How does Limited Operations Mode affect in-flight investments and already-issued capital call notices?
I am working through the Cornerstone LPA as part of Venture Institute Sprint 6 (splitting my earlier combined question into separate posts for easier answering).
Limited Operations Mode suspends the management fee and removes the obligation to meet capital calls. In practice, how are in-flight investments and already-issued capital call notices handled when Limited Operations Mode begins mid-cycle?
Thank you for any practical guidance or examples.
Limited Operations Mode suspends the management fee and removes the obligation to meet capital calls. In practice, how are in-flight investments and already-issued capital call notices handled when Limited Operations Mode begins mid-cycle?
Thank you for any practical guidance or examples.