Examples of Subsequent Closing Partner in a sentence
Each Subsequent Closing Partner shall be treated as if it has been admitted, or as if the increase has been included in its Commitment, at the Initial Closing Date.
Any amount paid by a Subsequent Closing Partner pursuant to Section 3.1(c)(i)(A) or 3.1(c)(ii)(A) relating to an Investment shall be paid by the Partnership promptly following receipt thereof to the previously admitted Partners in proportion to their Capital Contributions with respect to such Investment, and the Partners’ Investment Percentages shall be appropriately adjusted.
Any amount paid by a Subsequent Closing Partner pursuant to Section 3.1(c)(i)(C) or 3.1(c)(ii)(C) shall be paid by the Partnership promptly following receipt thereof to the Management Company.
Any amount paid by a Subsequent Closing Partner pursuant to Section 3.1(c)(i)(B) or 3.1(c)(ii)(B) relating to Partnership Expenses (other than Management Fees and Transaction Expenses) shall be paid by the Partnership promptly following receipt thereof to the previously admitted Partners in proportion to their Capital Commitments.
The General Partner shall amend Schedule 1 (Partner Commitments) and books and records of the Fund to reflect the admission or increased Commitment of each Subsequent Closing Partner.
To the extent that any Subsequent Closing Partner elects to become a Side Car Partner, such organizational expense shall be reallocated among all Side Car Partners and the amounts paid by such Subsequent Closing Partners will be returned to Side Car Partners admitted at any earlier Closing or applied as a credit against the next installment of Management Fees payable by such earlier admitted Side Car Partners.
Each Subsequent Closing Partner will be deemed admitted to the Fund or its increased Commitment deemed accepted at the time that the foregoing conditions are satisfied.
Additional Payments contributed by a Subsequent Closing Partner shall not be treated as Capital Contributions and shall not reduce such Subsequent Closing Partner's Remaining Commitment.
Each Subsequent Closing Partner shall be required to contribute cash to the capital of the Partnership as provided in Section 3.1(c) (Subsequent Closings).
Each Subsequent Closing Partner shall execute such instruments as the General Partner may deem necessary or desirable to admit such Person as an Additional Limited Partner or to increase such Partner’s Capital Commitment, including a Subscription Agreement and counterpart of, or an appropriate supplement to, this Agreement, pursuant to which such Subsequent Closing Partner shall agree to be bound by and comply with all of the terms and provisions hereof.