Examples of Fund Limited Partners in a sentence
The members of the Advisory Council shall be selected by the General Partner from representatives made available by the Fund Limited Partners, but none of such members may be Affiliates or employees of Regency or any of its Affiliates.
Other than the Fund Limited Partners and as specifically set forth in Section 11.3 and Section 11.4 hereof, this Agreement is exclusively for the benefit of the parties hereto and their successors and permitted assigns and this Agreement shall not be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action or other right.
Notwithstanding Section 5.1 hereof, the General Partner may take any action which by the express terms of this Agreement requires the approval of the Fund Limited Partners, including the actions described in Section 8.1, Section 9.1 and Section 12.2(a) if and only if the General Partner receives the approval of the Fund Limited Partners in accordance with the provisions of the Umbrella Agreement.
The General Partner shall promptly notify the Advisory Board of any material amendments to the Allocation Policy and will deliver such updated Allocation Policy to the Limited Partners and Parallel Fund Limited Partners within thirty (30) Business Days of such amendment; provided, that any amendment to the Allocation Policy during the Investment Period shall require Advisory Board approval.
A member of the Advisory Council has no fiduciary duty to the Partnership, any Fund Entity, any Partner or any Fund Limited Partner, and may vote in his/her own interest or in the interest of any Fund Limited Partner which may or may not be aligned with the interests of other Fund Limited Partners.
Other than Transfers to an Affiliate, no Limited Partner shall Transfer all or any of its Units or its interest in the Partnership (or any economic interest therein), and no Transfer other than to an Affiliate shall be registered by the Partnership without the approval of the Fund Limited Partners.
In the event of the establishment of any Parallel Fund, all required thresholds relating to voting and consent rights in this Agreement may, in the General Partner’s discretion, be deemed to reflect aggregate thresholds relating to the Limited Partners and the Parallel Fund Limited Partners (except those that are (x) Affiliates of the General Partner, the Management Company or the Key Persons and (y) defaulting investors pursuant to the constituent documents of such Parallel Fund).
Notwithstanding any other provision in this Agreement, the Aggregate Commitments of the Limited Partners and Parallel Fund Limited Partners (other than any Affiliated Partner or Parallel Fund Affiliated Partner) shall not exceed €400 million.
Subject to the express provisions of this Agreement and the other Fund Governing Documents (including provisions requiring approval of the Advisory Council, the Limited Partners or the Fund Limited Partners over certain matters), the General Partner is authorized to execute, deliver and perform agreements and transactions on behalf of the Partnership without any further act, approval or vote of the Partners to the fullest extent permitted under the Act or other applicable law, rule or regulation.
Notwithstanding anything to the contrary in Section 9.1 above, the General Partner may, following the sixth anniversary of the Initial Closing Date, submit to the Limited Partners and Parallel Fund Limited Partners for their approval a proposal (the “Fund Rollover Proposal”) to extend the term of the Partnership for up to an additional fifteen (15) years (the “Fund Rollover”).