Common use of ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS Clause in Contracts

ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS. The Board of Directors (or its designated agent) may admit Investors to the Fund from time to time upon the execution by a prospective Investor of an appropriate signature page to this Agreement or upon the completion and execution by a prospective Investor, and the acceptance of the same by the Board of Directors (or its designated agent), of a Subscription Agreement in a form specified by the Board of Directors (or its designated agent) from time to time (the execution of which shall be deemed to constitute the execution of a signature page to this Agreement). Each such Subscription Agreement shall specify the Capital Contribution to be made by such prospective Investor and shall contain representations and warranties by the prospective Investor as to such prospective Investor's eligibility to purchase an Interest. The Board of Directors (or its designated agent) may adopt procedures from time to time governing the remittance by prospective Investors of Capital Contributions and the receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may set maximum and minimum amounts from time to time (as well as incremental limits) applicable to each Capital Contribution. The admission of any Person as an Investor in the Fund shall be effective upon the revision of the books and records of the Fund to reflect the name and Capital Contribution of such Investor. The Board of Directors (or its designated agent) may also from time to time accept additional Capital Contributions from existing Investors and may adopt procedures relating to the remittance by Investors and receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may from time to time set maximum and minimum amounts (as well as incremental limits) applicable to each such additional Capital Contribution. The Board of Directors (or its designated agent) shall be authorized in its discretion not to accept a Capital Contribution from any Investor or prospective Investor for any reason.

ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS. The Board of Directors (or its designated agent) may admit Investors to the Fund from time to time upon the execution by a prospective Investor of an appropriate signature page to this Agreement or upon the completion and execution by a prospective Investor, and the acceptance of the same by the Board of Directors (or its designated agent), of a Subscription Agreement in a form specified by the Board of Directors (or its designated agent) from time to time (the execution of which shall be deemed to constitute the execution of a signature page to this Agreement)time. Each such Subscription Agreement shall specify the Capital Contribution to be made by such prospective Investor and shall contain representations and warranties by the prospective Investor as to such prospective Investor's eligibility to purchase an Interest. The Board of Directors (or its designated agent) may adopt procedures from time to time governing the remittance by prospective Investors of Capital Contributions and the receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may set maximum and minimum amounts from time to time (as well as incremental limits) applicable to each Capital Contribution. The admission Notwithstanding the foregoing, the Board of any Person Directors may admit each of the Adviser and the Subadviser to the Fund as a Special Member without requiring that such Special Member complete a Subscription Agreement (provided that such Special Member provides the Board of Directors with such information as shall satisfy the Board of Directors that such Special Member is eligible to be admitted to the Fund as an Investor in the Fund shall be effective upon the revision of the books and records of the Fund to reflect the name and Investor) or that such Special Member make any Capital Contribution of such InvestorContribution. The Board of Directors (or its designated agent) may also from time to time accept additional Capital Contributions from existing Investors Investors, and may adopt procedures relating to the remittance by Investors and receipt and handling of the same by the FundFund (which procedures may include the completion by each such Investor of a Subscription Agreement, but shall at least require each such Investor to renew or otherwise make representations and warranties as to such Investor's continued eligibility to purchase Interests). The Board of Directors (or its designated agent) may from time to time set maximum and minimum amounts (as well as incremental limits) applicable to each such additional Capital Contribution. The Board of Directors (or its designated agent) shall be authorized in its discretion not to accept a Capital Contribution from any Investor or prospective Investor for any reason.

ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS. The Board of Directors (or its designated agent) may admit Investors to the Fund from time to time upon the execution by a prospective Investor of an appropriate signature page to this Agreement or upon the completion and execution by a prospective Investor, and the acceptance of the same by the Board of Directors (or its designated agent), of a Subscription Agreement in a form specified by the Board of Directors (or its designated agent) from time to time (the execution of which shall be deemed to constitute the execution of a signature page to this Agreement). Each such Subscription Agreement shall specify the Capital Contribution to be made by such prospective Investor and shall contain representations and warranties by the prospective Investor as to such prospective Investor's ’s eligibility to purchase an InterestShares. The Board of Directors (or its designated agent) may adopt procedures from time to time governing the remittance by prospective Investors of Capital Contributions and the receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may set maximum and minimum amounts from time to time (as well as incremental limits) applicable to each Capital Contribution. The admission of any Person as an Investor in the Fund shall be effective upon the revision of the books and records of the Fund to reflect the name and Capital Contribution of such Investor. The Board of Directors (or its designated agent) may also from time to time accept additional Capital Contributions from existing Investors and may adopt procedures relating to the remittance by Investors and receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may from time to time set maximum and minimum amounts (as well as incremental limits) applicable to each such additional Capital Contribution. The Board of Directors (or its designated agent) shall be authorized in its discretion not to accept a Capital Contribution from any Investor or prospective Investor for any reason.

ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS. The Board of Directors (or its designated agent) may admit Investors to the Fund from time to time upon the execution by a prospective Investor of an appropriate signature page to this Agreement or upon the completion and execution by a prospective Investor, and the acceptance of the same by the Board of Directors (or its designated agent), of a Subscription Agreement in a form specified by the Board of Directors (or its designated agent) from time to time (the execution of which shall be deemed to constitute the execution of a signature page to this Agreement)time. Each such Subscription Agreement shall specify the Capital Contribution to be made by such prospective Investor and shall contain representations and warranties by the prospective Investor as to such prospective Investor's ’s eligibility to purchase an Interest. The Board of Directors (or its designated agent) may adopt procedures from time to time governing the remittance by prospective Investors of Capital Contributions and the receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may set maximum and minimum amounts from time to time (as well as incremental limits) applicable to each Capital Contribution. The admission Notwithstanding the foregoing, the Board of Directors may admit any Person Adviser and any Subadviser to the Fund as a Special Member without requiring that such Special Member complete a Subscription Agreement (provided that such Special Member provides the Board of Directors with such information as shall satisfy the Board of Directors that such Special Member is eligible to be admitted to the Fund as an Investor in the Fund shall be effective upon the revision of the books and records of the Fund to reflect the name and Investor) or that such Special Member make any Capital Contribution of such InvestorContribution. The Board of Directors (or its designated agent) may also from time to time accept additional Capital Contributions from existing Investors Investors, and may adopt procedures relating to the remittance by Investors and receipt and handling of the same by the FundFund (which procedures may include the completion by each such Investor of a Subscription Agreement, but shall at least require each such Investor to renew or otherwise make representations and warranties as to such Investor’s continued eligibility to purchase Interests). The Board of Directors (or its designated agent) may from time to time set maximum and minimum amounts (as well as incremental limits) applicable to each such additional Capital Contribution. The Board of Directors (or its designated agent) shall be authorized in its discretion not to accept a Capital Contribution from any Investor or prospective Investor for any reason.

ADMISSION OF INVESTORS; CAPITAL CONTRIBUTIONS. The Board of Directors (or its designated agent) may admit Investors to the Fund from time to time upon the execution by a prospective Investor of an appropriate signature page to this Agreement or upon the completion and execution by a prospective Investor, and the acceptance of the same by the Board of Directors (or its designated agent), of a Subscription Agreement in a form specified by the Board of Directors (or its designated agent) from time to time (the execution of which shall be deemed to constitute the execution of a signature page to this Agreement)time. Each such Subscription Agreement shall specify the Capital Contribution to be made by such prospective Investor and shall contain representations and warranties by the prospective Investor as to such prospective Investor's eligibility to purchase an Interest. The Board of Directors (or its designated agent) may adopt procedures from time to time governing the remittance by prospective Investors of Capital Contributions and the receipt and handling of the same by the Fund. The Board of Directors (or its designated agent) may set maximum and minimum amounts from time to time (as well as incremental limits) applicable to each Capital Contribution. The admission Notwithstanding the foregoing, the Board of Directors may admit any Person Adviser and any Subadviser to the Fund as a Special Member without requiring that such Special Member complete a Subscription Agreement (provided that such Special Member provides the Board of Directors with such information as shall satisfy the Board of Directors that such Special Member is eligible to be admitted to the Fund as an Investor in the Fund shall be effective upon the revision of the books and records of the Fund to reflect the name and Investor) or that such Special Member make any Capital Contribution of such InvestorContribution. The Board of Directors (or its designated agent) may also from time to time accept additional Capital Contributions from existing Investors Investors, and may adopt procedures relating to the remittance by Investors and receipt and handling of the same by the FundFund (which procedures may include the completion by each such Investor of a Subscription Agreement, but shall at least require each such Investor to renew or otherwise make representations and warranties as to such Investor's continued eligibility to purchase Interests). The Board of Directors (or its designated agent) may from time to time set maximum and minimum amounts (as well as incremental limits) applicable to each such additional Capital Contribution. The Board of Directors (or its designated agent) shall be authorized in its discretion not to accept a Capital Contribution from any Investor or prospective Investor for any reason.