Common use of Manager and its Affiliates as Member Clause in Contracts

Manager and its Affiliates as Member. The Manager and/or its Affiliates may acquire any number of Units for any reason deemed appropriate by the Manager for the same price and upon the same terms and conditions, subject to Section 3.2.3, as all other purchasers thereof; provided, however, that the Manager shall not acquire more than 10% of the Units sold (except pursuant to Section 11). Certain Affiliates of the Manager and their officers and directors may acquire additional Units. In such event, the Manager or its Affiliates will be admitted to the Company as Members with respect to such Units and will be entitled to all rights as Members appurtenant thereto, including but not limited to, the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Units so purchased. Any interest of the Manager or its Affiliate as a Member shall be separately designated by listing the Manager or its Affiliate in the roster of Members with respect to its Units.

Manager and its Affiliates as Member. The Manager and/or its Affiliates may acquire any number of Units for any reason deemed appropriate by the Manager for the same price and upon the same terms and conditions, subject to Section 3.2.3, as all other purchasers thereof; provided, however, that the Manager shall not acquire more than 10% of the Units sold (except pursuant to Section 11)and shall not acquire any Units until the Company has accepted Subscription Payments for at least the Minimum Offering Amount. Certain Affiliates of the Manager and their officers and directors may acquire additional Units. In such event, the Manager or its Affiliates will be admitted to the Company as Members with respect to such Units and will be entitled to all rights as Members appurtenant thereto, including but not limited to, the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Units so purchased. Any interest of the Manager or its Affiliate as a Member shall be separately designated by listing the Manager or its Affiliate in the roster of Members with respect to its Units.