Common use of Substitution of Interests Clause in Contracts

Substitution of Interests. The Feeder Fund shall refrain from substituting Interests in the Master Fund held by the Feeder Fund unless the SEC has approved such substitution in accordance with Section 26 of the 1940 Act.

Appears in 13 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)

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Substitution of Interests. The Feeder Fund shall refrain from substituting Interests in Shares of the Master Fund held by the Feeder Fund unless the SEC has approved such substitution in accordance with Section 26 of the 1940 Act.

Appears in 2 contracts

Samples: Master/Feeder Agreement (Gottex Multi-Asset Endowment Master Fund), Master/Feeder Agreement (Gottex Multi-Alternatives Master Fund)

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