General Partner Commitment Sample Clauses

General Partner Commitment. On the Initial Closing Date, the General Partner and its Affiliates shall make and maintain an aggregate Commitment by subscribing for an Interest equal to at least [__]% of the aggregate Commitments of the Limited Partners. The Commitment of the General Partner and its Affiliates shall be increased at each Subsequent Closing in accordance with Section 5.1 (Subsequent Closings) so that at all times, it is equal to at least [__]% of the aggregate Commitments of the Limited Partners, provided that no Additional Payment shall be required to be made by the General Partner or such Affiliates in connection with such increase.10 No Withdrawal of Capital. No Limited Partner shall withdraw, cancel or revoke any part of its Commitment, except as provided in this Agreement or in the relevant Limited Partner’s Side Letter. If at any time the General Partner determines, after consultation with the affected Limited Partner and after receipt of an opinion of counsel, which counsel and opinion shall be reasonably satisfactory to such affected Limited Partner, that there is a reasonable likelihood that the continuing participation in the Fund by such Limited Partner would cause a Material Adverse Effect, such Limited Partner shall, upon the written request and with the reasonable cooperation of the General Partner, use commercially reasonable efforts to dispose of such Limited Partner’s entire interest in the Fund (or such portion of its interest as the General Partner shall determine is sufficient to prevent or remedy such Material Adverse Effect) to one or more of the other Limited Partners or any other Person at a price reasonably acceptable to such Limited Partner, in a transaction that complies with Section 17 (Transfers; Substitute Partners) and the General Partner shall use its commercially reasonable efforts to work with such Limited Partner to facilitate such transaction. If a determination is made by the General Partner under this Section 4.3.2 that would affect more than one Limited Partner in substantially the same manner, the General Partner shall request that all of the affected Limited Partners take the actions set forth in the preceding sentence. Notwithstanding anything to the contrary provided herein, the General Partner may on behalf of the Fund, without the consent of any Limited Partner, enter into any agreement with a Limited Partner that requires or enables such Limited Partner to withdraw from the Fund (e.g., in the event such Limited Partner would ...
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General Partner Commitment. On the Initial Closing Date, the General Partner and its Affiliates shall make and maintain an aggregate Commitment by subscribing for an Interest equal to at least [ ]% of the aggregate Commitments of the Limited Partners. The Commitment of the General Partner and its Affiliates shall be increased at each Subsequent Closing in accordance with Section 5.1 (Subsequent Closings) so that at all times, it is equal to at least [ ]% of the aggregate Commitments of the Limited Partners, provided that no Additional Payment shall be required to be made by the General Partner or such Affiliates in connection with such increase.10
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General Partner Commitment. On the Initial Closing Date, the General Partner and its Affiliates shall make and maintain an aggregate Commitment by subscribing for an Interest equal to at least [ ]73 % of the aggregate Commitments of 70 It is common to include restrictions relating to the tax status of the Fund, to avoid the Fund being subject to certain potentially adverse tax rules. The approach with respect to inclusion and extent of such restrictions varies and may need to be tailored to the particular circumstances of the Fund. Tax advice should be obtained. 71 Because this Fund is specified to be a "Canadian Partnership", all partners must be Canadian residents. If there are non-resident investors, they will need to invest through a Parallel Vehicle. Different tax considerations may apply to partnerships which include any non-resident partners. Tax advice should be obtained. 72 A fund may or may not have a "hard cap". Often, a fixed "hard cap" of the Fund is required by institutional investors such as pension funds. 73 It is standard that the General Partner will make a commitment to the Fund either directly, or through its Affiliates. Typically, the General Partner, Manager, or Key Persons or their affiliates will be limited partners of the Fund with respect to such commitments. The amount of such commitment may be a fixed amount or a percentage and is typically in the range of 1-2% of aggregate Fund commitments. the Limited Partners. The Commitment of the General Partner and its Affiliates shall be increased at each Subsequent Closing in accordance with Section 5.1 (Subsequent ClosingsAdmission as Limited
Sample 1
General Partner Commitment. The General Partner and/or its Affiliates will make an aggregate Capital Commitment to the Partnership shall be in an amount equal to at least one hundred thousand dollars ($100,000.00)
Sample 1

Related to General Partner Commitment

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • Financial Commitment 4.1. The cost associated with the representative season (refer representative season handbook) MUST be paid with the signing of this agreement.

