CAPITAL COMMITMENTS TO THE INVESTMENT PARTNERSHIPS Sample Clauses

CAPITAL COMMITMENTS TO THE INVESTMENT PARTNERSHIPS. Except as otherwise provided in this Section 2.03, the maximum Capital Commitment to each Investment Partnership shall be One Hundred Million Dollars ($100,000,000). Capstead and Crescent Capital shall have Capital Commitments of Seventy-five Million Dollars ($75,000,000) and Twenty-five Million Dollars ($25,000,000), respectively, to the Initial Investment Partnership. The General Partner shall make no Capital Contribution to the Investment Partnerships. Capstead and Crescent Capital shall have Capital Commitments of Seventy-five Million Dollars ($75,000,000) and Twenty-five Million Dollars ($25,000,000), respectively, to the Successor Investment Partnership; provided, that this Agreement has not terminated pursuant to Section 7.01. Crescent may, at its option, cause the Successor Investment Partnership to admit an additional equity investor (an "Additional Investor") whose Capital Commitment shall not exceed One Hundred Fifty Million Dollars ($150,000,000), in which case the maximum Capital Commitment to the Successor Investment Partnership may be increased to Two Hundred Fifty Million Dollars ($250,000,000). The Additional Investor shall be permitted to invest in the Successor Investment Partnership only if the admission of such investor would not be expected to delay significantly the investment of the Capital Contributions that Crescent Capital and Capstead have committed to make to the Successor Investment Partnership during its Investment Period. Capstead shall have the right to opt out of such participation in the Successor Investment Partnership or may elect to invest in the Successor Investment Partnership on proportionally the same terms and conditions as Capstead's investment in the Initial Investment Partnership, taking into account any admission of an Additional Investor to the Successor Investment Partnership; provided, that if the Additional Investor invests in the Successor Investment Partnership on terms that Capstead reasonably believes would be more favorable economically to Capstead than the terms on which Capstead has invested or proposes to invest, Capstead shall be entitled to invest on exactly the same economic terms as the Additional Investor, taking into account their relative Capital Commitments. The Partnership Agreement of the Successor Investment Partnership shall be modified to reflect the modified structure that includes the Additional Investor and the terms on which the Additional Investor and Capstead have elected to inve...
Sample 1
AutoNDA by SimpleDocs

Related to CAPITAL COMMITMENTS TO THE INVESTMENT PARTNERSHIPS

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Capital Commitments No Credit Party shall relieve, excuse, delay, postpone, compromise or xxxxx any Investor from the making of any Capital Contribution pursuant to a Capital Call by the applicable Credit Party, provided that the Credit Parties may excuse any Investor from funding a Capital Call with respect to which an Investor Exclusion Event applies.

  • CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Organizational Contributions; Contributions by the General Partner and its Affiliates 40 Section 5.2 Contributions by Initial Limited Partners 41 Section 5.3 Interest and Withdrawal 41 Section 5.4 Capital Accounts 41 Section 5.5 Issuances of Additional Partnership Interests and Derivative Instruments 45 Section 5.6 Conversion of Subordinated Units 46 Section 5.7 Limited Preemptive Right 47 Section 5.8 Splits and Combinations 47 Section 5.9 Fully Paid and Non-Assessable Nature of Limited Partner Interests 48 Section 5.10 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights 48 Section 5.11 Establishment of Series A Preferred Units 50 Section 5.12 Deemed Capital Contributions 63 ARTICLE VI

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Funding and Capital Contributions If the Board of the Company or Haimeng at any time or from time to time determines that funding and/ or capital contributions to the Company or Haimeng are necessary to conduct the Company’s or Haimeng’s business activities, then:

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • General Partner Loans The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur Debt to the General Partner if (i) such Debt is, to the extent permitted by law, on substantially the same terms and conditions (including interest rate, repayment schedule, and conversion, redemption, repurchase and exchange rights) as Funding Debt incurred by the General Partner, the net proceeds of which are loaned to the Partnership to provide such Additional Funds, or (ii) such Debt is on terms and conditions no less favorable to the Partnership than would be available to the Partnership from any third party; provided, however, that the Partnership shall not incur any such Debt if any Partner would be personally liable for the repayment of such Debt (unless such Partner otherwise agrees).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!