Common use of Designations of Series; Additional Issuances of Shares Clause in Contracts

Designations of Series; Additional Issuances of Shares. 2.3.1. From time to time, the Fund, at the discretion of the Manager, may issue Shares in the form of series (each, a “Series”). A holder of Shares within a particular Series shall be entitled to the economic rights (including rights to share in the Net Profits from Operations, Net Losses from Operations, Net Profits from Capital Transactions, Net Losses from Capital Transactions, Available Cash from Operations, Available Cash from Capital Transactions, and other items of expenses, deductions, gains, and income) of the Fund’s Projects corresponding to such Series and shall not be entitled to any economic rights associated with the Projects that do not correspond to such Series. 2.3.2. The Manager shall take all actions that it determines to be necessary or appropriate in connection with: (i) each issuance of Shares, and (ii) the admission of additional Members. The Manager shall determine the relative designations, preferences, rights, powers and duties of the holders of the Shares being so issued. The Manager shall do all things necessary to comply with the Act and is authorized and directed to do all things that it determines to be necessary or appropriate in connection with any issuance of Shares pursuant to the terms of this Agreement, including compliance with any statute, rule, regulation or guideline of any federal, state or other governmental agency.