Interpretation of Limitations Sample Clauses

Interpretation of Limitations. Following the Final Closing Date and subject to compliance with the preceding sentence, the General Partner shall not be in breach of any of the limitations set forth in this Section 2.2 with respect to Portfolio Investments made on or before the Final Closing Date and shall not be required to dispose of all or any portion of such Portfolio Investments in order to comply with such limitations. The limitations set forth in this Section 2.2 shall be measured contemporaneously with the Capital Call Notice for such Investment or, if earlier, the date of such Portfolio Investment, shall be subject to the good faith interpretation of the General Partner and may be waived or modified by the General Partner with the consent of the Advisory Committee. In calculating the amount of the Fund’s Investment for the purpose of the limitations set forth in this Section 2.2, (a) any such investments made by any Alternative Vehicles will be included in such calculation and (b) the Applicable Portion of any guarantees by the Fund of Portfolio Company indebtedness pursuant to Section 6.3.1(c) will be included with the Investment of the Fund in the relevant Portfolio Company.
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Interpretation of Limitations. For purposes of this ARTICLE 10, any qualification of a representation and warranty by the words “material” or “Material Adverse Effect” or similar variations on the term “material” shall be disregarded for purpose of determining the amount of Damages resulting from a breach of such representation and warranty, but not for the purpose of determining whether any such breach has occurred.

Related to Interpretation of Limitations

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • Interpretation and Governing Law This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement, all parties having been represented by counsel in the negotiation and preparation hereof.

  • Interpretation; Governing Law This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without regard to the conflict of laws principles thereof.

  • Governing Law; Interpretation This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts, without regard to conflict of law principles. In the event of any dispute, this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either you or the Company or the “drafter” of all or any portion of this Agreement.

  • Interpretation and Rules of Construction In this Agreement, except to the extent otherwise provided or that the context otherwise requires:

  • Interpretation of Terms In the provisions herein contained attaching to the Series 7 Preferred Limited Partnership Units:

  • SEVERABILITY AND INTERPRETATION If a provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall nonetheless be enforceable according to their terms. Further, in the event that any provision is held to be overbroad as written, such provision shall be deemed amended to narrow its application to the extent necessary to make the provision enforceable according to law and enforced as amended.

  • Definitions Interpretations For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following respective meanings:

  • Interpretation and Amendments The Board and the Committee (to the extent delegated by the Board) have plenary authority to interpret this Agreement and the Plan, to prescribe, amend and rescind rules relating thereto and to make all other determinations in connection with the administration of the Plan. The Board or the Committee may from time to time modify or amend this Agreement in accordance with the provisions of the Plan, provided that no such amendment shall adversely affect the rights of the Participant under this Agreement without his or her consent.

  • Certain Definitions; Interpretation (a) For purposes of this Agreement, the following terms shall have the following meanings:

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