Limited Partner Recontribution Obligations; Residual Liabilities Sample Clauses

Limited Partner Recontribution Obligations; Residual Liabilities. To the extent that the Remaining Capital Commitments of the Partners are insufficient to satisfy the Fund’s obligations, including those incurred pursuant to Section 5.8 and those incurred in connection with the disposition of an investment in a Portfolio Company (including obligations to indemnify others in connection with such disposition (including purchasers of such investments or underwriters)), then upon call therefor made by the General Partner, the Partners shall recontribute to the Fund (or to the General Partner if the Fund has ceased to exist) distributions received by them, including Final Distributions, in order to fund the Fund’s payment of such obligations; provided that (a) no call therefor may be made after the third (3rd) anniversary of the date of the Final Distribution except to fund such liability or obligation (i) that the General Partner or Fund is in the process of litigating, arbitrating or otherwise settling as of such third anniversary date and (ii) with respect to which the General Partner has delivered to the Partners prior to such anniversary date written notice of such litigation, arbitration or settlement process; and (b) the amount of such recontribution obligation shall not exceed (i) in the case of the General Partner or any Limited Partner (other than the Special Limited Partner), twenty-five percent (25%) of the aggregate amount of the distributions received by such Limited Partner from the Fund, excluding distributions that restore a Limited Partner’s Capital Commitment. and
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