Examples of DLC GP in a sentence
Provided that the average invested capital of Holder in Fund I and DLC GP during the period commencing on the date that is six months following the Initial Closing Date and terminating on the date that is two years following the Initial Closing Date is at least equal to $50,000,000, Holder shall vest in the Warrant Shares in accordance with its Vesting Percentage.
Except as otherwise disclosed to Investor, prior to the date hereof, neither Fund I nor DLC GP has entered into any agreement, whether written or oral, other than the Fund I LPA or a subscription agreement, with any Person in connection with the acquisition by such Person of a limited partner interest in Fund I.
In the event Holder thereafter makes additional Capital Contributions of $10,000,000, bringing the Capital Contributions to $70,000,000 (regardless of how much of the Capital Contributions remain invested in Fund I and DLC GP), Holder shall be 93.33% ($70,000,000/$75,000,000) vested in the Warrant Shares, and, thus, shall be entitled to purchase an additional 66,650 shares of Common Stock at $10.00 per share.
To the extent there is any conflict between this Agreement and the limited partnership agreement of Fund I (including, without limitation, any side letter relating thereto), the DLC GP Agreement or the Advisory Agreement, the provisions of this Agreement shall apply with respect to the parties hereto.
Within 120 days after the end of each fiscal year, DLC GP shall use its reasonable best efforts to deliver to Investor a Schedule K-1 in respect of its Fund I interest, provided that if DLC GP is unable to deliver the Schedule K-1 within such period, DLC GP shall notify Investor and provide the Schedule K-1 to Investor no later than 150 days after the end of such fiscal year.
Effective as of the date hereof, DLC GP and the Fund hereby release all partners (including for the avoidance of doubt DLC GP) of the Fund and all members of DLC GP from their unfunded (as of the date hereof) capital commitments to the Fund and/or DLC GP.
The first sentence of Section 2(d) of Warrant B is hereby deleted and replaced in its entirety with the following sentence: Provided that the average invested capital of Holder in Fund I and DLC GP during the period commencing on the date that is nine (9) months following the Initial Closing Date and terminating on the date that is twenty-seven (27) months following the Initial Closing Date is at least equal to $50,000,000, Holder shall vest in the Warrant Shares in accordance with its Vesting Percentage.
Except as set forth in Sections 6, 8, 9, and 12 which shall survive indefinitely and except expressly set forth herein, this Agreement shall terminate on the date when the Investor no longer has any interest in, or any obligation in respect of, Fund I or DLC GP.
For the avoidance of doubt, the parties hereto agree that DLC GP is an Affiliate of DCM.
The first sentence of Section 2(d) of Warrant A is hereby deleted and replaced in its entirety with the following sentence: Provided that the average invested capital of Holder in Fund I and DLC GP during the period commencing on the date that is nine (9) months following the Initial Closing Date and terminating on the date that is twenty-seven (27) months following the Initial Closing Date is at least equal to $50,000,000, Holder shall vest in the Warrant Shares in accordance with its Vesting Percentage.