Common use of Membership Capital Clause in Contracts

Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to such Member’s Subscription Amount in exchange for an Interest. In general, each Capital Contribution to the Fund shall be made in U.S. dollars and shall be made by means of a wire or bank transfer of immediately available funds to an account designated by the Administrator. If the Platform supports Capital Contributions via currencies other than U.S. dollars or other means, such other funding mechanisms shall be deemed acceptable. (a) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund pursuant to Article IX. (b) No Member has the right to demand property other than Portfolio Company Securities in return for its Capital Contribution, except upon dissolution of the Fund pursuant to Article IX.

Membership Capital. Upon Closing, each participating Member shall make a Capital Contribution in an amount equal to such Member’s Subscription Amount in exchange for an Interest. In general, each Capital Contribution to the Fund shall be made in U.S. dollars and shall be made by means of a wire or bank transfer of immediately available funds to an account designated by the Administrator. If the Platform supports Capital Contributions via currencies other than U.S. dollars or other means, such other funding mechanisms shall be deemed acceptable. (a) No Member has any right to demand the return of its Capital Contribution, except upon dissolution of the Fund pursuant to Article IX. (b) No Member has the right to demand property other than Portfolio Company Investment Securities in return for its Capital Contribution, except upon dissolution of the Fund pursuant to Article IX.