Common use of Based on ERISA Considerations Clause in Contracts

Based on ERISA Considerations. The General Partner may, at any time, cause the Company to purchase all or any portion of the Investor Shares owned by a Limited Partner whose assets are governed by Title I of the ERISA, Code section 4975, or any similar Federal, State, or local law, if the General Partner determines that all or any portion of the assets of the Company would, in the absence of such purchase, more likely than not be treated as "plan assets" or otherwise become subject to such laws.

Appears in 5 contracts

Sources: Limited Partnership Agreement (Energea Portfolio 5 LATAM LP), Limited Partnership Agreement (Energea Portfolio 4 USA LP), Limited Partnership Agreement (Energea Portfolio 3 Africa LP)