Examples of LP Advisory Committee in a sentence
With regard to a Person that is not a Limited Partner, the General Partner may condition such Person’s appointment to the LP Advisory Committee upon such Person’s execution of an agreement to: (i) protect the confidentiality, and limit use, of Confidential Information in the same manner as a Limited Partner; and (ii) make such other acknowledgments for the protection of the Partnership as the General Partner shall reasonably determine to be appropriate.
It is the general intention of the Partners that meetings of the LP Advisory Committee, to the extent reasonably practicable, shall be held telephonically (or in conjunction with meetings of the Partners) in order to minimize travel costs.
LP Advisory Committee members shall not be entitled to compensation from the General Partner or the Partnership for their services as such.
A member of the LP Advisory Committee serving as the designated representative of a Limited Partner shall be deemed an agent of such Limited Partner when acting in such capacity.
Any member of the LP Advisory Committee may, at any time, resign from the LP Advisory Committee or be removed, with or without cause, by the General Partner.
To the fullest extent permitted by law, neither any member of the LP Advisory Committee nor any Limited Partner appointing such member will be deemed a fiduciary of the Partnership or any Partner, the members of the LP Advisory Committee may consider their own interests, and neither any member of the LP Advisory Committee nor any Limited Partner appointing such member will have any fiduciary duties to the Partnership or any Partner.
The costs of any other meeting of the LP Advisory Committee shall not be a Partnership Expense and shall not be reimbursed by the General Partner.
The LP could stipulate that any material amendment to the GP’s responsible investment policy should feature on the meeting agenda of the LP Advisory Committee (LPAC) to avoid situations where a policy may be reduced in scope.
To the extent that a vote, consent, election, determination, approval or other action of any or all the Limited Partners or the LP Advisory Committee would have the effect of limiting the power or authority of the General Partner, such action shall not be effective until the General Partner has received actual (rather than deemed) notice thereof.
If the LP Advisory Committee determines that Blockstack has achieved the First Milestone on the First Evaluation Date, no later than 30 days after the First Evaluation Date the Partnership will transfer to the Seller cash in an amount equal to 40% of the aggregate Capital Contributions of the Limited Partners in exchange for the Milestone Tokens pursuant to and in accordance with the Token Purchase Agreement.