Common use of Funding of Commitments Clause in Contracts

Funding of Commitments. All Commitments made by the Partners pursuant to the provisions of this Article 4 shall be funded upon request by the General Partner (or its managers or officers) as necessary to fund the Partnership's operations and to maintain reasonable reserves for such operations. Each request for funding shall be given by the General Partner (or its managers or officers) to all other Partners at least five business days prior to the funding date. Each request for funding shall include the statement as to the intended use of the proceeds of such funding.