Suspension of Payment of Withdrawals Sample Clauses
Suspension of Payment of Withdrawals. The Partnership may suspend or postpone the payment of any withdrawals from Capital Accounts:
(a) in the event that Limited Partners, in the aggregate, request withdrawals of twenty-five percent (25%) or more of the value of the Partnership’s Capital Accounts as of any Withdrawal Date;
(b) during the existence of any state of affairs which, in the opinion of the General Partner, makes the disposition of the Partnership’s investments impractical or prejudicial to the Partners, or where such state of affairs, in the opinion of the General Partner, makes the determination of the price or value of the Partnership’s investments impractical or prejudicial to the Partners;
(c) where any withdrawals or distributions, in the opinion of the General Partner, would result in the violation of any applicable law or regulation; or
(d) for such other reasons or for such other periods as the General Partner may in good faith determine (including, but not limited to, during any period in which the Partnership’s portfolio investments in underlying Partnership are not sufficiently liquid to cover requested withdrawals). All Limited Partners will be notified in writing of any such suspension and the termination thereof.
Suspension of Payment of Withdrawals. The Partnership may suspend or postpone the payment of any withdrawals from Capital Accounts:
(a) during any period in which the Partnership’s portfolio investments are not sufficiently liquid to cover requested withdrawals;
(b) in the event that Limited Partners, in the aggregate, request withdrawals of ten percent (10%) or more of the value of the Partnership’s Capital Accounts as of any Withdrawal Date;
(c) during the existence of any state of affairs which, in the opinion of the General Partner, makes the disposition of the Partnership’s investments impractical or prejudicial to the Partners, or where such state of affairs, in the opinion of the General Partner, makes the determination of the price or value of the Partnership’s investments impractical or prejudicial to the Partners;
(d) where any withdrawals or distributions, in the opinion of the General Partner, would result in the violation of any applicable law or regulation; or
(e) for such other reasons or for such other periods as the General Partner may in good faith determine. All Limited Partners will be notified in writing of any such suspension and the termination thereof.
Suspension of Payment of Withdrawals. The Partnership may suspend or postpone the payment of any withdrawals from Capital Accounts for any reason.
