Examples of Defaulting Investor in a sentence
In addition, the Directors may at their discretion prohibit such Defaulting Investor from making further Capital Commitments.
A Defaulting Investor will not, under any circumstances, be relieved from any of its obligations under or in relation to its Units or the Offering Documents, including, without limitation, satisfaction of its obligation to meet further drawdowns of Sub-Fund Capital Commitments and any restrictions on the transfer and redemption of Units.
A Defaulting Investor shall also forfeit all rights to all the monies payable in respect of any Shares and not paid before the default.
Whenever the vote, consent or decision of the Defaulting Investor is required or permitted pursuant to the Instrument, unless otherwise agreed by the Directors and the Defaulting Investor or required by Irish law, a Defaulting Investor shall not be entitled to participate in such vote, or to make such decision, and such vote or decision shall be tabulated or made as if such Defaulting Investor were not a Shareholder.
Notwithstanding anything to the contrary in this Subscription Agreement, the Company will hold the Defaulting Investor responsible for all fees and expenses, including without limitation, attorneys’ fees or sales commissions, incurred as a result of the default.