Common use of Series of Shares Issued by the Fund Clause in Contracts

Series of Shares Issued by the Fund. From time to time, the Fund, at the discretion of the Manager, may issue Shares in the form of series (each, a “Series”). A holder of Shares within a particular Series shall be entitled to the economic rights (including rights to Net Profits from Operations, Net Losses from Operations, Net Profits from Capital Transactions, Net Losses from Capital Transactions, Available Cash from Operations, Available Cash from Capital Transactions, and other items of expenses, deductions, gains, and income) of the Fund’s Projects corresponding to such Series and shall not be entitled to any economic rights associated with the Projects that do not correspond to such Series.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC)

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