Pre-estimate of loss. Without prejudice to the foregoing, it is agreed that the provisions of this Section 5.2 in relation to the Units of any Defaulting Member (including any abrogation of rights in respect of allocations, distributions or withdrawals, and any right of sale or forfeiture in respect of a Defaulting Member’s Units) constitutes a good faith pre-estimate of the loss likely to be suffered by the Fund as a result of the Defaulting Member’s default.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Hc BDC LLC)
