Successor Affiliate definition
Examples of Successor Affiliate in a sentence
Neither of the Main Fund GP nor the QLP GP shall form or allow the formation of a Successor Affiliate Fund unless the Successor Affiliate Fund agrees to be bound by this Agreement as an Affiliate Fund by executing and delivering an Assumption Agreement.
NBF shall have the right to exercise such option by delivering written notice to the Main Fund GP and such Successor Affiliate Fund no later than twenty (20) Business Days prior to the commencement of the offering of partnership interests of such Successor Affiliate Fund.
At least twenty (20) Business Days prior to the scheduled commencement of the offering of partnership interests of a Successor Affiliate Fund, the Main Fund GP shall deliver written notice of such commencement date to NBF in order to facilitate the exercise by NBF of the option referred to in Section 4.5.
FUND In the event that NBF purchases any Portfolio Securities pursuant to Section 4.1 in the circumstances described in Section 4.1(b), NBF may (but shall not be obligated to) transfer to such Successor Affiliate Fund up to all of such Portfolio Securities.
In no event shall any Transfer (including any Transfer to a Related Affiliate or a Successor Affiliate) release or relieve Tenant from its obligations to fully observe or perform all of the terms, covenants and conditions of this Lease on its part to be observed or performed (including liability arising during any renewal term of this Lease or with respect to any expansion space included in the Premises).
If NBF exercises such option, the number of Portfolio Securities to be transferred to such Successor Affiliate Fund shall be the maximum number thereof that can be purchased by using all of the Commitments of the Successor Affiliate Fund's Limited Partners, determined as at the date of such Successor Affiliate Fund's final A.F. Closing Date.
The parties acknowledge and agree that nothing contained in this Agreement obligates any of the QLP GP, the Main Fund GP or NBF to form, permit the formation of or finance any Successor Affiliate Fund or obligates NBF to provide loans or financial assistance to any of the Limited Partners of any Successor Affiliate Fund.
No Successor Affiliate Fund shall be formed or financed without the prior approval of the Main Fund GP and NBF.
Upon delivery to the Corporation of a Notice of Transfer to a Successor Affiliate, Successor Holder or Successor Assignee, the Corporation shall promptly update Schedule I (if necessary) and the Warrant Register to reflect such Transfer.