Issuance of Beneficial Interest. The issuance by the Master Fund of beneficial interests (“Interests”) in exchange for the Investment by the Feeder Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Directors of the Master Fund. When issued in accordance with the terms of this Agreement, the Interests will be validly issued, fully paid and non-assessable.
Appears in 10 contracts
Samples: Master/Feeder Agreement (Grosvenor Registered Multi-Strategy Fund (W), LLC), Master/Feeder Agreement (Excelsior Private Markets Fund III (Master), LLC), Master/Feeder Agreement (Excelsior Private Markets Fund III (Master), LLC)
Issuance of Beneficial Interest. The issuance by the Master Fund of beneficial interests (“Interests”) an Interest in exchange for the Investment investment by the Feeder Fund of its Assets assets has been duly authorized by all necessary action on the part of the Board of Directors Managers of the Master Fund. When issued in accordance with the terms of this Agreement, the Interests Interest will be validly issued, fully paid and non-assessable.
Appears in 2 contracts
Samples: Master/Feeder Agreement (Ramius IDF LLC), Master/Feeder Agreement (Ramius IDF Master Fund LLC)
Issuance of Beneficial Interest. The issuance by the Master Fund of beneficial interests (“"Interests”") in exchange for the Investment by the Feeder Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Directors of the Master Fund. When issued in accordance with the terms of this Agreement, the Interests will be validly issued, fully paid and non-assessable.
Appears in 2 contracts
Samples: Master/Feeder Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Master/Feeder Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 1), LLC)
Issuance of Beneficial Interest. The issuance by the Master Fund of shares of beneficial interests interest (“Interests”"Shares") in exchange for the Investment by the Feeder Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Directors Trustees of the Master Fund. When issued in accordance with the terms of this Agreement, the Interests Shares will be validly issued, fully paid and non-assessable.
Appears in 2 contracts
Samples: Master/Feeder Agreement (Gottex Multi-Alternatives Master Fund), Master/Feeder Agreement (Gottex Multi-Asset Endowment Master Fund)
Issuance of Beneficial Interest. The issuance by the Master Fund of beneficial interests (“"Interests”") in exchange for the Investment by the Feeder Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Directors Managers of the Master Fund. When issued in accordance with the terms of this Agreement, the Interests will be validly issued, fully paid and non-assessable.
Appears in 1 contract
Samples: Master/Feeder Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Ti 2), LLC)
