Common use of Termination of the Obligation to Contribute Capital Clause in Contracts

Termination of the Obligation to Contribute Capital. (a) Any Private Limited Partner may elect to terminate its obligation in whole or in part to make a capital contribution required under this Agreement, or upon demand by the General Partner, will no longer be entitled to make such capital contribution, if the Private Limited Partner or the General Partner obtains an opinion of counsel as provided under Section 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.06 through Section 8.10.

Appears in 2 contracts

Samples: Agreement (Capitala Finance Corp.), FIDUS INVESTMENT Corp

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Termination of the Obligation to Contribute Capital. (a) Any Private Limited Partner may elect to terminate its obligation in whole or in part to make a capital contribution required under this Agreement, or or, upon demand by the General Partner, will no longer be entitled to make such capital contribution, if the Private Limited Partner or the General Partner obtains an opinion of counsel as provided under Section 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.06 through Section 8.10.

Appears in 1 contract

Samples: Joinder Agreement (WQN, Inc.)

Termination of the Obligation to Contribute Capital. (a) Any Private Limited Partner may elect to terminate its obligation in whole or in part to make a capital contribution required under this Agreement, or upon demand by the General Partner, will no longer be entitled to make such capital contribution, if the Private Limited Partner or the General Partner obtains an opinion of counsel as provided under Section 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.06 6.02 through Section 8.106.07.

Appears in 1 contract

Samples: Limited Partnership Agreement (CapitalSouth Partners SBIC Fund III, L.P.)

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Termination of the Obligation to Contribute Capital. (a) Any Private Limited Partner may elect to terminate its obligation in whole or in part to make a capital contribution required under this Agreement, or upon demand by the General Partner, will no longer be entitled to make such capital contribution, if the Private Limited Partner or the General Partner obtains an opinion of counsel as provided under Section 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.06 through Section 8.108.10 [or Section 8.12].

Appears in 1 contract

Samples: Limited Partnership Agreement

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