NO UNDIVIDED INTERESTS IN FUND PROPERTY. Each Unit shall represent an interest in this Fund, not an undivided interest in the assets and liabilities of this Fund. The Units shall constitute personal property for all purposes.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Appleton FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC)
NO UNDIVIDED INTERESTS IN FUND PROPERTY. Each Unit shall represent an interest in this the Fund, not an undivided interest in any property of the assets and liabilities of this FundFund (including its investments in Underlying Funds). The Units shall constitute personal property for all purposes.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC), Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)
