Common use of Limited Partner Giveback Clause in Contracts

Limited Partner Giveback. 16.3.1 Subject to Section 16.3.2 and Section 16.4 (Other Sources of Recovery), the Fund may require the Partners to return distributions to the Fund to the extent not previously returned in an amount sufficient to satisfy all or any portion of the indemnification and other obligations of the Fund pursuant to Section 16.2 (Indemnification of Covered Persons), whether such obligations or liabilities arise before or after the last day of the Term or, with respect to any Partner, before or after such Partner’s withdrawal from the Fund, provided that the Partners shall return distributions with respect to their share of any such indemnification obligation or liability as follows:

Limited Partner Giveback. 16.3.1 Subject to Section 16.3.2 and Section 16.4 (Other Sources of Recovery.), the Fund may require the Partners to return distributions to the Fund to the extent not previously returned in an amount sufficient to satisfy all or any portion of the indemnification and other obligations of the Fund pursuant to Section 16.2 (Indemnification of Covered Persons.), whether such obligations or liabilities arise before or after the last day of the Term or, with respect to any Partner, before or after such Partner’s ’'s withdrawal from the Fund, provided that the Partners shall return distributions with respect to their share of any such indemnification obligation or liability as follows: