Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document describes the process for initial and subsequent closings of the Access Fund, detailing the financial obligations of investors joining after the initial closing. It outlines the calculation of capital contributions, interest payments, and the consequences of defaulting on these obligations.
Metadata
- Subject
- Initial and Subsequent Closings
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0098799, SDNY_GM_00244983
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| General Partner | business | Access Fund | The General Partner provides notice of the anticipated date of the Initial Closing of the Access Fund. |
| Glendower GP | business | Access Fund | The Glendower GP is not required to accept any additional commitment from the Access Fund. |
| Investment Manager | business | Access Fund | Amounts paid as interest are paid to the Investment Manager and not to the Access Fund. |
Notable Quotes 1
Failure to pay subsequent interest as calculated in (iv) above will be considered a default under the Partnership Agreement.
Financial Information
Amounts:LIBOR plus 2%8%
Transactions:
- Capital contribution at admission equal to (i) the amount of the contribution required by the Underlying Fund from the Access Fund attributable to such Investor's new or increased Subscription (which may include an interest component at a rate per annum equal to the higher of (A) LIBOR plus 2% and (B) 8% for the period or such other amount as set forth in the Underlying Fund LPA), if any, if the Access Fund makes a corresponding increase in its commitment to the Underlying Fund, (ii) its proportionate share of all funded expenses of the Access Fund (excluding the Management Fee) and, to the extent not duplicative of (i) above, its proportionate sham of all funded Subscriptions of Investors admitted in prior closings, including if applicable, in connection with Subscriptions (or portions thereof) that are not correspondingly invested in the Underlying Fund, (iii) the amount of the Management Fee that would have been payable in respect of such Investor had such Investor subscribed for an Interest at the Initial Closing and (iv) an amount computed as interest on the amounts set forth under (i) through (iii) above at a rate per annum equal to the higher of (A) LIBOR plus 2% and (B) 8% for the period from the due date or dates on which the other Partners were required to make their earlier contributions to the date of such contribution.
Legal Compliance
- Failure to pay subsequent interest as calculated in (iv) above will be considered a default under the Partnership Agreement.
Raw Analysis JSON
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Themes
Financial transactions/money flowBusiness dealings
Organizations 5
Aspen Grove Capital, LLCAccess FundGeneral PartnerGlendower GPInvestment Manager
Text Analysis
- Tone
- Professional
- Purpose
- To describe the process of initial and subsequent closings for the Access Fund, including the financial obligations of investors.
- Significance
- This document outlines the financial terms and conditions for investors participating in the Access Fund, particularly regarding capital contributions and interest payments during subsequent closings.
File Info
- File Name
- EFTA01393290.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:24.724851
- DOJ Source
- View on DOJ