PROCESSING OF SUBSCRIPTIONS. (a) The Manager may admit new Investors to this Fund at such times and upon such notice (if any) as the Manager may determine. (b) Pursuant to Securities and Exchange Commission Rule 15c2-4, all subscriptions while held in escrow during the initial offering period pending release to this Fund shall be held by a bank independent of the Manager, its affiliates, and their respective officers, employees, representatives and agents (each, a "Manager Party" and, collectively, the "Manager Parties").
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (ML Appleton FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Winton FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC)
PROCESSING OF SUBSCRIPTIONS. (a) The Manager may admit new Investors to this Fund at such times and upon such notice (if any) as the Manager may determine.
(b) Pursuant to Securities and Exchange Commission Rule 15c2-4, all subscriptions while held in escrow during the initial offering period pending release to this Fund shall be held by a bank independent of the Manager, its affiliates, and their respective officers, employees, representatives and agents (each, a "“Manager Party" ” and, collectively, the "“Manager Parties"”).
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC)
