Priority of Capital Commitments Sample Clauses

Priority of Capital Commitments. The Fund Operators shall call Capital Commitments on a pro rata basis (based on the aggregate Unfunded Capital Commitments of the Fund Investors as of the date capital is called); provided, however, that the entire amount of a Fund Investor’s Unfunded Capital Commitment made at a particular capital raise (it being acknowledged and agreed that a capital raise may include one or more Closings (or portions of one or more Closings) as determined by the General Partner in its sole discretion; provided, that the determination of the General Partner with respect to capital raises involving only Founding Partners shall be made in its sole and absolute discretion) (as specified in such Fund Investor’s Subscription Agreement) must be Fully Committed before calling any portion of the Unfunded Capital Commitment of any Fund Investor made at a subsequent capital raise; provided, further, that Unfunded Capital Commitments made by Fund Investors at a particular capital raise to the Fund will be drawn down pro rata (based upon Unfunded Capital Commitments made at that capital raise) among the Fund Investors that made such Unfunded Capital Commitments. Amounts invested by DRIP Participants pursuant to the DRIP shall be automatically invested at such times and in such amounts specified by the terms of the DRIP, irrespective of any requirements for calling Capital Commitments of Limited Partners and the priority given thereto. Notwithstanding the foregoing, (i) the General Partner will not be required to call capital from any Limited Partner (or group of Limited Partners) if the General Partner determines that doing so may jeopardize any REIT Subsidiary’s qualification as a REIT under the Code and (ii) the General Partner may delay calling all or any portion of the capital of a Capped Investor to the extent required to comply with the ownership limitations applicable to such Capped Investor. The General Partner shall be treated as a Fund Investor with respect to any Capital Commitment made by the General Partner for all purposes of this Section 3.2(e).
Sample 1
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Related to Priority of Capital Commitments

  • RETURN OF CAPITAL CONTRIBUTIONS No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Commitments of the Principal (1) The Principal commits itself to take all measures necessary to prevent corruption and to observe the following principles:

  • WITHDRAWAL OF CAPITAL No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).

  • Return of Capital Except pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall be entitled to the withdrawal or return of his or her Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions, or as otherwise expressly provided in this Agreement, or as to profits, losses, distributions or credits.

  • Commitments Subject to the terms and conditions set forth herein:

  • Priority consideration If the Contract Amount is $200,000 or more, Contractor shall give priority consideration in filling vacancies in positions funded by this Agreement to qualified recipients of aid under Welfare and Institutions Code section 11200 in accordance with PCC 10353.

  • Liquidation Priority In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Stock. The Investor’s right to receive its Cash-Out Amount is:

  • Member Capital Contributions (Check One) ☐ - Single Member LLC: The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. ☐ - Multi-Member LLC: Each Member has contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions: $ $ $ Members shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash and members shall not be entitled to interest on their capital contributions to the Company. The liability of any Member for the losses, debts, liabilities and obligations of the Company shall be limited to the amount of the capital contribution of each Member plus any distributions paid to such Member, such Member’s share of any undistributed assets of the Company; and (only to the extent as might be required by applicable law) any amounts previously distributed to such Member by the Company.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Commitments of the BUYER 1.1 The BUYER undertakes that no official of the BUYER, connected directly or indirectly with the contract, will demand, take a promise for or accept, directly or through intermediaries, any bribe, consideration, gift, reward, favour or any material or immaterial benefit or any other advantage from the BIDDER, either for themselves or for any person, organisation or third party related to the contract in exchange for an advantage in the bidding process, bid evaluation, contracting or implementation process related to the contract.

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