Common use of Formation Costs Clause in Contracts

Formation Costs. (a) Each Member shall bear his own expenses in connection with his consideration of an investment in the Fund and his acquisition of Units, including without limitation the fees of any attorney, financial advisor, or other consultant, except as this Agreement may otherwise expressly provide. (b) The Fund shall pay for or reimburse the initial Member for all other expenses of formation of every nature and description including, without limitation, reproduction, printing and stenographic costs, filing, recording and qualifying fees, taxes and costs of legal publication, expenses of registration, qualification or obtaining exemptions under any federal or state securities laws and legal and accounting fees incident to the formation of the Fund and the offering and sale of Units.

Formation Costs. (a) Each Member shall bear his own expenses in connection with his or her consideration of an investment in the Fund and his acquisition of Units, including without limitation the fees of any attorney, financial advisor, or other consultant, except as this Agreement may otherwise expressly provide. (b) The Fund shall pay for or reimburse the initial Member for all other expenses of formation of every nature and description including, without limitation, reproduction, printing and stenographic costs, filing, recording and qualifying fees, taxes and costs of legal publication, expenses of registration, qualification or obtaining exemptions under any federal or state securities laws and legal and accounting fees incident to the formation of the Fund and the offering and sale of Units.