Successor Fund definition

Successor Fund means the fund of which a shareholder of Fund Shares receives Shares as a result of a merger or similar event.

Successor Fund shall become a "Fund" party to the Agreement on behalf of each of its series identified on Schedule I as a "Successor Portfolio" and shall assume all of the rights and obligations under the Agreement of the corresponding Existing Fund with respect to each applicable Existing Portfolio (or, if such Existing Fund has no Existing Portfolios, with respect to the Existing Fund itself), (ii) each such Successor Portfolio shall be deemed a "Portfolio" within the meaning of the Agreement, and (iii) the corresponding Existing Portfolio shall cease be deemed to be a "Portfolio" under the Agreement. As of each applicable Termination Date, each Existing Portfolio indicated on Schedule I hereto as terminating operations shall cease to be deemed a "Portfolio" under the Agreement. As of the date on which an Existing Fund has no further rights or obligations under the Agreement, by virtue of (i) all of the rights and obligations of its Existing Portfolios (or, if such Existing Fund has no Existing Portfolios, the Existing Fund itself) having been assumed by one or more Successor Funds and/or (ii) its Existing Portfolios (or, if such Existing Fund has no Existing Portfolios, the Existing Fund itself) having ceased operations in connection with a fund combination, such Existing Fund shall cease to be a party to the Agreement and shall have no rights or obligations thereunder. Additionally, attached as Exhibit A hereto is a replacement of "Exhibit A" to the Agreement, effective as of the close of business on April 27, 2007. Except to the extent expressly set forth herein, this letter shall not be deemed to otherwise amend or modify any term of the Agreement. Please sign below to evidence your consent and agreement to the above.

Successor Fund has the meaning set forth in Section 9.1 (Successor Fund).

Examples of Successor Fund in a sentence

• Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation Anti-dilution Adjustments The Calculation Agent, in its sole discretion, may adjust the Adjustment Factor as a result of certain events related to a Basket Component or any Successor Fund, as applicable, which occur during the term of this Security.

• Anti-dilution Adjustments Relating to the Fund; Alternate Calculation Anti-dilution Adjustments The Calculation Agent, in its sole discretion, may adjust the Adjustment Factor as a result of certain events related to the Fund or any Successor Fund, as applicable, which occur during the term of this Security.

• If a Successor Fund is selected or the Calculation Agent calculates the Fund Closing Price as a substitute for the Fund, such Successor Fund or Fund Closing Price will be used as a substitute for the Fund for all purposes, including for purposes of determining whether a Market Disruption Event exists.

• The Successor Fund will assume all of the liabilities, expenses, costs, charges and reserves of the Predecessor Fund of any kind, whether absolute, accrued, contingent or otherwise in existence on the Closing Date.

• The JAD Trust agrees on behalf of the Predecessor Fund and the JIF Trust agrees on behalf of the Successor Fund that this Agreement constitutes the entire agreement between the parties.

More Definitions of Successor Fund

Successor Fund means one or more successor funds to the Investor Fund, each of which is Controlled by Warburg Pincus LLC and/or Warburg Pincus & Co. (or a Controlled Affiliate of one of such entities) and is managed by Warburg Pincus LLC or its Affiliates.

Successor Fund means a closed-ended commingled investment vehicle organized by the Adviser or its Affiliates with investment criteria (including a return profile, security focus and leverage terms), objectives and focus substantially similar to those of the Fund. Successor Funds shall not include: (i) existing funds, accounts or portfolios of investments owned, sponsored or managed by the Adviser or its Affiliates, (ii) existing business development companies and Affiliates thereof, (iii) new or existing managed accounts or funds of one (including managed accounts or funds of one that are also BDCs), or (iv) new funds or accounts through which the Adviser or its Affiliates may make investments that are prohibited under Section 4.1(a).

Successor Fund has the meaning set forth in Section 7.13.

Successor Fund means a closed-ended commingled investment vehicle organized by the Adviser or its Affiliates with investment criteria (including a return profile, security focus and leverage terms), objectives and focus substantially similar to those of the Fund. Successor Funds shall not include: (i) existing funds, accounts or portfolios of investments owned, sponsored or managed by the Adviser or its Affiliates, (ii) new or existing business development companies and Affiliates thereof, (iii) new or existing managed accounts or funds of one (including managed accounts or funds of one that are also BDCs), (iv) new or existing funds focused on investing in or issuing collateralized loan obligations and similar securities, or (v) new funds or accounts through which the Adviser or its Affiliates may make investments that are prohibited under Section 4.1(a).

Successor Fund means, with respect to the New Capital Investor, any private equity fund formed for the principal purpose of making equity investments, where such fund is managed by the same principal parties having management responsibility for the New Capital Investor.

Successor Fund means an entity, fund, authority or institution of similar purpose to the Fund and whose constitution or trust deed and rules for the payment of benefits are as nearly as possible similar to those of the Fund, and which is an Eligible Charity.

Successor Fund. As defined in Section 4.6(a).