GP Persons Sample Clauses

GP Persons. (a) The General Partner shall cause one or more GP Persons to purchase Initial Subscriptions with Initial Subscription Commitments totaling at least the lesser of (i) one percent (1%) of the sum of all the Initial Subscription Commitments that have theretofore been accepted by the Partnership or (ii) $5,000,000.00 (the “GP Affiliate Commitment”). For purposes of the foregoing, (x) in the case of an entity specifically formed for the purpose of purchasing an Initial Subscription that is not itself a GP Person, a GP Person owning an interest in such entity shall be treated as having purchased an Initial Subscription Commitment equal to such Person’s proportionate share (based on ownership of such entity) of such entity’s Initial Subscription Commitment, and (y) in the case of an In Kind Contribution made by a GP Person in accordance with Section 3.2 and Section 4.4 (as applicable) during the Initial Subscription Period, such GP Person shall be treated as having provided an Initial Subscription Commitment in an amount equal to the amount of the Capital Contribution of such In Kind Contribution determined as provided in Section 4.5.
Sample 1
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Related to GP Persons

  • Entities If the undersigned is not an individual but an entity, the individual signing on behalf of such entity and the entity jointly and severally agree and certify that:

  • Members (a) A Person shall be admitted as a Member and shall become bound by, and shall be deemed to have agreed to be bound by, the terms of this Agreement if such Person purchases or otherwise lawfully acquires any Share, and such Person shall become the Record Holder of such Share, in accordance with the provisions of this Agreement. A Member may be a Class A Member, a Class B Member and or Class C Member, and, in such case, shall have the rights and obligation accorded to the Class A Ordinary Shares with respect to such Class A Ordinary Shares or the rights and obligation accorded to the Class A Preferred Shares with respect to such Class A Preferred Shares, as applicable, the rights and obligations accorded to the Class B Ordinary Shares with respect to such Class B Ordinary Shares and the rights and obligations accorded to the Class C Ordinary Share with respect to such Class C Ordinary Share. A Person may become a Record Holder without the consent or approval of any of the Members and without physical execution of this Agreement. A Person may not become a Member without acquiring a Share.

  • Key Persons A. If both parties have designated that certain individual(s) are essential to the services offered, the parties agree that should such individual(s) leave their employment during the term of this Contract for whatever reason, the State shall have the right to terminate this Contract upon thirty (30) days’ prior written notice.

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Interested Parties The Issuing Entity and each other party identified or described in the Pooling Agreement or the Further Transfer Agreements as having an interest as owner, trustee, secured party or holder of Securities.

  • Persons reference to any Person includes such Person's successors and assigns but, if applicable, only if such successors and assigns are permitted by this Agreement or such other Loan Document, as the case may be, and reference to a Person in a particular capacity excludes such Person in any other capacity;

  • Project partners and partnership agreements 1. A project may be implemented in a partnership between the Project Promoter and project partners as defined in paragraph 1(w) of Article 1.6

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • Substituted Parties Any transfer in which the Transferee becomes a fully substituted Member is not permitted unless and until:

  • Partners If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

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