Fund Group definition

Fund Group means the Fund, ECT, EIPLP and Subsidiaries and investees of EIPLP;

Fund Group means a group of Borrowers, Feeder Funds, Blockers and Qualified Borrowers, if applicable, as set forth as a “Fund Group” on Schedule I hereto (as supplemented, modified, amended, or restated from time to time with the consent of the applicable Borrowers and the Administrative Agent, in its sole discretion). Each Borrower, Feeder Fund, Blocker and Qualified Borrower shall only belong to one Fund Group. For the avoidance of doubt, each Loan advanced to any Borrower or Qualified Borrower in a Fund Group is subject to the absence of any Event of Default with respect to such Fund Group or Potential Default with respect to such Fund Group, and the Obligations of each applicable Borrower shall be subject to the cross-security on a joint and several basis of the other members of such Fund Group other than the Qualified Borrowers but shall not be subject to cross-default or cross-collateralization with any other Fund Group. The Obligations of any Qualified Borrower in a Fund Group shall be guaranteed only by the Borrower that designates such Qualified Borrower; provided that the Obligations of the Borrower providing such guaranty shall be cross-secured on a joint and several basis by the other Borrowers in such Fund Group. For the avoidance of doubt, additional “Fund Groups” may be added to this Credit Facility with the consent of the Administrative Agent in its sole discretion so long as (i) the Borrower with respect to such Fund Group that enters into a joinder agreement and becomes a Borrower hereto and to the other Collateral Documents and appoints a Main Fund to act on its behalf as contemplated by Section 12.22 and (ii) the entities reflected therein as Qualified Borrowers, AIV Borrowers, Parallel Borrowers, Feeder Funds or Blockers, as applicable, are added pursuant to Section 6.3, Section 6.4 and Section 6.5 hereof as applicable. As of the Closing Date, there is only one Fund Group.

Fund Group means the Fund, ECT, EIPGP, EIPLP and any other entity in which the Fund, ECT, EIPGP or EIPLP possesses, directly or indirectly, (a) the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities, by contract or otherwise; or (b) an ownership interest of 50% or more in such entity.

Examples of Fund Group in a sentence

• In addition to the payments provided for in Section 3, the Borrowers of a Fund Group shall pay or cause to be paid the unused commitment fees with respect to the applicable Fund Group Facility Sublimit to the Administrative Agent, for the benefit of the Lenders, in amounts and on the dates set forth in the Fee Letter.

• No Credit Party in the applicable Fund Group shall, and shall not cause any of its Subsidiaries to, deposit or otherwise credit, or cause or permit to be so deposited or credited, to the applicable Collateral Accounts cash or cash proceeds other than applicable Capital Contributions.

• For the avoidance of doubt, no Borrower is liable to repay any Obligation of any other Fund Group.

• At all times when a Fund Group Event of Default has occurred and is continuing with respect to any Credit Party’s Fund Group and any Investor of such Fund Group has failed to fund any Capital Contribution to such Fund Group when due or otherwise defaulted on any of its obligations to any Credit Party in such Fund Group, then such Credit Party shall exercise its available remedies as to such Investor only with the written consent of the Administrative Agent, at the direction of the Required Lenders.

• Each Credit Party shall, promptly upon a Responsible Officer of such Credit Party obtaining knowledge thereof, notify the Administrative Agent of any event if such event could reasonably be expected to result in a Material Adverse Effect with respect to such Credit Party’s Fund Group.

More Definitions of Fund Group

Fund Group means a group of Borrowers, their respective Qualified Borrowers, if applicable, as set forth as a “Fund Group” on Schedule I hereto (as supplemented, modified, amended or restated from time to time with the consent of the applicable Borrowers and the Administrative Agent, in its sole discretion). Each Borrower (other than a Qualified Borrower) shall only belong to one Fund Group. For the avoidance of doubt, each Loan advanced to any Borrower or Qualified Borrower in a Fund Group is subject to the absence of any Fund Group Event of Default or Fund Group Potential Default, and the Obligations of each applicable Borrower in a Fund Group shall be subject to the cross security on a joint and several basis of only the other Borrowers of such Fund Group other than the Qualified Borrowers. The Obligations of any Qualified Borrower shall be guaranteed only by the Borrowers of the applicable Fund Group that designate such Qualified Borrower; provided that the Obligations of each Borrower in a Fund Group providing such guaranty shall be cross secured on a joint and several basis by the other Borrowers in such Fund Group. For the avoidance of doubt, additional “Fund Groups” may be added to this Credit Facility so long as the entities reflected therein are added in accordance with this Credit Agreement.

Fund Group has the meaning given such term in the introduction to this Agreement.

Fund Group means in respect of any shareholder that is a Fund:

Fund Group means, collectively, the Fund and its consolidated operations and their respective subsidiaries and affiliates;

Fund Group means LRR-A, LRR-B and LRR-C, collectively.

Fund Group means, collectively, the Fund, the Trust, the Holding GP, the Holding Partnership, Amalco, the ULC, the LLC and their respective Affiliates;

Fund Group means the group of Persons consisting of the General Partner and the Key Persons and their respective Affiliates. For greater certainty, the Fund does not form part of the Fund Group.