Common use of Funding of Defaulted Amount Clause in Contracts

Funding of Defaulted Amount. Prior to an Exchange Listing, upon the occurrence of a Default and as promptly as practicable thereafter, the Investment Manager may deliver an amended Funding Notice (which shall include notice of such Default) to the non-Defaulting Members subject to the original Funding Notice increasing, subject to Section 3.2(b) and in the applicable proportion set forth in Section 5.1(c), depending upon the purpose for which the Capital Contribution or other amount was to be used, the Capital Contributions to be made by the non-Defaulting Members by up to an aggregate amount equal to the Capital Contribution or other amounts which the Defaulting Member failed to make (the “Defaulted Amount”). Payment of such additional Capital Contributions shall be made within five Business Days after such amended Funding Notice has been given. For the avoidance of doubt, nothing in this Section 5.2(b) shall require a Member to contribute any amount in excess of its Remaining Capital Commitment.

Funding of Defaulted Amount. Prior to an Exchange Listing, upon Upon the occurrence of a Default and as promptly as practicable thereafter, the Investment Manager may deliver an amended Funding Notice (which shall include notice of such Default) to the non-Defaulting Members subject to the original Funding Notice increasing, subject to Section 3.2(b) and in the applicable proportion set forth in Section 5.1(c), depending upon the purpose for which the Capital Contribution or other amount was to be used, the Capital Contributions to be made by the non-Defaulting Members by up to an aggregate amount equal to the Capital Contribution or other amounts which the Defaulting Member failed to make (the “Defaulted Amount”). Payment of such additional Capital Contributions shall be made within five Business Days after such amended Funding Notice has been given. For the avoidance of doubt, nothing in this Section 5.2(b) shall require a Member to contribute any amount in excess of its Remaining Capital Commitment.