rect private e0L4y asset: through benpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

General Partner and the Manager, rentals payable for space used by General Partner and Manager, utilities, office supplies and equipment expenses. Co-Investment The Manager and the Fund may offer the right to participate in investment opportunities of the Fund to other private purchasers, groups, partnershi

ress certain of their investment considerations. The organizational and formation expenses associated with Feeder Funds will be borne by the Fund. Co-Investment The General Partner may, but will be under no obligation to, provide co- investment opportunities to one or more Limited Partners and/or third STRI

ch Investment limitation is being applied on a Partner-by-Partner basis), and/or (2) treat such excused or excluded amount, as the case may be, as a Co-Investment Opportunity and offer such Co-Investment Opportunity to other persons (which may include the Partners) in accordance with the terms of Section 5.3(

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

Agent or its affiliates may from time to time hold Securities for investment, trading or other purposes. Allocation of Investment Opportunities and Co-Investment with Affiliates of the Portfolio Advisor The Portfolio Advisor intends to continue to, and affiliates of the Portfolio Advisor (including Deutsche B

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

rect orleateeburty asset: through barpuke lic Lacey solutions (are any follow-on ins• nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably ,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires. -SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportu

ct private equity assets through bespoke liquidity solutions (and any follow-on investments in any such investment interest, but not including any Co-Investment) as reasonably determined by the Manager as the context requires. "SOF" means DB Secondary Opportunities Fund A, L.P., DB Secondary Opportunities

ct private equity assets through bespoke liquidity solutions (and any follow-on investments in any such investment interest, but not including any Co-Investment) as reasonably determined by the Manager as the context requires. "SOF" means DB Secondary Opportunities Fund A, L.P., DB Secondary Opportunities

ct private equity assets through bespoke liquidity solutions (and any follow-on investments in any such investment interest, but not including any Co-Investment) as reasonably determined by the Manager as the context requires. "SOF" means DB Secondary Opportunities Fund A, L.P., DB Secondary Opportunities

ct private equity assets through bespoke liquidity solutions (and any follow-on investments in any such investment interest, but not including any Co-Investment) as reasonably determined by the Manager as the context requires. "SOF" means DB Secondary Opportunities Fund A, L.P., DB Secondary Opportunities

artner or any of its Affiliates may establish one or more Related Investment Funds as provided in this Section 4.5. (b) Co-Investment Funds. (i) Co-Investment by Limited Partners and Third Party Co-Investors. At any time, the General Partner may in its sole discretion provide one or more Limited Partners

tion 6.10(a) constitute Disabling Conduct (b) Notwithstanding the provisions of Section 6.10(a), prior to the Fund making any Direct Secondary or Co-Investment in a jurisdiction outside the United States of America, the General Partner shall use commercially reasonable efforts to obtain professional advice

in structuring or disposing of any Portfolio Investment. (e) Investments in PFICs. If the General Partner determines that any Direct Secondary or Co-Investment is treated as a passive foreign investment company (a "PFIC"), the General Partner shall notify the Limited Partners of such determination and, upo

ntinues to be held by the Fund, whether directly or indirectly, but excluding any intermediate vehicle in which a Fund Secondary, Direct Secondary, Co-Investment or Temporary Investment is made, whether directly or indirectly, as reasonably determined by the Manager as the context requires. "Portfolio Inves

Southern Financial LLC process as of the termination of the Investment Period and (iii) fund Follow-On Investments with respect to any existing (a) Co-Investment in an aggregate amount not to exceed 20% of aggregate Commitments or (b) Direct Secondary. For the avoidance of doubt, any new Portfolio Investment