Total Capital Commitments definition
Examples of Total Capital Commitments in a sentence
The Fund may not invest in the Prohibited Sectors or more than the Maximum Portfolio Investment Percentage of Total Capital Commitments in any single Portfolio Company.
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.
Receipt by the Agent of a certificate executed by an officer of the general partner of the General Partner on behalf of the Sponsor, in form and substance satisfactory to the Agent, stating that the aggregate Total Capital Commitments of all Limited Partners as of the Amendment No. 5 Effective Date equals or exceeds the sum of (i) the Investment Commitment plus (ii) all other Obligations of the Sponsor.
Notwithstanding the foregoing, without the consent of any Limited Partner, the General Partner may amend the Schedule of Partners or Schedule B to reflect the admission to the Partnership of Substituted Limited Partners or changes validly made in the Total Capital Commitments or Subject Companies and may amend this Agreement as to matters solely of administrative convenience, which the General Partner deems to be immaterial.
Regardless of these factors, the Class A Members will be required to pay the Management Fees based on the Total Capital Commitments during the first three years of the Fund.
Receipt by the Agent of a certificate executed by an officer of the general partner of the General Partner on behalf of the Fund, in form and substance satisfactory to the Agent, stating that the aggregate Total Capital Commitments of all Limited Partners as of the Amendment No. 4 Effective Date equals or exceeds the sum of (i) the Investment Commitment plus (ii) all other Obligations of the Fund.
In its sole discretion, General Partner may cause Fund to enter into short term loans for a non-renewable term of no longer than 120 days to borrow up to 15% of the Total Capital Commitments, pending receipt of proceeds from Capital Call Notices.
The General Partner shall strive to invest the Total Capital Commitments into the projects which may comply with the above investment target and the investment restriction within the time horizon.
After the expiry of the time horizon, the remaining part of the Total Capital Commitments shall be distributed among all the Partners by the General Partner according to Article 9, unless acquiring the Limited Partners’ approval on extending the time horizon.
Each Partner will bear its pro rata share of Organizational Expenses based on its aggregate Capital Commitments as it relates to Total Capital Commitments.