Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy Q Fund LLC), Limited Liability Company Agreement (Ridgewood Energy S Fund LLC), Limited Liability Company Agreement (Ridgewood Energy T Fund LLC)
Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of SharesShares shall be governed by Section 9.6.
Appears in 4 contracts
Samples: LLC Operating Agreement (Ridgewood Enengy K Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC)
Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares.
Appears in 2 contracts
Samples: Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC)
Admission of Investors. (a) The Fund shall have the unrestricted right at all times prior to the Termination Date to admit to the Fund such Investors as it may deem advisable. One Investor Share will be issued for each accepted subscription for $150,000 of Capital Contributions (before discounts or incentives) and fractional Shares may be issued in the Manager's ’s sole discretion for proportional amounts of Capital Contributions. After the Termination Date, Section 9.6 shall govern the sale of Shares or different classes of Shares.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC)
