Common use of Credit Facility Documents Clause in Contracts

Credit Facility Documents. The LP represents to the General Partner that, as of the LP’s initial Closing Date, it is subject to an internal policy generally applicable to all of its private equity fund investments to the effect that it must have a provision in a side letter or other documents limiting or setting forth its ability to execute documents for the benefit of a Lender. Based solely on the foregoing representation by the LP and the LP’s specific request made prior to the LP’s initial Closing Date, the General Partner agrees that, notwithstanding clause (ix) of Section 5.4(b) of the Partnership Agreement, the LP shall not be obligated to provide or deliver any acknowledgement, confirmation, consent, agreement, representation or warranty to any actual or prospective Lender other than a confirmation of the LP’s Capital Commitment and Unpaid Capital Obligation.

Appears in 1 contract

Sources: Limited Partnership Agreement

Credit Facility Documents. The LP represents to the General Partner that, as of and the LP’s initial Closing Date, Partnership that it is subject to an internal policy generally applicable to all each of its private equity fund investments to the effect that it must have a provision in a side letter or other documents agreement with such private fund limiting or setting forth its the LP’s ability to execute documents for the benefit of a Lender. Based solely on the foregoing representation by the LP and the LP’s specific request made prior to the LP’s initial Closing Date, the General Partner agrees that, notwithstanding clause (ix) of Section 5.4(b) of the Partnership Agreement, the LP shall not be obligated to provide or deliver any acknowledgement, confirmation, consent, agreement, representation or warranty to any actual or prospective Lender other than a confirmation of the LP’s Capital Commitment and Unpaid Capital Obligation.

Appears in 1 contract

Sources: Investment Agreement