Examples of Remaining Commitment in a sentence
Each Partner shall contribute cash to the Fund as set forth herein, provided that no Limited Partner shall be required to make any Capital Contribution to the Fund at any time that exceeds its Remaining Commitment at such time.
Remaining Commitment means in respect of a Fund which is either closed-ended or open-ended with limited liquidity, if so determined by the Directors, with respect to any Shareholder as of any date, the excess, if any of (i) such Shareholder’s Capital Commitment at such time over (ii) such Shareholder’s aggregate Capital Contributions made prior to such time.
No Limited Partner shall be liable for the debts and obligations of the Fund; provided, however, that each Limited Partner shall be required to pay to the Fund amounts up to its Remaining Commitment pursuant to this Agreement.
Each Limited Partner investing in an Alternative Vehicle shall be obligated to make contributions to such Alternative Vehicle in a manner consistent with that provided by Article 6 (Capital Contributions), and each such Limited Partner’s Remaining Commitment shall be reduced by the amount of such contributions to the same extent as if such contributions were made to the Fund as Capital Contributions.
For the avoidance of doubt, in connection with each Drawdown from the Limited Partners other than a Drawdown pursuant to Section 6.2.4.4, the General Partner shall make Capital Contributions of its pro rata share of the amount required from the Limited Partners determined as if the General Partner were a Limited Partner with an applicable Remaining Commitment.