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Common use of Handling of Orders Clause in Contracts

Handling of Orders. (a) For purposes of this Agreement, purchases of Units whose subscriptions were solicited by the Distributor and accepted by the Fund are referred to herein as the "Distributor's Subscribers." (b) All properly presented and accepted subscriptions of the purchase of Units shall be executed at the offering price per Units as described in the Registration Statement. (c) The procedures relating to soliciting and the handling subscriptions for Units will be subject to the terms of the Registration Statement and the Operating Procedures set forth in Appendix A hereto. (d) Payments for Units shall be made as specified in the Registration Statement and Subscription Agreement. (e) The Distributor will not at any time be responsible for performing recordkeeping or accounting services with respect to the Fund, except as described in Section 1(d) hereof. The Fund shall promptly inform the Distributor of the Fund's net assets and net asset value per Unit (and/or in certain instances estimated net asset values) as soon as reasonably practicable following their calculation. The Distributor is authorized to communicate such calculations to each of the Distributor's Subscribers. In the event that estimated net asset values are provided in lieu of net asset values, the Distributor shall make appropriate disclosures to the Distributor's Subscribers.

Appears in 10 contracts

Samples: Distribution Agreement (CSFB Alternative Capital Long/Short Equity Fund, LLC), Distribution Agreement (CSFB Alternative Capital Event Driven Institutional Fund, LLC), Distribution Agreement (CSFB Alternative Capital Long/Short Equity Institutional Fund, LLC)

Handling of Orders. (a) For purposes of this Agreement, purchases of Units whose subscriptions were solicited by the Distributor and accepted by the Fund Funds are referred to herein as the "Distributor's Subscribers." (b) All properly presented and accepted subscriptions of the purchase of Units shall be executed at the offering price per Units as described in the Registration Statement. (c) The procedures relating to soliciting and the handling subscriptions for Units will be subject to the terms of the Registration Statement and the Operating Procedures set forth in Appendix A hereto. (d) Payments for Units shall be made as specified in the Registration Statement and Subscription Agreement. (e) The Distributor will not at any time be responsible for performing recordkeeping or accounting services with respect to the FundFunds, except as described in Section 1(d) hereof. The Fund Funds shall promptly inform the Distributor of the each Fund's net assets and net asset value per Unit (and/or in certain instances estimated net asset values) as soon as reasonably practicable following their calculation. The Distributor is authorized to communicate such calculations to each of the Distributor's Subscribers. In the event that estimated net asset values are provided in lieu of net asset values, the Distributor shall make appropriate disclosures to the Distributor's Subscribers.

Appears in 2 contracts

Samples: Distribution Agreement (CSFB Alternative Capital Multi-Strategy Fund, LLC), Distribution Agreement (CSFB Alternative Capital Multi-Strategy Institutional Fund, LLC)