Common use of Appointment of Placement Agent Clause in Contracts

Appointment of Placement Agent. The Fund hereby appoints the Placement Agent as the exclusive placement agent for the Fund for the period and upon the terms herein set forth, for the purposes of obtaining purchasers for, and assisting in the offering of, the Units in the manner contemplated herein. The Placement Agent hereby accepts such appointment and agrees to use commercially reasonable efforts during such period to find eligible purchasers for the Units. The Placement Agent, from time to time in its sole discretion and at its own expense, may appoint Sub-Placement Agents (as defined below), who may or may not be affiliated with the Placement Agent, on such terms as the Placement Agent may determine.

Appointment of Placement Agent. The Fund hereby appoints the Placement Agent as the exclusive placement agent for the Fund for the period and upon the terms herein set forth, for the purposes of obtaining purchasers for, and assisting in the offering of, the Units Interests in the manner contemplated herein. The Placement Agent hereby accepts such appointment and agrees to use commercially reasonable efforts during such period to find eligible purchasers for the UnitsInterests. The Fund or the Placement Agent, from time to time in its their sole discretion and at its own expensediscretion, may appoint Subother placement agents or sub-Placement Agents (as defined below)placement agents, respectively, who may or may not be affiliated with the Placement Agent, on such terms as the Managing Member or the Placement Agent may determine.