Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice.) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution.) and Section 18.3
Consequences of Termination Notice. If a Termination Notice is given under paragraph (a):
Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution) and Section 18.3 (Winding Up); provided that with respect to a termination of the Fund on delivery of a Removal for Cause Notice, the right of the General Partner to receive further distributions of Carried Interest from the Fund shall immediately and automatically terminate, no further distributions of Carried Interest shall be made to the General Partner, and any amounts retained in the Escrow Account pursuant to Section 14.7.3 shall immediately be returned to the Fund for distribution to the Limited Partners[; provided, further that with respect to a termination of the Fund on delivery of a Removal Without Cause Notice, the General Partner’s entitlement to receive further distributions of Carried Interest shall be immediately and automatically reduced to [ ]% of the Carried Interest to which it is otherwise entitled].
Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution) and Section 18.3 (Winding Up); provided that with respect to a termination of the Fund on delivery of a Removal for Cause Notice, the right of the General Partner to receive further distributions of Carried Interest from the Fund shall immediately and automatically terminate, no further distributions of Carried Interest shall be made to the General Partner, and any amounts retained in the Escrow Account pursuant to Section 14.7.2 shall immediately be returned to the Fund for distribution to the Limited Partners[; provided, further that with respect to a termination of the Fund on delivery of a Removal Without Cause Notice, the General Partner’s entitlement to receive further distributions of Carried Interest shall be immediately and automatically reduced to [___]% of the Carried Interest to which it is otherwise entitled]. KEY PERSON EVENT; SUSPENSION The General Partner shall immediately notify each Limited Partner in writing of the occurrence of any Key Person Event. Upon the occurrence of a Key Person Event, the Commitment Period shall automatically and immediately be suspended until a Majority in Interest approves in writing a remediation plan for such Key Person Event or otherwise waives such suspension generally or with respect to one or more specified Portfolio Investments. The Commitment Period shall be automatically suspended upon the delivery to the General Partner of a written notice approved by [___]% in Interest to suspend the Commitment Period. If a Majority in Interest does not approve a remediation plan for, or otherwise waive a suspension related to, any Key Person Event or suspension under Section 11.3 within [ninety (90)] days of any suspension of the Commitment Period, then the Commitment Period shall automatically and immediately be terminated. At any time during which the investment activities of the Fund are suspended or terminated pursuant to this Article 11 (Key Person Event; Suspension), no Drawdown Notices may be issued to any Limited Partner without the prior written consent of the Advisory Committee, other than to: pay Fund Expenses; complete Portfolio Investments (including, subject to Section 7.1.4.5 (Investment Restrictions), Follow-on Inves...
Consequences of Termination Notice. 5.2. forthwith upon the receipt by the Trustees of a notice given thereto by the Beneficiary under and pursuant to Sub-clause 5.1:
Consequences of Termination Notice. Upon service of a Termination Notice under clause 12.5 (Final Evaluation Tests):
Consequences of Termination Notice. 14.6.1 In the event that the Notifying Party gives written notice pursuant to Clause 15.3 and as to Clause 14.5(c) provided that the Non-Notifying Party is in breach, or as to Clause 15.3(j) and provided that the control of the Non-Notifying Party is acquired by the Notifying Party’s competitor, then the Notifying Party shall, subject to Clause 15.5.3, have the right to purchase (or to nominate a third party to purchase) all equity interests of the Non-Notifying Party in the Joint Venture Company, or to sell all of its equity interest in the Joint Venture Company to the Non-Notifying Party, for an amount determined in accordance with Clause 15.5.
