Common use of Specific Limitations Clause in Contracts

Specific Limitations. (a) The Manager shall not take any of the following actions without the affirmative vote or written consent of all Investors pursuant to the procedures set forth in Article 15 of this Agreement: (1) Any act that would make it impossible to carry on the Fund's ordinary business; (2) Causing the dissolution or termination of the Fund prior to the expiration of its term, except as provided under Article 14; (3) Possessing Fund Property or assigning rights in specific Fund Property for other than a Fund purpose; or (4) Constituting any other person as a Manager, except as provided in Article 14. (b) The Manager shall not take any action that would cause the Fund to be regulated as an "investment company" under the 1940 Act, nor will the Manager take any action that would cause the Fund to change its investment objectives and policies without the approval of Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (c) The Manager shall not sell, exchange, lease, mortgage, pledge or transfer all or a substantially all of the Fund's assets if not in the ordinary course of operation of Fund Property without the approval of a 50% of all Capital Contributions to the Fund at such time. (d) The Fund and the Fund's agents shall not take any action that is prohibited to the Manager by this or any other provision of this Agreement.

Specific Limitations. (a) The Manager shall not take any of the following actions without the affirmative vote or written consent of all Investors pursuant to the procedures set forth in Article 15 Sections 15.1 and 15.2 of this Agreement: (1) Any act that would make it impossible to carry on the Fund's ordinary business; (2) Causing the dissolution or termination of the Fund prior to the expiration of its term, except as provided under Article 14; (3) Possessing Fund Property or assigning rights in specific Fund Property for other than a Fund purpose; or (4) Constituting any other person as a Manager, except as provided in Article 14. (b) The Manager shall not take any action that would cause the Fund to be regulated as an "investment company" under the 1940 Act, nor will the Manager take any action that would cause the Fund to change its investment objectives and policies without the approval of Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (c) The Manager shall not sell, exchange, lease, mortgage, pledge or transfer all or a substantially all of the Fund's assets if not in the ordinary course of operation of Fund Property without the approval of a Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (d) The Fund and the Fund's agents shall not take any action that is prohibited to the Manager by this or any other provision of this Agreement.

Specific Limitations. (a) The Manager shall not take any of the following actions without the affirmative vote or written consent of all Investors pursuant to the procedures set forth in Article 15 of this Agreement: (1) Any act that would make it impossible to carry on the Fund's ordinary business; (2) Causing the dissolution or termination of the Fund prior to the expiration of its term, except as provided under Article 14; (3) Possessing Fund Property or assigning rights in specific Fund Property for other than a Fund purpose; or (4) Constituting any other person as a Manager, except as provided in Article 14. (b) The Manager shall not take any action that would cause the Fund to be regulated as an "investment company" under the 1940 Act, nor will the Manager take any action that would cause the Fund to change its investment objectives and policies without the approval of Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (c) The Manager shall not sell, exchange, lease, mortgage, pledge or transfer all or a substantially all of the Fund's assets if not in the ordinary course of operation of Fund Property without the approval of a 50% of all Capital Contributions to the Fund at such time. (d) The Fund and the Fund's agents shall not take any action that is prohibited to the Manager by this or any other provision of this Agreement.

Specific Limitations. (a) The Manager shall not take any of the following actions without the affirmative vote or written consent of all Investors pursuant to the procedures set forth in Article 15 Sections 15.1 and 15.2 of this Agreement: : (1) Any act that would make it impossible to carry on the Fund's ordinary business; ; (2) Causing the dissolution or termination of the Fund prior to the expiration of its term, except as provided under Article 14; ; (3) Possessing Fund Property or assigning rights in specific Fund Property for other than a Fund purpose; or or (4) Constituting any other person as a Manager, except as provided in Article 14. (b) The Manager shall not take any action that would cause the Fund to be regulated as an "investment company" under the 1940 Act, nor will the Manager take any action that would cause the Fund to change its investment objectives and policies without the approval of Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (c) The Manager shall not sell, exchange, lease, mortgage, pledge or transfer all or a substantially all of the Fund's assets if not in the ordinary course of operation of Fund Property without the approval of a Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time. (d) The Fund and the Fund's agents shall not take any action that is prohibited to the Manager by this or any other provision of this Agreement.