Commitment Call definition

Commitment Call is defined in Section 3.1.2.
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Commitment Call means a call made by the General Partner on a Limited Partner to contribute cash to the Partnership pursuant to the Limited Partner’s Commitment, with such call made by the General Partner’s delivery of a notice to the Limited Partner stating (i) the amount of cash being called and (ii) the date such payment is due, which shall be on the last day of a calendar quarter that is not less than ten (10) Business Days from the date such notice is delivered.
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Examples of Commitment Call in a sentence

  • Each Partner must make a Capital Contribution equal to its proportionate share of the total Capital Contributions required of all Partners pursuant to a Capital Commitment Call Notice within ten (10) business days after delivery of such Capital Commitment Call Notice.

  • Each Preferred Member shall be required to contribute the amount set forth in the written Commitment Call by the deadline set forth in the Call.

  • A call for, and delivery of, such funds shall be accomplished in the same manner as the Commitment Call described in item (ii)(A).

  • Provided, however, that the General Partner shall not make a Commitment Call under Initial Subscription Commitments after the Initial Investment Period except as permitted by the Initial Investment Period Call Limitation.

  • Any such loan shall be on an unsecured basis bearing interest at a simple, variable annual rate not exceeding the prime rate as announced by the Wall Street Journal (Southeastern Edition) or its successor, for a term equal to the lesser of (x) one hundred eighty (180) days or (y) the date the Partnership collects the delinquent Commitment Call amount, provided that any such loan shall cease to accrue interest upon the expiration of such term whether or not such loan advance is then repaid.

  • The Manager shall send the Preferred Members a written Commitment Call setting forth the total amount and purpose of the cash contributions to be contributed by Preferred Members, the portion of his/her/its respective Capital Commitment required to be contributed by each Preferred Member, and the final date, not less than 10 Business Days from the date of the written Commitment Call, by which the Preferred Members’ installments are due.

Related to Commitment Call

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.