Investor Units. The Company is hereby authorized to sell and issue not less than 200 and not more than 6,000 Investor Units pursuant to the Memorandum at a purchase price of $5,000 per Investor Unit, which number of Units may be adjusted by the Manager in its sole and absolute discretion, and to admit the persons who acquire such Investor Units as Members, provided that the Manager has at least accepted at least $1,000,000 of aggregate subscriptions for Investor Units. The Offering shall terminate on the Offering Termination Date.
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Samples: Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC)
Investor Units. The Company is hereby authorized to sell and issue not less than 200 1,000 and not more than 6,000 6,711 Investor Units pursuant to the Memorandum at a purchase price of $5,000 per Investor Unit, which number of Units may be adjusted by the Manager in its sole and absolute discretion, and to admit the persons who acquire such Investor Units as Members, provided that the Manager has at least accepted at least $1,000,000 5,000,000 of aggregate subscriptions for Investor Units. The Offering shall terminate on the Offering Termination Date.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (T Reit Inc)
Investor Units. The Company is hereby authorized to sell and -------------- issue not less than 200 100 and not more than 6,000 1,160 Investor Units pursuant to the Memorandum at a purchase price of $5,000 per Investor Unit, which number of Units may be adjusted by the Manager in its sole and absolute discretion, and to admit the persons who acquire such Investor Units as Members, provided that the Manager has at least accepted at least $1,000,000 500,000 of aggregate subscriptions for Investor Units. The Offering shall terminate on the Offering Termination Date.
Appears in 1 contract
Samples: Operating Agreement (T Reit Inc)
Investor Units. The Company is hereby authorized to sell and issue not less than 200 and not more than 6,000 10,000 Investor Units pursuant to the Memorandum at a purchase price of $5,000 per Investor Unit, which number of Units may be adjusted by the Manager Manager, in its sole and absolute discretion, and to admit the persons as Members each Person who acquire such acquires Investor Units as MembersUnits, provided that the Manager has at least accepted at least $1,000,000 5,000,000 of aggregate subscriptions for Investor Units. The Offering shall terminate on the Offering Termination Date.
Appears in 1 contract
