Nassau New York Clauses Relating to Capital Calls

Name: Nassau New York Clauses Relating to Capital Calls
Brand: US Legal Forms
Rating: 4.62 (318 reviews)

Category:

Partnerships - Drafting Joint Venture Agreements

State:

Multi-State

County:

Nassau

Control #:

US-P0607-2BAM

Format:

Instant download

Description

This sample form, containing Clauses Relating to Capital Calls document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.

California Timber Sale Contract

View this form

Schedule C, Disbursements, Conservatee's R...

View this form

How to fill out Nassau New York Clauses Relating To Capital Calls?

Are you looking to quickly draft a legally-binding Nassau Clauses Relating to Capital Calls or maybe any other document to manage your personal or corporate affairs? You can go with two options: hire a professional to write a valid paper for you or draft it completely on your own. The good news is, there's a third option - US Legal Forms. It will help you receive neatly written legal paperwork without having to pay sky-high prices for legal services.

US Legal Forms provides a huge catalog of more than 85,000 state-compliant document templates, including Nassau Clauses Relating to Capital Calls and form packages. We offer templates for a myriad of life circumstances: from divorce papers to real estate document templates. We've been on the market for more than 25 years and gained a spotless reputation among our clients. Here's how you can become one of them and obtain the needed document without extra hassles.

To start with, double-check if the Nassau Clauses Relating to Capital Calls is tailored to your state's or county's regulations.
If the document includes a desciption, make sure to check what it's intended for.
Start the searching process again if the form isn’t what you were seeking by utilizing the search box in the header.
Choose the plan that best suits your needs and move forward to the payment.
Choose the format you would like to get your document in and download it.
Print it out, fill it out, and sign on the dotted line.

If you've already registered an account, you can simply log in to it, locate the Nassau Clauses Relating to Capital Calls template, and download it. To re-download the form, just go to the My Forms tab.

It's effortless to find and download legal forms if you use our catalog. Moreover, the templates we offer are reviewed by industry experts, which gives you greater peace of mind when writing legal matters. Try US Legal Forms now and see for yourself!

Form Rating

4.62

Satisfied(318)

Form popularity

FAQ

An LP who can't meet a capital call is considered in default and is potentially subject to penalties and legal liability. Generally, the fund manager determines which penalties outlined in the LPA, if any, to apply in any particular situation.

A capital call (also known as a draw down or a capital commitment) is a legal right of an investment firm or an insurance firm to demand a portion of the money promised to it by an investor.

If an LP's interest is forfeited it generally loses any rights to future distributions (other than, perhaps, a deferred right to receive some or all of the amounts it has previously paid to the fund). Its commitment is canceled and the fund size reduces accordingly.

Private equity firms typically issue capital calls when an investment deal has been reached and is nearing close. Investors have a predetermined amount of time, which is usually between a week and 10 days, to provide the funds. Once investors provide the funds they are repaid later on with capital contributions.

What Happens if an LP Can't Meet a Capital Call? An LP who can't meet a capital call is considered in default and is potentially subject to penalties and legal liability. Generally, the fund manager determines which penalties outlined in the LPA, if any, to apply in any particular situation.

Examples that will trigger a capital call include renovations that exceed budget, unanticipated repairs or capital projects, and/or a recessionary environment that stymies demand and leads to insufficient revenue to cover property expenses.

Deferred Capital Call means a resolution approved by the board of directors of the Borrower which allows the Borrower to require equity contributions to be made in an aggregate amount equal to $6,000,000, with the Borrower having discretion over the timing of the actual cash call.

Consequences of default The LPA will typically provide for some time period for the defaulting LP to cure its default and the GP will usually have the power to assess penalty interest on late payment. Most default scenarios would usually end here.

The capital calls are negative and red to reflect they are cash outflows for LPs, and the distributions are positive and green to indicate they are cash inflows to the LPs. The black line shows the net cash flows for the Fund.

Interesting Questions

More info

And related lender rights. How do I fill in the forms?File a valid return. In addition to any penalty contained in any other provision of law, an Authority director or employee who knowingly and intentionally violates any of the. To furnish all material and labor necessary to carry out the provisions of the Contract and to complete the work for the consideration set forth in his bid. SUBTITLE A—PROVISIONS RELATING TO MAJOR DEFENSE ACQUISITION. PROGRAMS. Sec. 801.

Nassau New York Clauses Relating to Capital Calls

Description

Related forms

Viewed forms

How to fill out Nassau New York Clauses Relating To Capital Calls?

Show more info

Form Rating

Form popularity

FAQ

What happens when you can't meet a capital call?

What is subject to a capital call?

What happens when an LP defaults?

How long does a capital call take?

What if LP does not meet their capital commitments?

What triggers a capital call?

What is a deferred capital call?

What happens if an LP defaults on a capital call?

What is a negative capital call?

Interesting Questions

What is a Nassau clause?

What does a Nassau clause relate to?

What are capital calls?

Why would an issuer make a capital call?

How does a Nassau clause work?

Can the issuer make capital calls whenever they want?

More info

Trusted and secure by over 3 million people of the world’s leading companies