Examples of private vehicle in a sentence
Notwithstanding any provision in this Agreement (including Section 11.1), the parties hereto acknowledge that, subject to Section 11.2, the General Partner (on its own behalf or on behalf of the Partnership) and its Affiliates may enter into Side Letters with any Private Vehicle, Feeder Vehicle or Private Investor without the approval of any Limited Partner (other than UST) or any other Person which have the effect of establishing rights under, or altering or supplementing the terms of, this Agreement.
The General Partner shall promptly provide copies of any proposed amendment or supplement to the Private Vehicle Governing Documents or any Side Letter to UST as well as the execution version, if applicable, of such amendment or supplement.
The General Partner will notify UST of any proposed amendment or supplement to the Private Vehicle Documents or any Side Letter at least ten (10) Business Days prior to such amendment or supplement becoming effective, which notice will be accompanied by an officer’s certificate stating whether such amendment adversely affects UST, the Partnership or the Partnership’s investment activities.
Any Offering Materials used to market a direct or indirect interest in a Private Vehicle, a Feeder Vehicle or the Partnership shall include in a prominent place a legend in substantially the same form as the legend on Schedule D.
In the event any Private Vehicle is registered under the 1940 Act, the Partnership shall not make an election pursuant to Section 1278(b) of the Code.