Series Creation. Each Series will have the following characteristics: · A separate business purpose or investment objective; · Series Members who will make Capital Contributions or Non-Capital Contributions the Series to further its separate business objectives (see Article 4.1); · Separate rights, powers or duties with respect to management, control, or disposition of Underlying Asset(s) of a Series; · Separate obligations or rights to share in Profits and Losses associated with Underlying Asset(s) of a Series. Each Series Agreement and its exhibits will describe the purpose, Underlying Asset(s), characteristics, capital requirements, and investment strategies for a Series.
Appears in 6 contracts
Samples: Series Limited Liability Company Agreement (Mythic Collection, LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC), Series Limited Liability Company Agreement (Mythic Collection, LLC)
Series Creation. Each Series will have the following characteristics: · - A separate business purpose or investment objective; · - Series Members who will make Capital Contributions or Non-Capital Contributions the Series to further its separate business objectives (see Article 4.1); · - Separate rights, powers or duties with respect to management, control, or disposition of Underlying Asset(s) of a Series; · - Separate obligations or rights to share in Profits and Losses associated with Underlying Asset(s) of a Series. Each Series Agreement and its exhibits will describe the purpose, Underlying Asset(s), characteristics, capital requirements, and investment strategies for a Series.
Appears in 3 contracts
Samples: Series Limited Liability Company Agreement (VV Markets LLC), Series Limited Liability Company Agreement (VV Markets LLC), Limited Liability Company Agreement (VV Markets LLC)
