Common use of Excused Limited Partners Clause in Contracts

Excused Limited Partners. 6.7.1 A Limited Partner shall not be required to make any Capital Contributions, or fund any amount from Distributable Proceeds retained pursuant to Section 6.4 (Reinvestment), if the following conditions are met:

Appears in 3 contracts

Samples: ilpa.org, ilpa.org, ilpa.org

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Excused Limited Partners. (a) 6.7.1 A Limited Partner shall not be required to make any Capital Contributions, or fund any amount from Distributable Proceeds retained pursuant to Section 6.4 (Reinvestment.), if the following conditions are met:

Appears in 2 contracts

Samples: Agreement, Agreement

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