Common use of Duration of Fund Clause in Contracts

Duration of Fund. The operation of the Fund will commence on the Effective Date and shall continue in existence until (i) March 31, 2010, unless further extended for up to two (2) additional two (2) year periods from such date if the Board of Directors of the Fund determines that such an extension is in the best interest of the Fund; or (ii) it is terminated pursuant to any provisions of this Agreement or as otherwise provided by law.

Appears in 4 contracts

Samples: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)

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Duration of Fund. The operation of the Fund will commence on the Effective Date and shall continue in existence until (i) March 31, 2010, unless further extended for up to two (2) additional two (2) year periods from such date if the Board of Directors of the Fund determines that such an extension is in the best interest of the Fund; Fund or (ii) it is terminated pursuant to any provisions of this Agreement or as otherwise provided by law.

Appears in 1 contract

Samples: Operating Agreement (Oxbow Fund LLC)

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