Common use of Capital Commitments Clause in Contracts

Capital Commitments. Each Limited Partner, upon admission to the Fund, shall be deemed to have made a “Capital Commitment” to the Fund equal to the amount specified as such in, or otherwise determined in accordance with, the Subscription Agreement relating to such Limited Partner. Except as specifically provided in this Agreement, the Capital Commitment of a Limited Partner: (i) shall represent the maximum aggregate amount of cash and property that such Limited Partner shall be required to contribute to the capital of the Fund; and (ii) shall not be changed during the term of the Fund.

Appears in 8 contracts

Samples: Limited Partnership Agreement (NB Crossroads Private Markets Fund VI LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Advisory LP), Limited Partnership Agreement (NB Crossroads Private Markets Fund VI Custody LP)

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