Capital ManagementeBook

 
Capital Management
 
 
 
 
 


 

Page 5


Intellectual Capital Management

Partnership by wire transfer or check in installments as set forth in Section 7.2(b) and (d) below.


(b) Simultaneously with its admission into the Partnership, each Limited Partner shall be required to make its initial contribution of capital in an amount equal to ten percent (10)% of such Limited Partner's Required Capital. The date on which such initial capital contribution is due is referred to hereinafter as the Initial Contribution Date.


(c) After the Final Closing Date, no Limited Partners (other than Substitute Limited Partners admitted pursuant to Section 12.2 and persons admitted pursuant to Section 7.2(f)) shall be admitted to the Partnership. Until such date, the General Partner may admit one or more additional Limited Partners ('Additional limited Partners) or accept additional Commitments from any existing Limited Partner, who shall be considered an Additional Limited Partner to the extent of such additional Commitments.


(I) A Person shall be admitted to the Partnership as an Additional Limited Partner upon its execution and delivery of the Agreement and the acceptance by the General Partner of such Person's subscription, on behalf of the Partnership. Upon the admission of any Additional Limited Partner or the making of an additional Commitment by any Limited Partner, the General Partner shall amend Exhibit A to reflect the Commitment of such Limited Partner.


(II) At any such subsequent closing, each Additional Limited Partner in respect of its limited partner interest acquired at such closing shall make a payment to the Partnership equal to (x) the capital that such Partner would have been required to contribute had such Partner been admitted as of the date of this Agreement (or had such Partner increased its Commitment as of the date of this Agreement) plus interest at the Prime Rate plus 8% per annum (compounded annually) from the date on which each such contribution was due; provided, however, that if a matenal change in the value of the Partnership's Permitted




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