Common use of Additional Subscriptions; Admission of Members; Increase in Units Clause in Contracts

Additional Subscriptions; Admission of Members; Increase in Units. The Directors, in their discretion, may, from time to time, without a vote of the Members, permit the admission of one or more Additional Members or an increase in the Units of an existing Member, for such type of consideration, including cash or property, at such time or times (including, without limitation, each business day), and on such terms as the Directors may deem best, and may in such manner acquire other assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities) and businesses. An Additional Member shall be an individual, corporation, partnership, estate, trust, university, foundation or other entity that shall represent to the Company and the Board that it is an "accredited investor" as that term is defined in Regulation D under the Securities Act. Subject to applicable Law and the provisions of this Agreement, the Company shall have the right to reject any new or additional subscription for any reason. Such offer and sale of Additional Units shall be subject to the provisions of this Agreement.

Additional Subscriptions; Admission of Members; Increase in Units. The Directors, in their discretion, may, from time to time, without a vote of the Members, permit the admission of one or more Additional Members or an increase in the Units of an existing Member, for such type of consideration, including cash or property, at such time or times (including, without limitation, each business day), and on such terms as the Directors may deem best, and may in such manner acquire other assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities) and businesses. An Additional Member shall be an individual, corporation, partnership, estate, trust, universityuniversit y, foundation or other entity that shall represent to the Company and the Board that it is an "“accredited investor" ” as that term is defined in Regulation D under the Securities Act. Subject to applicable Law and the provisions of this Agreement, the Company shall have the right to reject any new or additional subscription for any reason. Such offer and sale of Additional Units shall be subject to the provisions of this Agreement.