Excess Conditions Sample Clauses

Excess Conditions. Certain Limited Partners may have limitations on the percentage ownership interest in the Investment Partnership (including, indirectly, its Subsidiaries) they may hold, individually or collectively with other Limited Partners similarly situated (any such ownership interest in excess of such limits shall be referred to as an “Excess Condition”). The General Partner in its sole discretion may permit any such Limited Partner, following the occurrence of an Excess Condition, to withdraw a portion of its interest in the Investment Partnership, or may make other arrangements with the Limited Partner to reduce its interest in the Investment Partnership, in each case to the extent necessary to alleviate the Excess Condition. Notwithstanding the foregoing, the General Partner will use reasonable efforts to not permit an Excess Condition to occur that would result in any such withdrawal or other reduction by an affected Limited Partner. 1051492.09-NYCSR02A - MSW