Cayman Westfield Fund Sample Clauses

Cayman Westfield Fund. As soon as reasonably practicable after the date hereof, Westfield LLC shall, with respect to Westfield Life Sciences Fund (Caymans), Inc., (A) request from such Westfield Fund’s board of directors the affirmative written consent to the “assignment” of the investment advisory agreement between Westfield LLC and such Westfield Fund, and (B) send a written notice to the investors in such Westfield Fund informing such investors of the transactions contemplated by this Agreement and offering such investors a liquidity right as of June 30, 2008 with respect to their investments in such Westfield Fund irrespective of any applicable lock-up period; provided, however, that to the extent written consent to the “assignment” referred to in this clause (ii) is not obtained within thirty (30) days after delivery of the notice with respect thereto, Westfield LLC shall send a second notice again informing such Westfield Fund’s board of directors of the transactions contemplated by this Agreement and again requesting the affirmative written consent to such “assignment” of their respective advisory agreements but stating that such consent shall be deemed to have been given within a reasonable period of time after the date of such second notice (subject to the board of director’s right to terminate the advisory agreement in accordance with its terms) unless such Westfield Fund’s board of directors affirmatively objects in a written instrument delivered prior to the Closing.
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