Additional Contributions by Non-Defaulting Partners Sample Clauses

Additional Contributions by Non-Defaulting Partners. Upon the occurrence of an Event of Default, the General Partner may require all of the non-defaulting Partners to make Capital Contributions by an aggregate amount equal to the Capital Contribution of the Defaulting Limited Partner on which it defaulted; provided that no Limited Partner will be required to fund such amounts in excess of its Remaining Capital Commitment or Remaining Reserve Commitment, as applicable, subject to the requirements to make Capital Contributions in excess of the Remaining Capital Commitment pursuant to Sections 4.1 and 12.3. If the General Partner elects to require such increase, the General Partner shall deliver to each non- defaulting Partner written notice of such default as promptly as practicable after its occurrence and, thereafter, with respect to each Investment, the General Partner shall as promptly as practicable deliver to each such non-defaulting Partner a Funding Notice in respect of the Capital Contribution which the Defaulting Limited Partner failed to make. Subject to the proviso set forth above in this Section 4.4(d), such notice shall call for a Capital Contribution by each such non-defaulting Partner for an amount equal to the total amount of the Capital Contribution of the Defaulting Limited Partner on which it defaulted, multiplied by such non-defaulting Partner’s pro rata share (determined with reference to the sum of the aggregate Capital Commitments of all non-defaulting Partners). The notice shall specify the date for such Capital Contribution, which date shall be at least ten (10) calendar days from the date of delivery of such Funding Notice by the General Partner. If any Partner is not required to make a Capital Contribution in accordance with this Section 4.4(d) because such Capital Contribution would be in excess of such Limited Partner’s Remaining Capital Commitment or Remaining Reserve Commitment, as applicable, then the provisions of this Section 4.4(d) shall operate successively until either all Partners able to participate in such Investment are subject to the constraints set forth above or the full amount of the Capital Contributions of the Defaulting Limited Partner has been provided for.
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Related to Additional Contributions by Non-Defaulting Partners

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  • Termination on Default The Authority may terminate this Framework Agreement by serving written notice on the Supplier with effect from the date specified in such notice where the Supplier commits a Material Default and if:

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • Preservation of Rights of Non-Defaulting Party The rights of the Non-Defaulting Party under this Agreement, including without limitation Sections 5.4 and 5.6 of this Agreement, shall be supplemental to, and not in lieu of, any right of recoupment, lien, or set-off afforded by applicable law, and all such rights are expressly preserved for the benefit of the Non-Defaulting Party.

  • Termination Upon Default Either Party may terminate this Agreement in whole or in part in the event of a default by the other Party; provided however, that the non-defaulting Party notifies the defaulting party in writing of the alleged default and that the defaulting Party does not cure the alleged default within sixty (60) calendar days of receipt of written notice thereof. Default is defined to include:

  • Succession upon Default Each of the following events shall constitute an Event of Default by Xxxxxx Xxx hereunder:

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  • Suspension or Termination Upon Default Either Party may suspend or terminate this Agreement, in whole or in part, in the event of a Default by the other Party so long as the non-Defaulting Party notifies the Defaulting Party in writing of the Default and the Defaulting Party does not cure the Default within thirty (30) Days of receipt of the written notice, provided however, that any requirements for written notice and opportunity to cure with respect to the failure to make timely payment of undisputed charges shall be governed separately under Section 51. Following CenturyLink’s notice to CLEC of its Default, CenturyLink shall not be required to process new Service Orders until the Default is timely cured.

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

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