Bridge Investments. The Fund may provide interim financing to, or make investments that are intended to be of a temporary nature in Securities of, any Portfolio Company or any subsidiary thereof in connection with or subsequent to a Portfolio Investment by the Fund in such Portfolio Company (each a “Bridge Investment”), subject to Section 7.1.4.2. If a Bridge Investment is not repaid, refinanced or otherwise disposed of prior to [twelve (12)] months from the date that such Bridge Investment was acquired, such Bridge Investment shall cease to be treated as a Bridge Investment on the lapse of such [twelve (12)] month period and shall be treated as a Portfolio Investment that is not a Bridge Investment beginning on the date of acquisition of such Bridge Investment. MANAGEMENT
Appears in 5 contracts
Samples: Ilpa Model, Ilpa Model, Ilpa Model
Bridge Investments. The Fund may provide interim financing to, or make investments that are intended to be of a temporary nature in Securities of, any Portfolio Company or any subsidiary thereof in connection with or subsequent to a Portfolio Investment by the Fund in such Portfolio Company (each a “Bridge Investment”), subject to Section 7.1.4.2. If a Bridge Investment is not repaid, refinanced or otherwise disposed of prior to [twelve (12)] months from the date that such Bridge Investment was acquired, such Bridge Investment shall cease to be treated as a Bridge Investment on the lapse of such [twelve (12)] month period and shall be treated as a Portfolio Investment that is not a Bridge Investment beginning on the date of acquisition of such Bridge Investment. MANAGEMENTInvestment.
Appears in 2 contracts
Samples: ilpa.org, www.hirschlerlaw.com
Bridge Investments. The Fund may provide interim financing to, or make investments that are intended to be of a temporary nature in Securities of, any Portfolio Company or any subsidiary thereof in connection with or subsequent to a Portfolio Investment by the Fund in such Portfolio Company (each a “Bridge Investment”), subject to Section 7.1.4.2. If a Bridge Investment is not repaid, refinanced or otherwise disposed of prior to [twelve (12)] months from the date that such Bridge Investment was acquired, such Bridge Investment shall cease to be treated as a Bridge Investment on the lapse of such [twelve (12)] month period and shall be treated as a Portfolio Investment that is not a Bridge Investment beginning on the date of acquisition of such Bridge Investment. MANAGEMENT.
Appears in 1 contract
Samples: ilpa.org