Parallel Funds definition

Parallel Funds. As defined in Section 2.10(a).

Parallel Funds means any limited partnership or other Person having the same investment strategy as the Partnership organized by the General Partner (or at the General Partner’s direction) to meet certain regulatory or tax requirements or the specific organizational requirements of any Person who, but for such requirements, would be a Limited Partner of the Partnership, but only if the acquisition of interests in and organization of such Parallel Fund occurs on or prior to the Final Closing.

Parallel Funds shall have the meaning set forth in Section 7.8(d).

Examples of Parallel Funds in a sentence

• Investors should note that, as a result of the legal, tax, regulatory, compliance, structuring or other considerations mentioned above, the terms of such Parallel Funds may substantially differ from the terms of the Partnership.

• For the avoidance of doubt, (i) any Comparable Fund or any co-investment vehicles, if any, (ii) any vehicles with substantially similar investment objectives and strategies that invest alongside the Partnership but operated as distinct investment structures, and (iii) other entities relating to additional capital in a single investment in a Portfolio Entity, shall not be considered Parallel Funds.

• The Partnership, together with any Feeder Funds, Parallel Funds, and Intermediate Entities, collectively.

• The Partnership and the Parallel Funds will generally also dispose of each such Investment at the same time and on substantially the same terms, pro rata based on the capital invested by each in such investment (including by the Aggregator disposing of such investment), unless the General Partner determines in good faith that a different allocation or terms are reasonably necessary for legal, tax, regulatory, or certain other operational requirements.

• In particular, such differences may cause Parallel Funds to subscribe at a different net asset value per unit in the Aggregator.

More Definitions of Parallel Funds

Parallel Funds shall have the meaning set forth in Section 1.3.

Parallel Funds. Any limited partnerships or other entities which may be formed by the General Partner or one of its Affiliates or any successors thereto or assignees thereof, and which will co-invest with the Partnership as described in Section 6.8(b).

Parallel Funds as defined in clause 2.8; “pari passu” where Investments to be made by the Partnership and Investments to be made by private investors (who are independent from the Investee Companies in which they invest) in Investee Companies share exactly the same upside and downside risks and rewards proportionately and hold the same level of subordination “Participating Member State” any member state which has adopted the euro as its lawful currency at the relevant time;

Parallel Funds has the meaning set forth in the BREP Asia Partnership Agreement.

Parallel Funds has the meaning set forth in the BREP Europe IV Partnership Agreement.

Parallel Funds means any other special purpose entity formed and/or accounts managed for the purpose of investing alongside the Fund. The Investor acknowledges that the Investment Manager and/or its Affiliates manages, and may in the future manage or advise, other funds or accounts that do not constitute Parallel Funds for purposes of this Agreement, notwithstanding that such funds or accounts may pursue segments of the Fund’s or the Parallel Funds’ strategy. MR XXXXXX - SIDE LETTER – [INVESTOR]

Parallel Funds means one or more entities that invest in Fund Assets side-by- side with the Fund, generally on the basis of capital commitments as determined in good faith by the General Partner.