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During Limited Operations Mode, is capital calling frozen and are existing portfolio investments still managed?

Section 4.4 lets Limited Partners holding a Requisite Majority (66 2/3% of Commitment Percentages) put the Fund and General Partner into Limited Operations Mode if they claim a Material Breach, and Section 2.2.2(a) says no Capital Contributions shall be required while the Fund is in Limited Operations Mode. During that period: (1) is the GP still able to actively manage and make decisions about existing Portfolio Investments (follow-ons, exits, board seats, etc.), or does its authority freeze too? (2) Since no new capital can be called, what happens to a Portfolio Company that urgently needs a follow-on investment during that 90-day (or extended) window? (3) Practically, how is Limited Operations Mode different from actually removing the GP under Section 5.2 - is it more like a pause or a real loss of GP authority?
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Generally, Limited Operations Mode is best understood as a **pause on new capital deployment**, not an automatic removal of the GP.

- **GP authority:** I cannot confirm from the provided Decile Base materials that GP authority fully freezes. In standard practice, existing portfolio management often continues unless the LPA expressly strips that authority.
- **Capital calls:** If the LPA says no Capital Contributions are required, new follow-on funding may be constrained during that period unless funded from already-held cash, reserves, or another permitted structure.
- **Difference from GP removal:** Practically, it is usually less than removal. Removal is a true change in control; Limited Operations Mode is more like a temporary restriction while a dispute is addressed.

Reference:
- https://decilehub.com/base/1-general_questions/19720-what-is-the-process-for-triggering-limited-operations-mode

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