Certain Representations and Warranties of Members. 12.1.1 Any Member that is an “investment company” under the Investment Company Act, or is an entity that would be an “investment company” under the Investment Company Act but for an exclusion under either Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act, has advised the Manager of the number of persons that constitute Mammoth Private Capital, LLC “beneficial owners” of such Member’s outstanding securities (other than short-term paper) within the meaning of Section 3(c)(1)(A) of the Investment Company Act, and will advise the Manager promptly upon any change in that number.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Certain Representations and Warranties of Members. 12.1.1 Any Member that is an “investment company” under the Investment Company Act, or is an entity that would be an “investment company” under the Investment Company Act but for an exclusion under either Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act, has advised the Manager of the number of persons that constitute Mammoth Private Capital, LLC “beneficial owners” of such Member’s outstanding securities (other than short-term paper) within the meaning of Section 3(c)(1)(A) of the Investment Company Act, and will advise the Manager promptly upon any change in that number.
Appears in 1 contract
Samples: Operating Agreement
