Defaulting Partner

Example Definitions of "Defaulting Partner"
Defaulting Partner. As to the Guarantor, any Partner who or which (a) is considered a "Defaulting Limited Partner" under the terms of the Partnership Agreement or (b) fails to pay any Capital Call Obligation on or before the fifteenth (15th) Business Day following the date on which the General Partner requires such payment pursuant to a written notice of a Capital Call to such Partners, unless and until such failure to pay any such Capital Call Obligation is subsequently cured or waived with the consent of, and to... the satisfaction of, the General Partner and the Lender. View More Arrow
Found in DSL NET INC contract
Defaulting Partner. As Means, as to the any Guarantor, any Partner who or which (a) is considered a "Defaulting Limited Partner" or "Defaulting Member", as the case may be, under the terms of the applicable Partnership Agreement or (b) fails to pay any Capital Call Obligation on or before the fifteenth (15th) Business Day following the date on which the applicable General Partner requires such payment pursuant to a written notice of a Capital Call to such Partners, unless and until such failure to pay any such... Capital Call Obligation is subsequently cured or waived with the consent of, and to the satisfaction of, the such General Partner and the Lender. View More Arrow
Found in DSL NET INC contract
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