Side Pocket definition

Side Pocket means, with respect to any Borrower, the portion of such Borrower’s investment in a hedge fund that has been deemed as illiquid by the manager of such hedge fund and is not available for redemption at the direction of such Borrower in accordance with the liquidity provided for in such hedge fund’s offering memorandum or separate agreement between such hedge fund and such Borrower.
Sample 1Sample 2Sample 3
Side Pocket means a Class of shares in the Fund created under the Articles to which the
Sample 1Sample 2Sample 3
Side Pocket means a segregated side pocket into which a Fund may transfer any asset/s within the Fund’s portfolio that may become, or are otherwise designated as, illiquid or comparatively hard to value, against the conversion of corresponding Shares as may, at that time, be in issue in the relevant Fund, into Side Pocket Shares;
Sample 1

Examples of Side Pocket in a sentence

  • Shaw Composite Side Pocket Series I, L.L.C. is hereby appointed to serve as the initial Shareholder Representative with respect to the matters expressly set forth in this Article X and by its signature below it hereby acknowledges such appointment and agrees to serve in such capacity on the terms and subject to the conditions set forth herein.

  • The Side Pocket Policy prohibits the Funds from investing in underlying Hedge Funds that do not either (i) provide transparent reporting with respect to side pocket investments, or (ii) permit investors to opt out of participation in a side pocket investment.

  • In addition, as discussed, the Side Pocket Policy limits the percentage of Fund assets that may be placed in side pocket investments on an aggregate basis to a very small percentage of such Fund's assets, with "trigger" percentages that result in additional scrutiny and limits being applied if side pocket participation even approaches the trigger percentage limitations.

  • As of the date hereof, D.E. Shaw Composite Side Pocket Series I, L.L.C. is the legal and beneficial owner of (A) 100% of the issued and outstanding shares of the Company Preferred Stock and (B) 77.5% of the issued and outstanding shares of the Company Common Stock, and Mxxxxxx X.

  • If to the Stockholder Representative: D.E. Shaw Composite Side Pocket Series I, L.L.C. 100 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Facsimile: (000) 000-0000 Attn: General Counsel Copy to (such copy not to constitute notice): Wxxxxxx Xxxx & Gxxxxxxxx LLP 700 Xxxxxxx Xxxxxx Xxx Xxxx, XX 00000 Facsimile: (000) 000-0000 Attn: Sxxxxx X.

  • The General Partner may, in its sole discretion, create additional classes of Interests in the Partnership on such terms and conditions as it determines, including with respect to Side Pocket Investments.

  • The Side Pocket Investments will generally be valued at the lower of cost or market less fees, expenses, and contingencies associated with each such Side Pocket Investment, unless the value of such Investment can be determined (other than at the lower of cost and market) in which case, in the discretion of the General Partner, such Side Pocket Investment may be valued using a method other than the lower of cost or market.

  • The Side Pocket Policy was adopted as a supplement to and part of the Funds' fair value procedures which, as described in the prospectus, are designed to ensure that Hedge Fund investments are valued by the Funds at fair value and that the Funds' respective net asset values represent fair value.

  • Notwithstanding any other terms of this Agreement, capital attributable to side pockets may not be withdrawn and a Limited Partner who wishes to withdraw all of its capital in the Partnership shall be required to continue to hold an Interest associated with Side Pocket Investments until the applicable side pocket is sold or otherwise liquidated, unless otherwise determined by the General Partner.

  • July 28, 2006 Page 3 RESPONSE: As an initial matter, the Funds' Boards have considered and approved policies regarding both investment by the Funds in Hedge Funds that use side pocket investments and Fund participation in any such side pocket investments (the "Side Pocket Policy").


More Definitions of Side Pocket

Side Pocket means any separate portfolio(s) of a Sub-Fund created from time to time to which are allocated interests in Illiquid Investments plus such additional assets representing a reserve for contingencies, commitments and hedging as the AIFM in its discretion may determine. Once Illiquid Investments are so allocated, only the Shareholders at the time of the allocation of the Illiquid Investments will benefit from any subsequent appreciation of the relevant Illiquid Investments. Future investors will not receive a share of the proceeds in the event the relevant Illiquid Investment gets realized.
Sample 1
Side Pocket means assets of a relevant Sub-Fund which the General Partner determines to constitute a Side Pocket, being assets that have become illiquid or that have become comparatively hard to value, and which are represented by Side Pocket Shares; and
Sample 1

Related to Side Pocket

  • Trunk Side means the Central Office Switch connection that is capable of, and has been programmed to treat the circuit as connecting to another switching entity (for example another Central Office Switch). Trunk-Side connections offer those transmission and signaling features appropriate for the connection of switching entities and cannot be used for the direct connection of ordinary telephone station sets.

  • IntraLATA Toll Traffic means the IntraLATA traffic, regardless of the transport protocol method, between two locations within one LATA where one of the locations lies outside of the mandatory local calling area as defined by the Commission.

  • Pupil fee means a fee, deposit or other charge imposed on pupils, or a pupil’s parents or guardians, in violation of Section 49011 of the Education Code and Section 5 of Article IX of the California Constitution, which require educational activities to be provided free of charge to all pupils without regard to their families’ ability or willingness to pay fees or request special waivers, as provided for in Hartzell v. Connell (1984) 35 Cal.3d 899. A pupil fee includes, but is not limited to, all of the following:

  • Secondary containment or “secondarily contained” means a release prevention and release detection system for a tank or piping. This system has an inner and outer barrier with an interstitial space monitored for leaks. This term includes containment sumps when used for interstitial monitoring of piping.

  • Sewage sludge fee weight means the weight of sewage sludge, in dry U.S. tons, excluding admixtures such as liming materials or bulking agents. Annual sewage sludge fees, as per section 3745.11(Y) of the Ohio Revised Code, are based on the reported sludge fee weight for the most recent calendar year.