Examples of Remaining Commitment in a sentence
Each Partner shall contribute cash to the Fund as set forth herein, provided that no Limited Partner shall be required to make any Capital Contribution to the Fund at any time that exceeds its Remaining Commitment at such time.
Each Limited Partner investing in an Alternative Vehicle shall be obligated to make contributions to such Alternative Vehicle in a manner consistent with that provided by Article 6 (Capital Contributions), and each such Limited Partner’s Remaining Commitment shall be reduced by the amount of such contributions to the same extent as if such contributions were made to the Fund as Capital Contributions.
For the avoidance of doubt, in connection with each Drawdown from the Limited Partners other than a Drawdown pursuant to Section 6.2.4.4, the General Partner shall make Capital Contributions of its pro rata share of the amount required from the Limited Partners determined as if the General Partner were a Limited Partner with an applicable Remaining Commitment.
No Limited Partner shall be liable for the debts and obligations of the Fund; provided, however, that each Limited Partner shall be required to pay to the Fund amounts up to its Remaining Commitment pursuant to this Agreement.
The Remaining Commitment of each Limited Partner shall be increased by any funds or excess amount of funds so returned, and such returned funds or excess shall not be reflected in such Limited Partner’s Capital Account or treated as a Capital Contribution.