Examples of Overflow in a sentence
As part of KL’s quarterly reporting to the Millrose Board of Directors, KL shall report on (i) the number of KL Follow-on Investment Opportunities that were allocated to Xxxxxxx Xxxxx Priority Accounts or Overflow Funds during that quarter and certify that such allocations were done in accordance with the terms hereof and (ii) the number of investment opportunities that were allocated in accordance with, and the number of investment opportunities excluded from, the Rotation Allocation.
If KL is presented a KL Follow-on Investment Opportunity, then KL may direct 100% of such KL Follow-on Investment Opportunity to Xxxxxxx Xxxxx Priority Accounts or Overflow Funds.
With the approval of the Board of Directors of Millrose, an Overflow Fund may be recategorized so that it is part of the Xxxxxxx Xxxxx Priority Account and is eligible for the Rotation Allocation.