GP Commitment definition

GP Commitment has the meaning set forth in the SP RE VII Partnership Agreement.
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GP Commitment has the meaning set forth in the SP Infrastructure III Partnership Agreement.
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GP Commitment has the meaning set forth in Section 1.7. “GP Fee” has the meaning set forth in Section 8.15(i).
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Examples of GP Commitment in a sentence

  • General Partner shall make a Capital Commitment to the Fund in cash or property equal to at least the GP Commitment Percentage of the Total Capital Commitments.

  • General Partner shall be required to make a proportionate Capital Contribution in cash in accordance with the GP Commitment Percentage.

  • On or after the GP Commitment Expiration Date, the Special General Partner may withdraw from the Partnership upon 30 days’ advance written notice to the Managing General Partner.

  • For the avoidance of doubt, Deemed Contributions will reduce the Available Capital Commitment and Available Forward Note Purchase Commitment with respect to the GP Commitment but shall not increase the applicable Capital Account and shall be subject to Section 4.5.

  • The Special General Partner may be removed only upon the affirmative vote of the holders of at least 66-2/3% of the Common Units then outstanding, provided that in no event may the Special General Partner be removed prior to the GP Commitment Expiration Date without the consent of the WM Partner.

  • ServiceMaster covenants and agrees that it will not withdraw from the Partnership in the capacity of General Partner before the GP Commitment Expiration Date except the Special General Partner shall have the right to transfer its Partnership Interest pursuant to Section 12.2.

  • The Partnership Interest issued with respect to the GP Commitment shall be a Limited Partner interest.

  • The amounts (if any) apportioned to any Partner in respect of the GP Commitment shall be distributed to such Partner at such time as the distributions to the other Partners under this Clause 6.

  • Where the GP Commitment is made by the General Partner, the General Partner shall also be a Limited Partner with respect to the Partnership Interest issued with respect to the GP Commitment, and to such extent shall be treated as a Limited Partner in all respects (which shall include, without limitation, participation in Investments, the obligation to pay its Sharing Percentage of all Partnership Expenses and costs and expenses relating to any Investment, in each case as a Limited Partner).

  • Notwithstanding anything to the contrary in this Agreement, the Floor Amount of the GP Commitment will be funded in cash, and other Investment Contributions with respect to the GP Commitment will be made as deemed contributions (the “Deemed Contributions”) attributed to the Special Limited Partner.


More Definitions of GP Commitment

GP Commitment means the aggregate capital commitment of the GP Persons to the Partnership.
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GP Commitment. As defined in Section 3.1(g).
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GP Commitment has the meaning given in Clause 4.1.5 (Capital Contributions).
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Related to GP Commitment

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.