Capital Contributions of Limited Partners. As of the date of this Agreement, the Limited Partner has made a Capital Contribution to the Partnership with an Agreed Value as set forth opposite its name on Schedule A. Upon its admission to the Partnership, each additional Limited Partner shall make a Capital Contribution to the Partnership with an Agreed Value as determined by the General Partner and agreed to by such Limited Partner. The Limited Partners shall not be required to make any Capital Contributions to the Partnership other than as set forth in this Section 5.2 or to the extent required under the Virginia RULPA.
Capital Contributions of Limited Partners. The Limited Partners have contributed cash or other property to the capital of the Partnership consisting of ninety-nine and ninety-nine hundredths percent (99.99%) of the value of the original Property of the Partnership and shall have nine thousand nine hundred ninety-nine (9,999) Limited Partner Units. The Partnership Interest of each Limited Partner is set forth on Exhibit A. For all purposes of this Agreement, the contributions contemplated by this Section 3.02, when made, shall be deemed to be made on the date of receipt.
Capital Contributions of Limited Partners. Each Limited Partner shall contribute cash and/or other assets to the Partnership.
Capital Contributions of Limited Partners. (a) Each Limited Partner will contribute capital to the Partnership in accordance with this Section 3.3 by way of cash in USD. Capital Commitments from the Limited Partners will generally be drawn down in the manner set forth in Section 3.3(b) for any proper Partnership purpose at such times and in such amounts as the General Partner may determine.
(b) Notwithstanding anything herein to the contrary, drawdowns of Capital Commitments shall be made from time to time as needed upon not less than 10 (ten) Business Days' prior written notice (which may include e-mail) in such amounts as shall be determined by the General Partner; provided. Each drawdown of Unfunded Capital Commitments will generally be made by Limited Partners on a pro rata basis by reference to their respective Capital Commitments. The General Partner, in its sole discretion, may call for drawdowns that are not pro rata based on Capital Commitments in certain circumstances, including in cases where the General Partner makes an in specie contribution, provided that any such drawdown relating to an in specie contribution of the General Partner shall only be made if the in specie contribution is subject to an independent valuation by an independent third party approved by the Investor Advisory Committee; provided further that the value of any such in specie contribution be no less than and as close as possible to the General Partner's pro rata share of such drawdown based on Capital Commitments.
(c) Each Limited Partner will make a Capital Contribution to the Partnership when called for by the General Partner in amounts not to exceed such Limited Partner's Unfunded Capital Commitment. Failure to make such payment within the required time period (a “Default”) would cause injury to the Partnership and the other Partners and the amount of damages caused by any such injury would be extremely difficult to calculate. Accordingly, each Limited Partner agrees that in the sole discretion of the General Partner upon any such Default, the Limited Partner may be declared to be in default (a “Defaulting Limited Partner”). If a Limited Partner fails to make any Capital Contribution in satisfaction of all or any portion of its Capital Commitment on the relevant due date, the General Partner may, on behalf of the Partnership and in addition to any available recourse, charge interest on the amount of such overdue Capital Contribution, at a floating rate of interest equal to the maximum rate permitted by applicabl...
Capital Contributions of Limited Partners. Upon admission to the Partnership, each Limited Partner shall contribute Cash in the amount set forth in such Partner’s Subscription Agreement. The minimum initial capital contribution to the Partnership by a Limited Partner is generally $50,000.00, subject to the General Partner’s sole discretion to accept subscriptions for lesser amounts or, upon giving notice to the Limited Partners, to require a higher minimum. The General Partner may, in its sole discretion, reject any initial subscription request.
Capital Contributions of Limited Partners. Upon admission to the Partnership, each Limited Partner shall contribute Cash (or, in the sole discretion of the General Partner, Securities) in the amount set forth in such Partner’s Subscription Agreement. Each Limited Partner who has contributed or may contribute Securities to the Partnership shall, prior to the date of any such contribution, furnish to the Partnership evidence, satisfactory to the General Partner, as to his dates of acquisition of such Securities, his unencumbered ownership thereof and his adjusted basis thereof for federal income tax purposes. The minimum initial capital contribution to the Partnership by a Limited Partner is generally $500,000, subject to the General Partner’s sole discretion to accept subscriptions for lesser amounts or, upon giving notice to the Limited Partners, to require a higher minimum. Limited Partners may be admitted on the first business day of any calendar month, or at any other time the General Partner chooses to accept initial capital contributions. In the sole discretion of the General Partner, capital contributions cleared and received through the third business day of any calendar month may be treated as if they were received on the first business day of such month. The General Partner may, in its sole discretion, reject any initial subscription request.
Capital Contributions of Limited Partners. Except as set forth in the Exchange Agreement (including Section 2.3 thereof), no Limited Partner shall be required to make any Capital Contributions to the Partnership.
Capital Contributions of Limited Partners. Upon admission to the Partnership, each Limited Partner shall contribute Cash (or, in the sole discretion of the GP, Investments), in the amount set forth in such Partner’s Subscription Agreement. Each Limited Partner who has contributed or may contribute Investments to the Partnership shall, prior to the date of any such contribution, furnish to the Partnership evidence, satisfactory to the GP, as to his dates of acquisition of such Investments, and his adjusted basis thereof for federal income tax purposes. The minimum initial capital contribution to the Partnership by a Limited Partner is generally $50,000, subject to the GP’s sole discretion to accept subscriptions for lesser amounts or, upon giving notice to the Limited Partners, to require a higher minimum. Limited Partners may be admitted on the first business day of any calendar month, or at any other time the GP chooses to accept initial capital contributions. The GP may, in its sole discretion, reject any initial subscription request.
Capital Contributions of Limited Partners. (a) Concurrently with or immediately preceding the effectiveness of this Agreement, and pursuant to the terms of a Subscription Agreement executed by each Limited Partner, each Limited Partner listed on Schedule A is making or has made a Capital Contribution in the amount set forth opposite its name on Schedule A. The Capital Contribution of each Limited Partner shall be made in cash, by wire transfer, by certified or cashier's check payable to the order of the Partnership or its designated agent, or in such other form as is approved by the General Partner, and shall be reflected on Schedule A.
Capital Contributions of Limited Partners. (a) The initial Limited Partner shall, upon formation of the Partnership make an initial Capital Contribution of $1,000 in cash or cash equivalents.
(b) The Limited Partners shall upon the Closing of the Exchange Agreement (as therein defined) make Capital Contributions of their interests in the Existing Partnership in exchange for Partnership Interests as provided in the Exchange Agreement. The Limited Partners, upon request of the General Partner, may from time to time (but shall not be obligated to), make additional Capital Contributions as may be deemed necessary by the General Partner for Partnership operations after taking into account other funds available to the Partnership.
