General Partner’s Contributions. (a) The General Partner shall contribute to the Fund through the purchase of Units from time to time, amounts sufficient to enable the General Partner to own at all times not less than one percent (1%) of the total number of the outstanding Units. The General Partner shall not sell, assign or otherwise dispose of any Units or elect to have Units redeemed pursuant to Section 6.2 hereof, if such actions would result in the failure of the General Partner to maintain such one percent (1%) interest.
(b) Except as provided herein, the General Partner shall not be required or obligated to make any additional Capital Contributions to the Fund; provided, however, that the General Partner shall be required to make a Capital Contribution in the amount of any deficit balance in its Capital Account upon a liquidation of the Fund pursuant to Section 9.1 hereof. Any Capital Contribution required to be made by the General Partner to fund a deficit balance in its Capital Account shall be paid to the Fund by the later of (i) the end of the Fiscal Year in which such liquidation shall occur or (ii) ninety (90) days after the date of such liquidation.
General Partner’s Contributions. Each of the initial General Partners has purchased, and/or irrevocably subscribed for the number of Shares (as defined in Section 4.3) set forth on Schedule A to this Certificate and Agreement and incorporated herein by this reference, for which he has, or will, on or prior to the Exchange Date (as defined in Section 4.5) deliver in cash, and/or securities at their value, determined in accordance with Sections 4.5 and 4.6, $25 per Share. The initial General Partners (both Managing and Non-Managing) shall as a group make a capital contribution which shall not be less than 1% of the total capital contributions of both the Limited Partners and the General Partners. The General Partners shall as a group own at all times not less than 1% of all the outstanding shares of the Partnership held by both the General and Limited Partners or any assignees thereof. Each General Partner, by execution of this Certificate and Agreement hereby commits and agrees that so long a he is a General Partner, his Shares held as General Partner will not be tendered for redemption, redeemed or assigned, nor will he accept distributions in cash if Shares held by General Partners as a group would thereby constitute less than 1% of the outstanding Shares. In the event a General Partner withdraws from the Partnership and the Partnership is continued as provided herein, if such withdrawal causes the number of shares held by the General Partners as a group to be less than 1% of the total outstanding Shares of both the Limited Partners and General Partners, the Non-Managing General Partner(s) shall contribute to the capital of the Partnership such additional capital or securities to acquire at net asset value such number of Shares as may be necessary for the General Partners as a group to hold 1% of the total outstanding Shares; provided, however, that if another General Partner makes a capital contribution in such amount as to cause the outstanding Shares of the General Partners as a group to be more than said 1%, the Non-Managing General Partner(s) shall be permitted to redeem such Shares no longer necessary to maintain said 1%.
General Partner’s Contributions. The General Partner’s total contributions to the Partnership shall be equal to $99.99.
General Partner’s Contributions. The General Partner’s total contributions to the Partnership shall be equal to $.01.
General Partner’s Contributions. In the event of a Drawdown, the General Partner shall make Capital Contributions to the Partnership in connection with such Drawdown in an amount equal to its pro rata share of the aggregate Capital Contributions to be made by all Partners (including the General Partner). Capital Contributions by the General Partner shall be made to the Partnership on or prior to the date of the applicable Drawdown, in cash or by wire transfer of other immediately available funds, in each case in U.S. Dollars.
General Partner’s Contributions. The General Partner shall make Capital Contributions to the Fund in connection with each Drawdown in an amount equal to its Pro Rata Share of the Drawdown. Capital Contributions by the General Partner shall be made to the Fund on or prior to the date of the applicable Drawdown, in cash or by wire transfer of other immediately available funds, in each case in U.S. Dollars. The Remaining Capital Commitment and the Remaining Reserve Commitment of the General Partner shall be reduced in the same manner that is applicable to the Remaining Capital Commitments and the Remaining Reserve Commitments of the Limited Partners.
