner investing in an Alternative Vehicle shall be obligated to make contributions to such Alternative Vehicle in a manner consistent with that provided by Article 6 (Capital Contributions), and each such Limited Partner’s Remaining Commitment shall be reduced by the amount of such contributions to the same extent as if such contributions were made to the Fund as Capital Contributions.

• Any management fee funded by a Limited Partner with respect to an Alternative Vehicle shall reduce such Limited Partner’s share of the Management Fee required to be funded by such Limited Partner, and payable to the Fund Manager by the Fund by a corresponding amount.

• The limited partnership agreement and other organizational documents of any Alternative Vehicle shall be executed on behalf of the Limited Partners investing therein by the General Partner pursuant to the power of attorney granted by each of the Limited Partners pursuant to Section 19.5 (Power of Attorney).

More Definitions of Alternative Vehicle

Alternative Vehicle has the meaning set forth in Section 2.9 (Alternative Vehicles). “Applicable Law” means Title I of ERISA, Code § 4975 or any other comparable U.S. federal, state or local law that is substantially similar to Title I of ERISA or Code § 4975.

Alternative Vehicle means any “Alternative Investment Fund” (as defined in section 4.7(a) of the SP VI Partnership Agreement).

Alternative Vehicle shall have the meaning given to such term in Section 6.10 of this Agreement.

Alternative Vehicle means any “Alternative Vehicle” (as defined in the XXXX Main Fund Partnership Agreement or any other XXXX Agreement).

Alternative Vehicle means an investment structure used for making investments outside of the Partnership on a parallel basis with or in lieu of the Partnership.

Alternative Vehicle has the meaning set forth in Section 2.92.8 (Alternative Vehicles.).

Alternative Vehicle means any investment vehicle or structure formed pursuant to paragraph 2.7.1 of the agreements referred to in clause (i) of the definition of “BSSF Europe Agreement” in this Article I, or any other “Alternative Vehicle” (as defined in any other BSSF Europe Agreement).