Common use of Return of Unused Capital Contributions Clause in Contracts

Return of Unused Capital Contributions. 6.3.1 If any proposed Portfolio Investment with respect to which there has been a Drawdown is not consummated or if the amount of funds drawn down for any reason exceeds the amount necessary, as the case may be, the General Partner shall return such Drawdown or such excess amount of funds, together, in each case, with any interest or gains thereon (net of any Fund Expenses in respect thereof), to the Limited Partners within [sixty (60)] days of such Drawdown, in the same proportions that such funds were contributed by the Limited Partners.

Appears in 5 contracts

Samples: ilpa.org, ilpa.org, ilpa.org

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.