Common use of Capital Commitment Clause in Contracts

Capital Commitment. You agree to purchase Interests for an aggregate purchase price equal to the portion of your requested capital commitment to the Fund that is accepted by the Fund (“Commitment”) under the terms and conditions set forth herein. You agree to purchase Interests (up to the amount of your Undrawn Commitment, as defined below) each time the Fund delivers a drawdown notice, which will be delivered (including by email) in respect of such Commitment at least 10 calendar days prior to the required funding date (“a Capital Call Deadline”) (except that an initial funding may be required immediately upon the Initial Closing Date (as defined below). New Interests will be issued on each Drawdown Date in respect of such drawdown. A “Drawdown Date” is each date on which an Interestholder purchases Interests from the Fund, and the Fund issues Interests to an Interestholder.

Capital Commitment. You agree to purchase Interests for an aggregate purchase price equal to the portion of your requested capital commitment to the Fund that is accepted by the Fund (“Commitment”) under the terms and conditions set forth herein. You agree to purchase Interests (up to the amount of your Undrawn Commitment, as defined below) each time the Fund delivers a drawdown notice, which will be delivered (including by email) in respect of such Commitment at least 10 calendar days prior to the required funding date (“a Capital Call Funding Deadline”) (except that an initial funding may be required immediately upon the Initial Closing Date (as defined below)). New Interests will be issued on each Drawdown Date in respect of such drawdown. A “Drawdown Date” is each date on which an Interestholder purchases Interests from the Fund, and the Fund issues Interests to an Interestholder.