Term of the Fund. For all purposes, this Agreement shall be effective on and after its date and the Fund shall continue in existence until December 31, 2040, at which time the Fund shall terminate unless sooner terminated under any other provision of this Agreement.
Term of the Fund. (a) Unless dissolved as hereinafter provided, the Fund shall continue in the discretion of the Managing Member.
Term of the Fund. The term of the Fund shall be six (6) years commencing from the date of issue of its business licence (the “End Date”) and the Fund shall be dissolved upon the expiry of the term. Right of early redemption With the consent of the General Partner as the manager of the Fund, the Preferential Limited Partner has the right to redeem its capital commitment in the Fund prior to the End Date. The Intermediate Limited Partner, the Secondary Limited Partners and the General Partner do not have such right of early redemption. Business scope of the Fund: The business scope of the Fund is investment in non-listed companies, and investment in listed companies which are not offered to the public, and activities related to such investments. Application of the Fund: The Capital Commitment received by the Fund will be used to acquire 100% equity interest in the Project Company and to finance the Project Company’s operation.
Term of the Fund. The Sustainability Trust Fund will have an indefinite term, being guided by the purpose and objectives established in these bylaws.
Term of the Fund. The Fund has a term of six (6) years, with an option for the General Partner to extend the term for up to two additional 12-month periods (the “Term”). Use of proceeds by the Fund The proceeds to be raised from the Limited Partners (including Pure Goal) will be used by the Fund for the purpose of investing in the Property Project. Termination of the Fund The Fund will be terminated upon the earliest of:
Term of the Fund. The term of the Fund commenced on the Effective Date and shall continue until the tenth (10th) anniversary of the Final Closing Date unless sooner dissolved in accordance with Article XII; provided, however, that such period may be extended
Term of the Fund. The Fund is formed for an indefinite period of time but shall terminate upon the occurrence of any of the events set forth in Clause 15.1.1. 3 INVESTMENT OBJECTIVES, INVESTMENT STRATEGY AND INVESTMENT RESTRICTIONS. BORROWINGS AND DERIVATIVES
Term of the Fund. 4 ARTICLE III SHARES............................................4
Term of the Fund. Unless dissolved as provided herein, the Fund shall continue without limitation of time. Subject to the voting powers of the Feeder Funds, the Fund may be dissolved at any time (a) by the vote of Feeder Funds holding at least three-fourths of the outstanding Shares of the Fund entitled to vote (except if such dissolution is recommended by at least three-fourths of the total number of Managers then in office and by at least three-fourths of the total number of Continuing Managers then in office, the vote of a majority of the outstanding Shares of the Fund shall be sufficient authorization); or (b) by the Managers by written notice to the Feeder Funds, provided that at least three-fourths of the total number of Managers then in office and at least three- fourths of the total number of Continuing Managers then in office have approved such action. Upon dissolution of the Fund, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Fund as may be determined by the Managers and in accordance with the Act and this Agreement, the Fund shall, in accordance with such procedures as the Managers consider appropriate, reduce the remaining assets of the Fund to distributable form in cash or Shares or other property, or any combination thereof, and distribute the proceeds to the Feeder Funds in accordance with The Capital Account Establishment and Maintenance Policies of the Fund. Upon dissolution of the Fund, following completion of the winding up of its business, the Managers shall cause a certificate of cancellation of the Certificate to be filed in accordance with the Act, which certificate of cancellation may be executed and filed by any one of the Managers.
Term of the Fund. The term of the Fund will commence on or around April 8, 2014 and will end when the Fund dissolves in accordance with the terms of the Limited Partnership Agreement, including at any time at the election of at least 75% in interest of the Limited Partners. The Limited Partners are not generally permitted to sell, assign, pledge or otherwise transfer their interest in the Fund without the prior written consent of the General Partner.
