Parallel Funds definition

Parallel Funds means any limited partnership or other Person having the same investment strategy as the Partnership organized by the General Partner (or at the General Partner’s direction) to meet certain regulatory or tax requirements or the specific organizational requirements of any Person who, but for such requirements, would be a Limited Partner of the Partnership, but only if the acquisition of interests in and organization of such Parallel Fund occurs on or prior to the Final Closing.

Parallel Funds shall have the meaning set forth in Section 7.8(d).

Parallel Funds shall have the meaning set forth in Section 1.3.

Examples of Parallel Funds in a sentence

• Parallel Funds and Segregated Mandates shall together be referred to as “ Related Mandates”.

• In addition, the AIFM may, at any time, to accommodate legal, tax, regulatory or other similar considerations, require one or more Members to subscribe for shares in, or be admitted as limited partners or other similar investors to, one or more Parallel Funds, and in connection therewith and in consideration for the cancellation of all or a portion of their shares, such Members will receive an equivalent interest in (and may be required to make an equivalent contribution to) such Parallel Funds.

• In the event that the AIFM determines to form one or more Parallel Funds or AIVs, the Directors shall, in accordance with the requirements of the Central Bank, have full authority, without requiring the consent of any person, including any other Member, to amend the Prospectus and/or this Instrument of Incorporation as may be necessary or appropriate in the good faith judgment of the AIFM and the Directors to facilitate the formation and operation of such Parallel Fund or AIV and the investments thereof.

• The Investment Manager and its Affiliates may create and manage or advise vehicles or accounts (other than Feeder Funds, Parallel Funds, AIVs or Co-Investment Vehicles) which have an investment strategy which is substantially similar to the investment strategy of the ICAV and which have been formed for the purposes of investing alongside the ICAV subject to any specific restrictions or limitations set out under such mandate (each a “ Segregated Mandate”).

• Where the AIFM determines in good faith that an AIV is required to deal with legal, tax regulatory or other similar considerations which are specific to and result solely from the Members admitted to the AIV, such Members shall bear the establishment and operating costs of such AIV pro rata to their participation in such vehicle, subject to such adjustment as the AIFM deems fair and equitable between the ICAV in respect of the ICAV, the AIV and any Parallel Funds.

More Definitions of Parallel Funds

Parallel Funds shall have the meaning ascribed to such term in Section 3.08(a) hereof. “Parallel Fund Limited

Parallel Funds shall have the meaning set forth in Section 7.8(d). Partners: The General Partner and the Limited Partners. Partnership: Women’s VC Fund II, L.P., a Delaware limited partnership. Partnership Counsel shall have the meaning set forth in Section 10.22. Partnership Percentage shall have the meaning set forth in Section 4.2(h). Partnership Placement Fees shall have the meaning set forth in Section 5.2(c). Partnership Term shall have the meaning set forth in Section 2.1(a). Pension Laws shall have the meaning set forth in Section 10.24.

Parallel Funds means one or more entities that invest in Fund Assets side-by- side with the Fund, generally on the basis of capital commitments as determined in good faith by the General Partner.

Parallel Funds. Any limited partnerships or other entities which may be formed by the General Partner or one of its Affiliates or any successors thereto or assignees thereof, and which will co-invest with the Partnership as described in Section 6.8(b).

Parallel Funds as defined in clause 2.8; “pari passu” where Investments to be made by the Partnership and Investments to be made by private investors (who are independent from the Investee Companies in which they invest) in Investee Companies share exactly the same upside and downside risks and rewards proportionately and hold the same level of subordination “Participating Member State” any member state which has adopted the euro as its lawful currency at the relevant time;

Parallel Funds has the meaning set forth in the BREP Asia Partnership Agreement.

Parallel Funds. As defined in Section 2.10(a).