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Common use of Fund Property Clause in Contracts

Fund Property. No property of the Fund shall be deemed to be owned by any Member individually but shall be owned by, and title shall be vested solely in, the Fund. The Units of the Members shall constitute personal property.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Hc BDC LLC)

Related Clauses

  • Satisfaction of Sinking Fund Payments with Securities
  • Sinking Fund Provisions
  • Fund Personnel
  • Existence; Businesses and Properties
  • Refund Procedures

Parent Clauses

  • Members Voting and Consents
  • EXCEPTION TO INVESTMENT RESTRICTIONS
  • Binding
  • Governing Law
  • DEUTSCHE TRUSTEE COMPANY

Sub-Clauses

  • Remuneration of the Investment Advisor
  • Fund Property Accounts
  • Management of Fund Property; Permitted Investments
  • Title to Fund Property
  • Disposition of Fund Property
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