y reduction pursuant to this paragraph 6.1(cXi) in connection with any cash or non-cash compensation paid to any such parties by a company in which an "Affiliated Party" (as defined below) or a member, employee or Affiliate thereof holds an investment as of the Initial Closing Date shall be limited to the amount dir

such entities, provided, however, the foregoing shall not apply to any cash or non-cash compensation paid to any such parties by a company in which an "Affiliated Party" (as defined in the Agreement) or a member, 17 EFTA00810329 Valar Global Fund Ill LP (a Delaware Limited Partnership) Notes to Financial Statem

reduction pursuant to this paragraph 6.1(c)(i) in connection with any cash or non-cash compensation paid to any such parties by a company in which an "Affiliated Party" (as defined below) or a member, employee or Affiliate thereof holds an investment as of the date hereof shall be limited to the amount directly att