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • Service Commitment Newly hired nurses and currently employed nurses who voluntarily choose to relocate and receive a relocation allowance may be required to serve for a minimum of two years at their base before they will be considered for transfer to another base. This commitment will not apply when the employer and nurse mutually agree to waive it and when relocation occurs as a result of layoff/rehire.

  • Other Commitments (1) If provisions in the legislation of either Contracting Party or rules of international law entitle investments by investors of the other Contracting Party to treatment more favourable than is provided for by this Agreement, such provisions shall to the extent that they are more favourable prevail over this Agreement.

  • No Commitment None of the provisions of this Agreement shall be deemed or construed to constitute or imply any commitment or obligation on the part of the Lender to make any future loans or other extensions of credit or financial accommodations to the Borrower.

  • Additional Public Interest Commitments Registry Operator shall comply with the public interest commitments set forth in Specification 11 attached hereto (“Specification 11”).

  • DVBE Commitment This section is applicable if Contractor received a disabled veteran business enterprise (“DVBE”) incentive in connection with this Agreement. Contractor’s failure to meet the DVBE commitment set forth in its bid or proposal constitutes a breach of the Agreement. If Contractor used DVBE subcontractor(s) in connection with this Agreement: (i) Contractor must use the DVBE subcontractors identified in its bid or proposal, unless the JBE approves in writing replacement by another DVBE subcontractor in accordance with the terms of this Agreement; and (ii) Contractor must complete and return to the JBE a post-contract certification form promptly upon completion of the awarded contract, and by no later than the date of submission of Contractor’s final invoice to the JBE. (The post-contract certification form is located at: xxxxx://xxx.xxxxxx.xx.xxx/documents/JBCM-Post- Contract-Certification-Form.docx) If the Contractor fails to do so, the JBE will withhold $10,000 from the final payment, or withhold the full payment if it is less than $10,000, until the Contractor submits a complete and accurate post-contract certification form. The JBE shall allow the Contractor to cure the deficiency after written notice of the Contractor’s failure to complete and submit an accurate post- contract certification form. Notwithstanding the foregoing and any other law, if after at least 15 calendar days, but no more than 30 calendar days, from the date of the written notice the Contractor refuses to comply with these certification requirements, the JBE shall permanently deduct $10,000 from the final payment, or the full payment if less than $10,000. The post-contract certification form shall include: (1) the total amount of money Contractor received under the Agreement, (2) the total amount of money and the percentage of work that Contractor committed to provide to each DVBE subcontractor; (3) the name and address of each DVBE subcontractor to which Contractor subcontracted work in connection with the Agreement; (4) the amount of money each DVBE subcontractor actually received from Contractor in connection with the Agreement, and the corresponding percentage this payment comprises of the total amount of money Contractor received under the Agreement; and (5) that all payments under the Agreement have been made to the applicable DVBE subcontractors. Upon request by the JBE, Contractor shall provide proof of payment for the work. A person or entity that knowingly provides false information shall be subject to a civil penalty for each violation. Contractor will comply with all rules, regulations, ordinances and statutes that govern the DVBE program, including, without limitation, Military and Veterans Code section 999.5.

  • Service Level Commitment IBM provides the following service level commitment (“SLA”) for the Cloud Service, after IBM makes the Cloud Service available to you.

  • Employer Commitments It is agreed that the institution will make every reasonable attempt to minimize the impact of funding shortfalls and reductions on the work force. It is incumbent upon institutions to communicate effectively with their employees and the unions representing those employees as soon as the impact of any funding reduction or shortfall or profile change has been assessed. If a work force reduction is necessary, the Joint Labour Management Committee will canvas employees in a targeted area or other areas over a fourteen (14) day period, or such longer time as the Joint Labour Management Committee agrees, to find volunteer solutions that provide as many viable options as possible and minimize potential layoffs. Subject to any agreement that the Joint Labour Management Committee may make to extend the period of a canvass, such canvasses shall take place either: • prior to the issuance of lay-off notice to employees under the local agreement, or • by no later than fourteen (14) calendar days following the annual deadline for notice of non-renewal or layoff where a local provision provides for such a deadline, whichever date is later. The union shall be provided with a copy of each final plan for employee labour adjustment.

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