Parallel Funds definition

Parallel Funds. As defined in Section 2.10(a).
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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.
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Parallel Funds shall have the meaning set forth in Section 7.8(d).
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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 or as otherwise described in the Memorandum, the terms of such Parallel Funds may substantially differ from the terms of the Partnership.

  • The Partnership and the Parallel Funds will generally also dispose of each such Portfolio 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 a Lower Entity 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.

  • Redemption requests from Unitholders of any Parallel Fund will be pooled together with the redemption requests of the Partnership and the Feeder in applying the redemption limitations above and Unitholders of such Parallel Funds will be subject to the same pro rata redemption treatment, if applicable.

  • The Manager, in its sole discretion, will determine the portion of Initial Partnership Expenses Support that is attributable to the Partnership or any Portfolio Company, Feeder Funds, Parallel Funds and/or Intermediate Entity.

  • Each of the Partnership, Feeder Funds and Parallel Funds will be obligated to pay (without duplication) its proportional share of the Performance Participation Allocation based on its proportional interest in the Lower Entities.


More Definitions of Parallel Funds

Parallel Funds shall have the meaning set forth in Section 1.3.
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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.
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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 ▇▇▇▇▇▇ - SIDE LETTER – [INVESTOR]
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Parallel Funds shall have the meaning ascribed to such term in Section 3.08(a) hereof. “Parallel Fund Limited
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Parallel Funds. As defined in the Main Fund Agreement.
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Parallel Funds. As defined in Section 2.10(a). Partner Nonrecourse Debt Minimum Gain: An amount with respect to each partner nonrecourse debt (as defined in Treasury Regulations Section 1.704-2(b)(4)) equal to the Partnership Minimum Gain that would result if such partner nonrecourse debt were treated as a nonrecourse liability (as defined in Treasury Regulations Section 1.752-1(a)(2)) determined in accordance with Treasury Regulations Section 1.704-2(i)(3). Partner Nonrecourse Deductions: As defined in Treasury Regulations Section 1.704- 2(i)(2).
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Parallel Funds has the meaning set forth in the BREP Asia Partnership Agreement.
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