Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document outlines the terms and conditions related to capital calls, defaults, and assignment of partner contributions within a limited partnership agreement. It defines the procedures for handling defaults by limited partners and the rights of the general partner in such situations, including the ability to assign unpaid subscriptions as security for indebtedness.
Metadata
- Subject
- Third Lake Capital - Bifurcated Default
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0095744
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Partnership | Investment | Underlying Fund | Partnership invests in the Underlying Fund |
| General Partner | Management | Partnership | General Partner manages the Partnership |
| Limited Partner | Investor | Partnership | Limited Partner invests in the Partnership |
Notable Quotes 2
If the Partnership fails to contribute all or any portion of any capital call amount set forth in a funding notice received from the Underlying Fund as and when due (an "Access Fund Default"), and such failure results from the failure of one or more Limited Partners (each such Limited Partner. a "Defaulting Access Fund Investor") to make full payment in respect of any capital call issued by the Partnership (regardless of whether or not such Defaulting Access Fund Investor is also a "Defaulting Partner" for purposes of this Agreement), then the general partner of the Underlying Fund has contractually agreed with the General Partner to only treat the Partnership as a "Defaulting Partner" (as defined in the limited partnership agreement of the Underlying Fund (an "Underlying Fund Defaulting Partner")) with respect to the portion of the Partnership's interest in the Underlying Fund that has defaulted
The General Partner is hereby specifically authorized to assign to a third party as security for indebtedness or other obligations of the Partnership (i) all or a portion of the aggregate unpaid Subscriptions of the Limited Partners and (ii) all of the Partnership's and the General Partner's rights relating to the unpaid Subscriptions, including without limitation, the right to deliver notices, to receive payment of Subscriptions, to exercise all rights of the Partnership with respect to unpaid Subscriptions and to enforce all remedies against Limited Partners that fail to fund their respective unpaid Subscriptions pursuant to and in accordance with the terms of this Agreement; provided that the liability of the Limited Partners to make contributions shall not be increased thereby.
Financial Information
Assets:
- Subscriptions of the Limited Partners
Transactions:
- Capital calls
- Assignment of Partner Contributions
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 7
Third Lake CapitalGlendower Accetec Secondary Opportunities IV (U.S.). L.P.PartnershipUnderlying FundGeneral PartnerParallel Access FundFeeder Fund
Text Analysis
- Tone
- Legal
- Purpose
- To define the terms and conditions related to capital calls, defaults, and assignment of partner contributions within a limited partnership agreement.
- Significance
- This document outlines the procedures for handling defaults by limited partners and the rights of the general partner in such situations.
File Info
- File Name
- EFTA01391028.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:46.421579
- DOJ Source
- View on DOJ