Subsequent Investment Program Sample Clauses

Subsequent Investment Program. If, at the end of the Investment Term, the General Partner launches a follow-on investment program substantially similar to the investment strategy of the Partnership, the Limited Partner may elect, in its sole discretion, to be an investor in such follow-on investment program on the following terms and conditions: (a) the General Partner and the Limited Partner, or their respective Affiliates, will participate ratably in accordance with their respective ownership interest in such follow-on investment program in the promoted interest to be received from any other investors in such program; (b) the Limited Partner shall commit to make a capital investment at least equal to the higher of (i) $50 million and (ii) 20% of the program’s initial committed equity; (c) the third party investor(s) in such program must be committed to contribute no less than 33% of the program’s initial committed equity; (d) the other relevant terms shall be based on the then current market conditions to the extent they differ from the Partnership’s terms; (e) the investment objectives of the new program shall be similar to the Partnership’s investment objectives; and (f) the Limited Partner shall not, prior to the initial closing of such program, have transferred more than 50% of its Interest in the Partnership to one or more third parties.