Independent Party definition

Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

Independent Party means a person that:

Independent Party means a person who:

Examples of Independent Party in a sentence

• As noted above, consistent with its duty to its BDC Downstream Funds, the Independent Party must reach a conclusion on whether or not an investment is in the best interest of its relevant BDC Downstream Funds.

• An investment made solely to avoid an approval requirement at the Regulated Fund level should not be viewed as in the best interest of the entity in question and, thus, would not be approved by the Independent Party.

• In the case of a BDC Downstream Fund with an Independent Party consisting of a transaction committee or advisory committee, the individuals on the committee would possess experience and training comparable to that of the directors of the parent Regulated Fund and sufficient to permit them to make informed decisions on behalf of the applicable BDC Downstream Fund.

• No Independent Director (including the non-interested members of any Independent Party) of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise be an “affiliated person” (as defined in the Act) of any Affiliated Fund.

• Applicants note that an entity could not be both a Wholly-Owned Investment Sub and a BDC Downstream Fund because, in the former case, the Board of the parent Regulated Fund makes any determinations regarding the subsidiary’s investments while, in the latter case, the Independent Party makes such determinations.

More Definitions of Independent Party

Independent Party means an entity that is not part of or related to:

Independent Party. ’ means a person that meets the following conditions:

Independent Party means any of the Independent Parties, as defined in section 1.01(b).

Independent Party means an entity that is not the Board, not the superintendent of public instruction or USOE staff, or an employee or board member of a school district, or the instructional materials creator or publisher, or anyone with a financial interest in the instructional materials, however minimal.

Independent Party for purposes of sub. (1) (g), means a person that meets all of the following:

Independent Party means a hearing examiner desig- nated by the division who has no direct relationship or prior involvement in the case.

Independent Party means a person having a basic understanding of the purpose of the reporting entity and the nature of its business, with sufficient knowledge of bookkeeping or accounting to understand the financial transactions of the entity. The independent party cannot be a person or an immediate family member of a person who has management authority over the reporting entity or is a signor of the entity's checks. Examples of individuals who fit the definition of an independent party include, but are not limited to clerks of other special districts, hired bookkeepers or accountants who do no other work for the district, and board members who do not have access or signing authority to the district’s bank accounts.