Excuse Provisions definition

Excuse Provisions are the provisions of the Partnership Agreement and the Side Letters (other than customary excuse and exclusion provisions related to ERISA, bank holding company status or that Partner participation would result in a violation of Applicable Law), which could give rise to an excuse by any Partner, an exclusion by General Partner, or a withdrawal as a matter of right (i.e., not in General Partner’s discretion) and listed on Schedule II.
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Examples of Excuse Provisions in a sentence

  • Except as provided in the Excuse Provisions or otherwise disclosed to Bank pursuant to Section 2.2(d), there are no conditions (a) to each Partner’s obligation to make Capital Contributions to Borrower or General Partner on behalf of Borrower or (b) limiting or reducing any Capital Commitments or the obligation of any Partner to make, or the right of Borrower or General Partner on behalf of Borrower (or Bank acting in accordance with this Agreement) to receive, any Capital Contributions.

  • Other than as set forth in the Excuse Provisions or otherwise disclosed to Bank pursuant to Section 2.2(d), no Partner has the right under the Partnership Agreement to refuse to fund its portion of a Capital Call made for the purpose of the repayment of an Advance based upon the occurrence of the expiration, termination or suspension of the Investment Period prior to the repayment of such Advance.