Excused Partner definition

Excused Partner shall have the meaning set forth in Section 2.7.
Sample 1
Excused Partner has the meaning set forth in Section 3.4(a).
Sample 1
Excused Partner has the meaning ascribed to that term in Section 6.04(a).
Sample 1

Examples of Excused Partner in a sentence

  • Without derogating from the above, each Call Notice shall also include such information with respect to the anticipated investment as the General Partner determines to be necessary for a Limited Partner to determine whether it has to request to be an Excused Partner pursuant to 6.5 and/or 15.1 of this Agreement.

  • Notwithstanding the foregoing, if a Limited Partner becomes an Excused Partner pursuant to Section 3.15 with respect to a particular investment, such Limited Partner shall not, by reason of its failure to pay the portion of its Subscription related to such investment, be deemed to be a Defanlting Partner for purposes of Section 8.2.

  • If the General Partner so consents then, notwithstanding any other provision of this Agreement, (I) no Partnership Profits or Losses attributable to such investment shall be allocated to such Limited Partner (the "Excused Partner"); (2) such Excused Partner shall not participate in distributions attributable thereto; and (3) this Agreement shall be deemed to have been amended, as of the date of the investment, as necessary to achieve these results.

  • Thereafter, on or before each Due Date, the General Partner (or its Affiliates) shall make a corresponding Capital Contribution in cash in an amount equal to its pro rata share (based on Remaining Capital Commitments) of the total Drawdowns to be made on such Due Date by the Limited Partners, without regard to any Excused Partner or Defaulting Limited Partner, provided that such Capital Contribution shall not exceed the General Partner's Remaining Capital Commitment.

  • The General Partner may determine individual Partner Capital Contribution call amounts on a pro rata basis relative to the outstanding or unused Capital Commitments of the Partners to account for Excused Partner Capital Contributions with respect to Excused Investments under Section 6.6.

  • Upon delivery of such notice, each Limited Partner may by written notice to the General Partner elect to be treated as an Excused Partner with respect to all future Investments of the Partnership; provided, that, each such Limited Partner must provide written notice to the General Partner within thirty (30) days of receiving such notice from the General Partner of such election.

  • If any Limited Partner is excused from a Co-Investment pursuant to Section 5.4(a), the General Partner may elect in its sole discretion to make the investment without the participation of such Excused Partner or not to make the investment.

  • The operation of Section 5.5 Confidential 44 23402564v7 this Section 5.4 shall not limit the obligation of any Excused Partner to contribute to the Fund the full amount of its Remaining Capital Commitment in respect of all subsequent Portfolio Investments and all Organizational Expenses and Fund Expenses.


More Definitions of Excused Partner

Excused Partner. As defined in Section 6.6(a).
Sample 1
Excused Partner means, with respect to any Co-Investment, any Limited Partner that, pursuant to Section 5.4, has been excused from making a Capital Contribution in respect thereof. For the avoidance of doubt, a Limited Partner that participates in any particular Co-Investment shall not be treated as an Excused Partner with respect to any Follow-On Investment with respect to such Co-Investment.
Sample 1
Excused Partner means, with respect to any Investment, any Limited Partner that has been excused or excluded from participating in such Investment pursuant to Article 4 (Excuse and Exclusion Procedures).
Sample 1
Excused Partner means, with respect to any Investment, any Partner who is excused pursuant to Section 5.06 from making all or a portion of its Capital Contribution that would otherwise be required in respect of such Investment.
Sample 1

Related to Excused Partner

  • Co-licensed partner means a person who, with at least one other person, has the right to engage in

  • Defaulting Partner shall have the meaning set forth in Section 9.1.

  • Lead Partner means the lead partner of a joint venture, as described in Sub-Clause

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Alliance Partner means "Flatworld Trading Pvt Ltd ", who has entered into an alliance agreement with Axis Bank for purpose of providing the Offer.

  • Business Partner means a legal entity that requires use of a Cloud Service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand.

  • Spouse or partner means a person (including same sex partners) who lives with the principal policy holder in a marital or de facto relationship.

  • Interested Party means a person:

  • Departing Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or 11.2.

  • Defaulting Limited Partner means a Limited Partner that has failed to pay any amount owed to the Partnership under a Partnership Loan within 15 days after demand for payment thereof is made by the Partnership.

  • Partner means any General Partner or Limited Partner.

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Intimate partner means: (a) Spouses, or domestic partners; (b) former spouses, or former domestic partners; (c) persons who have a child in common regardless of whether they have been married or have lived together at any time; (d) adult persons presently or previously residing together who have or have had a dating relationship; (e) persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship; and (f) persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship.

  • Advisory Person means (i) any employee of the Fund, Manager or Adviser/Subadviser (or of any company in a control relationship to the Fund, Manager or Adviser/Subadviser) who, in connection with his or her regular functions or duties, makes, participates in, or obtains current or pending information regarding the purchase or sale of a security by the Fund, or whose functions relate to the making of any recommendations with respect to such purchases or sales; and (ii) any natural person in a control relationship to the Fund who obtains information concerning recommendations made to the Fund with regard to the purchase or sale of a security.

  • Permanent part-time employee means a person who is appointed to work hours that are less in number than a full-time employee and who is appointed as such in accordance with section 37(3)(a) of the State Service Act 2000.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Selling Partner has the meaning set forth in Section 8.5.

  • Wellness activity means an explicit program of an activity

  • statutory parental bereavement pay means a payment to which a person is entitled in accordance with section 171ZZ6 of the Social Security Contribution and Benefits Act 1992;

  • interested persons and "Assignment" shall have their respective meanings as set forth in the 1940 Act, subject, however, to such exemptions as may be granted by the Commission under the 1940 Act or any interpretations of the Commission staff.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Terminating Company Breach has the meaning specified in Section 10.01(b).

  • Interested Person and “Principal Underwriter” shall have the meanings given them in the 1940 Act.

  • Dating partner means any person involved in an intimate association with another individual that is primarily characterized by the expectation of affectionate involvement, whether casual, serious, or long-term.