Common use of Membership Interest is Restricted Security Clause in Contracts

Membership Interest is Restricted Security. The Member understands that its Membership Interest, including the Economic Interest constituting a part thereof, is a "restricted security" under the Securities Act in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, that its Membership Interest and the Economic Interest constituting a part thereof may be resold without registration under the Securities Act only in certain limited circumstances and that otherwise its Membership Interest and such Economic Interest must be held indefinitely.

Membership Interest is Restricted Security. The Member understands that its Membership Interest, including the Economic Interest constituting a part thereof, is a "“restricted security" ” under the Securities Act of 1933 in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, that its Membership Interest and the Economic Interest constituting a part thereof may be resold without registration under the Securities Act of 1933 only in certain limited circumstances and that otherwise its Membership Interest and such Economic Interest must be held indefinitely.

Membership Interest is Restricted Security. The Member understands that its Membership Interest, including the Economic Interest constituting a part thereof, is a "restricted security" security under the Securities Act of 1933 in that the Membership Interest will be acquired from the Company in a transaction not involving a public offering, that its Membership Interest and the Economic Interest constituting a part thereof may be resold without registration under the Securities Act of 1933 only in certain limited circumstances and that otherwise its Membership Interest and such Economic Interest must be held indefinitely.