|
English: Key Man Clause
Definition: refers core members when designated fund management team death or leave the Fund, the Fund will invest suspend or dissolve and liquidate.
Interpretation: Exit key figure, leave or change, may have a significant impact on the operation of the Fund. Generally refers to the key people in the fund raising, project acquisition, investment decisions, value-added services, investment and other important aspects to exit the core members of the team to play a key role. Therefore, the key man clause is usually essential clauses private equity fund limited partnership agreement. Different protocols differ on key provisions of human terms, generally refers to the key personnel may not leave during the entire existence of the fund, or the LP to suspend the right to request funds and subsequent investment funding commitments, if not within the prescribed period on a replacement agreement, the Fund will be dissolved and liquidated. The key person can have one or more specific provisions will also affect the number of different protocols; if more than one key, even if one of them to leave, do not necessarily have a significant impact on the operation of the Fund.
|
Localhost:Home > Fund Investment >Detail
