Examples of Feeder Vehicle in a sentence
Notwithstanding any provision in this Agreement (including Section 11.1), the parties hereto acknowledge that, subject to Section 11.2, the General Partner (on its own behalf or on behalf of the Partnership) and its Affiliates may enter into Side Letters with any Private Vehicle, Feeder Vehicle or Private Investor without the approval of any Limited Partner (other than UST) or any other Person which have the effect of establishing rights under, or altering or supplementing the terms of, this Agreement.
The parties hereto agree that any terms contained in a Side Letter to or with a Private Vehicle, Feeder Vehicle or Private Investor shall govern with respect to such Private Vehicle, Feeder Vehicle or Private Investor notwithstanding the provisions of this Agreement.
Any Offering Materials used to market a direct or indirect interest in a Private Vehicle, a Feeder Vehicle or the Partnership shall include in a prominent place a legend in substantially the same form as the legend on Schedule D.
In the event that an investor of any Feeder Vehicle is excluded from any capital contribution to such Feeder Vehicle, the AIFM may allow such Feeder Vehicle to be treated as an Excluded Shareholder with respect to that portion of its Capital Contribution corresponding to the amount by which such Feeder Vehicle’s investor was excluded.
In the event that an investor of any Feeder Vehicle is in default of its obligations to such Feeder Vehicle, the Board or the AIFM may allow such Feeder Vehicle to be treated as a Defaulting Shareholder with respect to that portion of its Capital Contribution corresponding to the amount by which such Feeder Vehicle investor has defaulted.
The provisions of Section 2.12 shall apply to each Feeder Vehicle, with respect to each of its Feeder Partners, as if such Feeder Partner held an interest directly in the Fund rather than through such Feeder Vehicle.
To the maximum extent permitted by law, each Feeder Partner shall be afforded the same rights and obligations with respect the Fund as such Feeder Partner would have had if its interest in the Fund were held as a Limited Partner of the Fund rather than as an Feeder Partner in the Feeder Vehicle, and the provisions of this Agreement shall be interpreted and enforced in a manner to give effect thereto.
As used herein, the term “ Fund Expenses” means all expenses or obligations of the ICAV and each Sub-Fund or, except as otherwise provided herein, any Feeder Vehicle, including expenses incurred by the Board, the AIFM or the Portfolio Manager on behalf of the ICAV or any Feeder Vehicle, or otherwise incurred by the Board, the AIFM or the Portfolio Manager in connection with this Instrument or the governing documents of any Feeder Vehicle (other than expenses of the AIFM pursuant to Section 5.08).
For purposes of this Agreement, a Feeder Vehicle may execute multiple written consents each for a portion of its interest in the Fund in the manner contemplated by this Section 7.3.3.
The General Partner is authorized to take all actions deemed by it to be necessary or appropriate to form and operate any Feeder Vehicle and issue interests therein.