EFTA01393807.txt Text dataset_10 View on DOJ

This document is an excerpt from the amended and ratified limited partnership agreement for Glendower Accetec Secondary Opportunities IV (U.S.). L.P., focusing on the handling of defaults by limited partners and the assignment of partner contributions. It outlines the procedures for dealing with situations where limited partners fail to meet capital call obligations and the general partner's authority to assign unpaid subscriptions as security for the partnership's debts.

Subject

Glendower Accetec Secondary Opportunities IV (U.S.). L.P. Amended and Ratified limited Partnership Agreement

Sender

—

Recipients

—

Document ID

DB-SDNY-0099609

Date

—

"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."

• Potential for default penalties to be allocated solely to Defaulting Access Fund Investors.
• Assignment of unpaid subscriptions to a third party as security for indebtedness.

• Defaulting Access Fund Investor penalties

Financial transactions/money flowLegal matters/litigationBusiness dealings

Forrestal Capital LLCGlendower Accetec Secondary Opportunities IV (U.S.). L.P.Underlying FundParallel Access FundFeeder Fund

Tone

Professional

Purpose

To define the terms and conditions of the limited partnership agreement, particularly regarding default scenarios and assignment of partner contributions.

Significance

This document outlines the legal and financial obligations of the partners in the Glendower Accetec Secondary Opportunities IV (U.S.). L.P. fund, especially concerning defaults and assignment of contributions.

File Name

EFTA01393807.txt

Dataset

dataset_10

Type

Text

Model

gemini-2.0-flash-001

Processed

2026-02-07T18:43:41.353662

DOJ Source

View on DOJ