For Cause OFAC Violation Sample Clauses

For Cause OFAC Violation. If the General Partner determines in its sole discretion that a “For Cause OFAC Violation” has or may have occurred with respect to a Limited Partner, the General Partner shall deliver written notice to such Limited Partner specifying in reasonable detail the grounds on which the General Partner has determined that a violation has or may have occurred. The Limited Partner may, within 10 business days after receipt of the notice, respond to the General Partner with evidence and arguments seeking to refute the General Partner’s determination. If, following expiration of the 10 business day period (whether or not the Limited Partner has submitted rebuttal evidence), the General Partner