EXCUSED INVESTMENT. Notwithstanding Section 3.1 and 3.5, no Partner shall make a Capital Contribution with respect to, or otherwise participate in, any Portfolio Investment of the Fund if the General Partners have determined in their sole discretion that participation by such Partner in such Portfolio Investment might give rise to a conflict of interest or to a material tax or regulatory requirement for such Partner or the Partnership.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)
EXCUSED INVESTMENT. Notwithstanding Section 3.1 and 3.5Section 3.4, no Partner shall make a Capital Contribution with respect to, or otherwise participate in, any Portfolio Investment of the Fund if the General Partners have determined in their sole discretion that participation by such Partner in such Portfolio Investment might give rise to a conflict of interest or to a material tax or regulatory requirement for such Partner or the Partnership.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)
