Investments in the Company. Investments may be accepted by the Company from Persons, at such times, on such terms, and for such consideration, as the Board from time to time may authorize. At the Board’s discretion, such investments, subject to applicable law, may be in the form of cash, securities, or other property of any type, valued as provided in Section 4.1. Investments in a series shall be credited to each Member’s account in the form of full and fractional Shares at the Net Asset Value per Share next determined after the investment is received or accepted as may be determined by the Board; provided, however, that the Board may, in its sole discretion: (a) impose a sales charge upon investments in any series or Class; (b) issue fractional Shares, or (c) determine the Net Asset Value per Share of the initial Capital Contribution to the Company. The Board and/or any Person duly authorized by the Board shall have the right to refuse to accept investments in any series or Class at any time without any cause or reason therefor whatsoever.
Investments in the Company. Investments may be accepted by the Company from such Persons, at such times, on such terms, and for such consideration as the Directors from time to time may authorize. The Directors may authorize any distributor, principal underwriter, custodian, transfer agent or other person to accept orders for the purchase of Shares that conform to such authorized terms and to reject any purchase orders for Shares whether or not conforming to such authorized terms.
Investments in the Company. Investments may be accepted by the Company from Persons, at such times, on such terms, and for such consideration as the Board from time to time may authorize. At the Board’s discretion, such investments, subject to applicable law, may be in the form of cash, securities or other property of any type, valued as provided in Section 4.1. Investments in a series shall be credited to each Member’s account in the form of full and fractional Shares at the Net Asset Value per Share next determined after the investment is received or accepted as may be determined by the Board; provided, however, that the Board may, in its sole discretion: (a) impose a sales charge upon investments in any series or Class; (b) issue fractional Shares, or (c) determine the Net Asset Value per Share of the initial Capital Contribution. The Board and any person duly authorized shall have the right to refuse to accept investments in any series or Class at any time without any cause or reason therefor whatsoever.
Investments in the Company. The forfeitures provided for in Section 3 are conditioned upon Buyer making a total investment of $3,250,000 during the first twelve months after the Closing Date for the purpose of further developing and marketing the Vivocom SIS technology. On the Closing Date, Buyer agrees to invest $250,000 ("Payment One") in cash into the Company as a contribution to capital to be used for working capital and marketing. Subject to Section 5 below, Buyer agrees to invest the following additional amounts in the Company on the following schedule: Payment Two: 75 days after the Closing Date: $500,000 Payment Three: 120 days after the Closing Date: $500,000 Payment Four: 240 days after the Closing Date: $1,000,000 Payment Five: 60 days after the Closing Date: $1,000,000 Subject to year end reviews and determination by the Board of Directors of the Company and Buyer, Buyer may determine to make additional investments within the Company. Buyer shall invest an additional $10,000,000 in the Company as a contribution to capital during the one year period commencing on the first anniversary date of the Closing Date ($2,500,000 of which shall be invested in the first quarter of such period), if the Revenue Rate Breakpoint A is achieved. Subject to Section 5, Buyer shall invest $20,000,000 in the Company as a contribution to capital during the one year period commencing on the second anniversary of the Closing Date.
Investments in the Company. The Trustees shall accept investments in the Company from such persons, and shall admit such persons as Shareholders of the Company, on such terms and for such consideration as they from time to time authorize.
