Common use of Admission of Members after Closing Clause in Contracts

Admission of Members after Closing. Except as provided in Article VIII, following the first Closing, additional Interests may be issued for up to 12 months after the first Closing, after which no new Interests will be issued; provided, however, the Manager may extend the time in its sole discretion.

Admission of Members after Closing. Except as provided in Article VIII, following the first ClosingClosing and a “cooling off” period of 2 weeks, additional Interests may be issued for up to 12 6 months after the first Closing, after which no new if and only if the additional Interests will be issued; provided, however, are those Interests that were authorized (not include those reserved for the Manager may extend Manager) but not sold upon the time in its sole discretionfirst Closing.

Admission of Members after Closing. Except as provided in Article VIII, following the first Closing, Initial Closing additional Interests may be issued for up to 12 6 months after the first Initial Closing, after which no new Interests will be issued; provided, however, the Manager may extend the time in its sole discretion.