Commitment to Future Funds Sample Clauses

Commitment to Future Funds. In the future, the Manager and GP may organize additional private equity investment funds (individually a "Fund" and collectively the "Funds," and in each case including all parallel funds) with substantially similar investment objectives as Fund IV. Each Fund will be comprised of one or more limited partnerships (the "Institutional Funds") open for commitment by institutional and other qualified investors, and one or more additional entities (the "Employee Funds") designed specifically for employees of Jefferies or its affiliates. The organizing agreements and other aspects of each Fund (including with respect to the provision of leverage to Jefferies' employees and investment objectives) will be substantially similar to those of Fund IV, including a 20% carried interest (the "Carried Interest") in favor of the General Partner, which will act as the general partner or managing member of the entities comprising such Fund. Each entity comprising a Fund will be managed by the Manager on the same terms and conditions as the Manager serves as the manager of the various Fund IV entities. The Managing Members of the Manager will continue to be Xxxxx X. Xxxxxxxx and any other person he designates also as a Managing Member. The Managing Member of the General Partner will continue to be the Manager. Any commitment of Jefferies, its employees and affiliates (other than employees who are members of the Manager) to such Funds shall be subject to the same carried interest and management fees as the commitment of institutional investors in such Funds. Subject to the other provisions of this Article V, with respect to each successive Fund, (a) if (i) Jefferies, its employees and affiliates (other than employees who are members of the Manager of such Fund) commit to invest at least seventeen and one-half percent (17.5%) of the initially targeted investment capitalization (including leverage) of such Fund prior to the time marketing commences for such Fund (it being understood that Jefferies will be offered the opportunity to make such commitments and that such investment capitalization commitment will not exceed seventeen and one-half percent (17.5%) of the final capitalization (including leverage) of such Fund if the final capitalization is less than the targeted capitalization) and (ii) Jefferies and Group have complied with their obligations hereunder and (b) if Xx. Xxxxxxxx commits to invest an amount equal to (i) two and one-half percent (2.5%) of the initially targe...
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Related to Commitment to Future Funds

  • Commitment to Lend Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with ss.2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment MINUS such Bank's Commitment Percentage of the sum of the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, PROVIDED that the sum of the outstanding amount of the Loans (after giving effect to all amounts requested) PLUS the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the Total Commitment. The Loans shall be made PRO RATA in accordance with each Bank's Commitment Percentage. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in ss.11 and ss.12, in the case of the initial Loans to be made on the Closing Date, and ss.12, in the case of all other Loans, have been satisfied on the date of such request.

  • Participation in Future Financing (a) From the date hereof until the date that is the 12 month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

  • Conditions Precedent to Initial Credit Extension Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation:

  • Conditions Precedent to all Credit Extensions The obligation of Bank to make each Credit Extension, including the initial Credit Extension, is further subject to the following conditions:

  • Conditions Precedent to all Extensions of Credit The obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent:

  • Conditions Precedent to Credit Extensions 45 4.01 Conditions of Initial Credit Extension...........................................................45 4.02 Conditions to all Credit Extensions..............................................................46

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • Conditions to All Credit Extensions after the Closing Date Following the Closing Date, the obligation of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent:

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