Common use of Rule 16(b) Exemption Clause in Contracts

Rule 16(b) Exemption. The Manager has taken and will take all such steps as may be required to cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions or dispositions of equity securities of the Manager (including derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative securities of the Manager for such purposes that result from the transactions contemplated by this Agreement, by each director or officer of the Manager (including directors-by-deputization) who may reasonably be expected to be subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Manager upon the registration of any class of equity security of the Manager pursuant to Section 12 of the Exchange Act.

Rule 16(b) Exemption. The Manager Company has taken and will take all such steps as may be required to cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions or dispositions of equity securities of the Manager Company (including derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative securities of the Manager Company for such purposes that result from the transactions contemplated by this Agreement, by each director or officer of the Manager Company (including directors-by-deputization) who may reasonably be expected to be subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Manager Company upon the registration of any class of equity security of the Manager Company pursuant to Section 12 of the Exchange Act.

Rule 16(b) Exemption. The Manager Managing Member has taken and will take all such steps as may be required to cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and be exempt for purposes of Section 16(b) under the Exchange Act, any acquisitions or dispositions of equity securities of the Manager Managing Member (including derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative securities of the Manager Managing Member for such purposes that result from the transactions contemplated by this Agreement, by each director or officer of the Manager Managing Member (including directors-by-deputization) who may reasonably be expected to be subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Manager Managing Member upon the registration of any class of equity security of the Manager Managing Member pursuant to Section 12 of the Exchange Act.