Common use of Capital Contributions of New Members Clause in Contracts

Capital Contributions of New Members. The Managers are authorized and directed to raise capital for the Company as provided in the Prospectus by offering and selling Units to Members as follows: (a) Each Unit shall be issued for a purchase price of one dollar ($1.00). (b) Except as set forth below, the minimum purchase of Units shall be two thousand (2,000) Units (or such greater minimum number of Units as may be required under applicable state or federal laws) per Member (including subscriptions from entities of which such Member is the sole beneficial owner). Notwithstanding the foregoing, the provisions set forth above relating to the minimum number of Units which may be purchased shall not apply to purchases of Units pursuant to the Distribution Reinvestment Plan. (c) The Managers may accept subscriptions for fractional Units in excess of the minimum subscription amount. (d) The Managers may refuse to accept subscriptions for Units and contributions tendered therewith for any reason whatsoever. (e) Each Unit sold to a subscriber shall be fully paid and nonassessable. (f) The Managers are further authorized to cause the Company to issue additional Units to Members pursuant to the terms of any plan of merger, plan of exchange or plan of conversion adopted by the Company.

Capital Contributions of New Members. The Managers are authorized and directed to raise capital for the Company as provided in the Prospectus by offering and selling Units to Members as follows: (a) Each Unit shall be issued for a purchase price of one dollar ($1.00). (b) Except as set forth below, the minimum purchase of Units per Member (including subscriptions from entities of which such Member is the sole beneficial owner) shall be (i) two thousand (2,000) Units if such purchase occurs pursuant to an Offering under the Registration Statement filed on November 11, 2008, as amended (File No. 333-155428), (ii) five thousand (5,000) Units if such purchase occurs pursuant to an Offering under any other Registration Statement, or (iii) one thousand (1,000) Units for existing members in any Offering (or, in each case, such greater minimum number of Units as may be required under applicable state or federal laws) per Member (including subscriptions from entities of which such Member is the sole beneficial owner). Notwithstanding the foregoing, the provisions set forth above relating to the minimum number of Units which may be purchased shall not apply to purchases of Units pursuant to the Distribution Reinvestment Plan. (c) The Managers may accept subscriptions for fractional Units in excess of the minimum subscription amount. (d) The Managers may refuse to accept subscriptions for Units and contributions tendered therewith for any reason whatsoever. (e) Each Unit sold to a subscriber shall be fully paid and nonassessable. (f) The Subject to Section 3.3(i), the Managers are further authorized to cause the Company to issue additional Units to Members pursuant to the terms of any plan of merger, plan of exchange or plan of conversion adopted by the Company.

Capital Contributions of New Members. The Managers are authorized and directed to raise capital for the Company as provided in the Prospectus by offering and selling Units to Members as follows: (a) Each Unit shall be issued for a purchase price of one dollar ($1.00). (b) Except as set forth below, the minimum purchase of Units shall be two thousand (2,000) Units (or such greater minimum number of Units as may be required under applicable state or federal laws) per Member (including subscriptions from entities of which such Member is the sole beneficial owner). Notwithstanding the foregoing, the provisions set forth above relating to the minimum number of Units which may be purchased shall not apply to purchases of Units pursuant to the Distribution Reinvestment Plan. (c) The Managers may accept subscriptions for fractional Units in excess of the minimum subscription amount. (d) The Managers may refuse to accept subscriptions for Units and contributions tendered therewith for any reason whatsoever. (e) Each Unit sold to a subscriber shall be fully paid and nonassessable. (f) The Subject to Section 3.3(i), the Managers are further authorized to cause the Company to issue additional Units to Members pursuant to the terms of any plan of merger, plan of exchange or plan of conversion adopted by the Company.