Contributions Generally. The capital of the Company shall initially consist of the initial contribution of the Organizational Member. After the date hereof, the Company may offer and sell unlimited additional Units (the "Additional Units") to its existing Members who desire to increase their capital contribution to the Company (the "Increasing Members") and to additional persons and entities who desire to become Members of the Company and who agree to be bound by the terms of this Agreement by signing a subscription agreement or executing a counterpart of this Agreement, as amended from time to time (the "Additional Members"). The Directors may establish, from time to time, one or more minimum investment amounts. Such offer and sale of Additional Units shall be subject to the provisions of this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master International Value Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)
Contributions Generally. The capital of the Company shall initially consist of the initial contribution of the Organizational Member. After the date hereof, the Company may offer and sell unlimited additional Units (the "“Additional Units"Units ”) to its existing Members who desire to increase their capital contribution to the Company (the "“Increasing Members"”) and to additional persons and entities who desire to become Members of the Company and who agree to be bound by the terms of this Agreement by signing a subscription agreement or executing a counterpart of this Agreement, as amended from time to time (the "“Additional Members"”). The Directors may establish, from time to time, one or more minimum investment amounts. Such offer and sale of Additional Units shall be subject to the provisions of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC)