This excerpt taken from the GHL 8-K filed Apr 5, 2005.
Contribution Date), net of any payments received by the General Partner prior to the Contribution Date in respect of such Pre-Closing Investment. Each Limited Partner admitted on or prior to the Contribution Date shall, on or prior to the date on which such Limited Partner is admitted, make Capital Contributions in accordance with Section 5.01 with respect to such Pre-Closing Investments and any additional Capital Contributions as may be requested by the General Partner for Temporary Cash Funds. As of the Contribution Date, each Partner will be deemed to have made an investment in each Pre-Closing Investment, and the Invested Capital of each Partner will be equal to its Available Commitment Percentage of the Designated Amount for such Pre-Closing Investment. The amounts contributed to the Partnership by the Limited Partners in respect of any Pre-Closing Investment shall be distributed promptly to the General Partner until the General Partner has received an amount equal to 99% of the Designated Amount.
(d) At any time during the Admission Period, the General Partner may cause the Partnership to admit additional Limited Partners or to allow any existing Limited Partner to increase its original Capital Commitment. Limited Partners admitted to the Partnership during the Admission Period on any Closing Date other than the first Closing Date, shall participate in Partnership Investments made and Partnership Expenses incurred prior to its admission. In addition, at any time after the Admission Period during the Commitment Period, the General Partner may cause the Partnership to admit additional Limited Partners; provided that the General Partners Capital Commitment shall be reduced by the amount of any such Limited Partners Capital Commitment. Limited Partners admitted to the Partnership after the Admission Period during the Commitment Period, shall not participate in Partnership Investments made and Partnership Expenses incurred prior to its admission. A Person shall become such an additional Limited Partner (and shall be shown as such on the books and records of the Partnership) upon execution and delivery by (or, pursuant to a power of attorney, on behalf of)
such Person and the General Partner of counterparts of this Agreement, subject to the terms of this Section 1.07. Neither the admission of any additional Limited Partner to the Partnership nor the increase in the original Capital Commitment of any existing Limited Partner pursuant to this Section 1.07 shall require the approval of any Limited Partner existing immediately prior to such admission or increase.
(e) Any additional Limited Partner admitted to the Partnership during the Admission Period on any Closing Date other than the first Closing Date (and, to the extent of any increase in its Capital Commitment on any such subsequent Closing Date, any Limited Partner so increasing its Capital Commitment) (each such Limited Partner, a