Close Period definition
Examples of Close Period in a sentence
Notwithstanding the foregoing, to avoid multiple calculations and/or distributions, the General Partner may aggregate multiple Limited Partners and determine the amounts to be funded pursuant to this Section 3.1(c) on one or more dates occurring prior to or promptly following the expiration or termination of the Initial Close Period.
As of the last day of the Initial Close Period, the Aggregate Commitments of the KKR Investors, in the aggregate shall be an amount equal to at least €220 million (the “KKR Minimum Commitment Threshold”); provided that, from and after the sixth anniversary of the Launch Date, the KKR Minimum Commitment Threshold shall be reduced to €132 million.
The Partnership (or one or more of the Partnership’s subsidiaries) shall pay or reimburse the General Partner, the AIFM, the Management Company or any Person advancing payment of such expenses for the Partnership’s Pro Rata Share (determined as of the expiration of the Initial Close Period) of all Organizational Expenses in an aggregate amount not to exceed the Partnership’s Pro Rata Share of €4,000,000.
An Option can be granted at any time provided that the Date of Grant of an Option is not during a Close Period.
However, if this would be on a day which is on a Close Period, the day on which the Restricted Award vests will be the first Dealing Day following the end of the Close Period.