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

Termination of the Obligation to Contribute Capital. 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 5.7 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.6 through Section 8.10. Upon receipt by the General Partner of a notice and opinion as provided under Section 5.7, unless cured within the period provided under Section 5.8, the Commitment of the Private Limited Partner delivering the opinion will be deemed to be reduced by the amount of such unfunded capital contribution and this Agreement will be deemed amended to reflect a corresponding reduction of aggregate Commitments to the Partnership.

Termination of the Obligation to Contribute Capital. 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 5.7 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.6 through Section 8.108.10 [or Section 8.12]. Upon receipt by the General Partner of a notice and opinion as provided under Section 5.7, unless cured within the period provided under Section 5.8, the Commitment of the Private Limited Partner delivering the opinion will be deemed to be reduced by the amount of such unfunded capital contribution and this Agreement will be deemed amended to reflect a corresponding reduction of aggregate Commitments to the Partnership.

Termination of the Obligation to Contribute Capital. 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 5.7 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.6 8.06 through Section 8.10. Upon receipt by the General Partner of a notice and opinion as provided under Section 5.75.07, unless cured within the period provided under Section 5.85.08, the Commitment of the Private Limited Partner delivering the opinion will be deemed to be reduced by the amount of such unfunded capital contribution and this Agreement will be deemed amended to reflect a corresponding reduction of aggregate Commitments to the Partnership.

Termination of the Obligation to Contribute Capital. 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 5.7 5.07 to the effect that making such contribution would require the Private Limited Partner to withdraw from the Partnership under Section 8.6 8.06 through Section 8.108.10 [or Section 8.12]. Upon receipt by the General Partner of a notice and opinion as provided under Section 5.75.07, unless cured within the period provided under Section 5.85.08, the Commitment of the Private Limited Partner delivering the opinion will be deemed to be reduced by the amount of such unfunded capital contribution and this Agreement will be deemed amended to reflect a corresponding reduction of aggregate Commitments to the Partnership.