Investment in Units. The Subscriber’s entire interest in the Fund shall be represented by units in the Fund (“Units”), valued as a pro rata portion of the Net Asset Value of the Fund as a whole, as computed by the Manager from time to time in accordance with the Operating Agreement. Net Asset Values are adjusted to market at least once per month based on publicly reported trading prices of securities, with illiquid assets being valued in the Managers’ discretion from time to time.
Appears in 10 contracts
Samples: Subscription Agreement, uucef.org, uucef.org
