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 [ ]% 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 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.10increase.8
Appears in 2 contracts
Samples: ilpa.org, www.hirschlerlaw.com
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 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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Samples: Agreement
