Common use of Venture Capital Operating Company Clause in Contracts

Venture Capital Operating Company. At any time that a Limited Partner is subject to Title I of ERISA and twenty-five percent (25%) or more in interest of all Limited Partners (as measured by their aggregate Capital Accounts) are “benefit plan investors” (within the meaning of Department of Labor Regulation § 2510.3-101(f)(2), 51 Fed. Reg. 41,282 (November 13, 1986) or any amendment or successor regulation), the Partnership will use its commercially reasonable best efforts to ensure that the Partnership qualifies as a “venture capital operating company” (within the meaning of Department of Labor Regulation § 2510.3-101(d), 51 Fed. Reg. 41,281 (November 13, 1986) or any amendment or successor regulation).

Venture Capital Operating Company. 8 At any time that a Private Limited Partner is subject to Title I of ERISA and twenty-five percent (25%) % or more in interest of all Private Limited Partners (as measured by their aggregate Capital Accounts) are “"benefit plan investors” " (within the meaning of Department of Labor Regulation § 2510.3-101(f)(2), 51 Fed. Reg. 41,282 (November 13, 1986) or any amendment or successor regulation), the Partnership will use its commercially reasonable best efforts to ensure that the Partnership qualifies as a “"venture capital operating company” " (within the meaning of Department of Labor Regulation § 2510.3-101(d), 51 Fed. Reg. 41,281 (November 13, 1986) or any amendment or successor regulation).. Management

Venture Capital Operating Company. 8 At any time that a Limited Partner is subject to Title I of ERISA and twenty-five percent (25%) % or more in interest of all Limited Partners (as measured by their aggregate Capital Accounts) are “"benefit plan investors” " (within the meaning of Department of Labor Regulation § 2510.3-101(f)(2), 51 Fed. Reg. 41,282 (November 13, 1986) or any amendment or successor regulation), the Partnership will use its commercially reasonable best efforts to ensure that the Partnership qualifies as a “"venture capital operating company” " (within the meaning of Department of Labor Regulation § 2510.3-101(d), 51 Fed. Reg. 41,281 (November 13, 1986) or any amendment or successor regulation).. Management

Venture Capital Operating Company. At any time that a Private Limited Partner is subject to Title I of ERISA and twenty-five percent (25%) % or more in interest of all Private Limited Partners (as measured by their aggregate Capital Accounts) are “benefit plan investors” (within the meaning of Department of Labor Regulation § 2510.3-101(f)(2Section 2510.3101(f)(2), 51 Fed. Reg. 41,282 (November 13, 1986) or any amendment or successor regulation), the Partnership will use its commercially reasonable best efforts to ensure that the Partnership qualifies as a “venture capital operating company” (within the meaning of Department of Labor Regulation § 2510.3-101(d2510.3101(d), 51 Fed. Reg. 41,281 (November 13, 1986) or any amendment or successor regulation).