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(Le., an amount sufficient to enable the Partnership to distribute to such Limited Partner an amount equal to three hundred percent (300%) of such Limited Partner's Capital Commitment). 13. 147765658 v44 EFTA00808297 For all purposes under this Agreement, the "Second Allocation Hurdle" shall be determined as of the time that
cial needs of investors who otherwise would invest as Limited Partners of the Partnership (together with any Affiliates Fund, the "Parallel Funds"). Each Parallel Fund (other than an Affiliates Fund) shall be governed by a limited partnership agreement (or other similar constitutive document) whose terms are subst
oportion to their relative Capital Commitments. iii. Third, after the aggregate amount distributed to each Limited Partner is equal to 300% of such Limited Partner's Capital Commitment as of the date of such distribution, 100% to the General Partner until it has received aggregate distributions totaling 25% of (x) the aggregate di
invest as Limited Partners of the Fund on substantially similar terms, including economic terms, as the Fund (collectively, the "Parallel Funds"). Each Parallel Fund will simultaneously invest in the same securities on the same terms and at the same price as the Fund, except in cases in which the portfolio compa
at the time of determination, with respect to any Limited Partner, an amount (expressed as a percentage) equal to A divided by B, where "A" is such Limited Partner's Capital Commitment to the Partnership and where "B" is the aggregate amount of the Capital Commitments of all Limited Partners to the Partnership, in each case as det
excess of $500,000, and (ii) those expenses further described in the last sentence of the definition of "Partnership Expenses" in Article II hereof. Each Parallel Fund shall pay, or shall reimburse the Partnership, the General Partner, the Advisor or any Affiliate of them for their payment of, its pro rata share (
Entities connected to both Limited Partner's Capital Commitment and Each Parallel Fund
the Securities and Exchange Commission
ORGANIZATION
United States
LOCATIONthe Parallel Funds
ORGANIZATION
Samantha Power
PERSON
Prince Andrew
PERSONVALAR
ORGANIZATION
Peter Thiel
PERSONNo Limited
ORGANIZATIONThiel Capital LLC
ORGANIZATIONVV Global LP
ORGANIZATIONGeneral Partner's
ORGANIZATION
Wilmington
LOCATIONthe Partnership of a
ORGANIZATIONAndrew McCormack
PERSONthe U.S. Department of Labor
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONthe Advisory Committee's
ORGANIZATION
Eric Holder
PERSONValar Global Principals Fund III LP
ORGANIZATIONthe Applicable Tax Rate
ORGANIZATION