Admission of New Members; Commitments. A Person acquiring Common Units will each enter into a Subscription Agreement pursuant to which such Person will agree to purchase Common Units for an aggregate purchase price equal to its aggregate Capital Commitment, subject to the Limited Exclusion Right. Each such Person shall be admitted as a member of the Fund at the time that such Subscription Agreement or a counterpart thereof is executed by or on behalf of such Person and accepted by the Fund.
Appears in 7 contracts
Samples: Restatedlimited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.), Agreement and Plan of Merger (New Mountain Guardian III BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.)
Admission of New Members; Commitments. A Each Person acquiring Common Units will each enter into a Subscription Agreement pursuant to which such Person will agree to purchase Common Units for an aggregate purchase price equal to its aggregate Capital Commitment, subject to the Limited Exclusion Right. Each such Person shall be admitted as a member of the Fund at the time that such Subscription Agreement or a counterpart thereof is executed by or on behalf of such Person and accepted by the Fund.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (New Mountain Guardian IV BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian IV Income Fund, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian IV Unlevered BDC, L.L.C.)
Admission of New Members; Commitments. A Each Person acquiring Common Units will each enter into a Subscription Agreement pursuant to which such Person will agree to purchase Common Units for an aggregate purchase price equal to its aggregate Capital Commitment, subject to the Limited Exclusion Right. Each such Person shall be admitted as a member of the Fund at the time that such Subscription Agreement or a counterpart thereof is executed by or on behalf of such Person and accepted by the Fund.. 1.7
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Mountain Guardian IV Income Fund, L.L.C.)
