Common use of Subscriptions for Interests Clause in Contracts

Subscriptions for Interests. (a) The Fund will offer Interests to investors for purchase ("Offerings") subject to the restrictions stated in the Fund's Prospectus. The Fund expects that Offerings will occur continuously and that subscriptions for Interests will be accepted as of the end of each business day the Fund is open for business. (b) All subscriptions for Interests and payments by subscribers of subscription amounts for Interests will be made in accordance with the terms and conditions set out in the Prospectus and subscription documentation; provided that JPMIM may from time to time vary the minimum subscription amounts with respect to individual investors or classes of investors. Subscriptions will be subject to acceptance by JPMIM, as described in Section 5 below. (c) All payments received by you under this Agreement for subscriptions in the name and on behalf of the Fund will be handled by you or your authorized agent in accordance with the terms of the subscription documentation. (d) If JPMIM rejects any subscriptions, it will notify JPMorgan Chase Bank, as custodian for the Fund, or any other custodian or escrow agent, if applicable, who may be serving in such capacity at that time, to return all subscription payments to investors, plus accrued interest, if any.

Subscriptions for Interests. (a) The Fund will may from time to time, offer Interests to investors for purchase ("“Subsequent Offerings") subject to the restrictions stated in the Fund's Prospectus”). The Fund expects that Subsequent Offerings will occur continuously quarterly and that subscriptions for Interests will be accepted as of the end first day of each business day calendar quarter subject to the discretion of the Fund is open for businessand the Board to have Subsequent Offerings and accept subscriptions on other dates. (b) All subscriptions for Interests and payments by subscribers of subscription amounts for Interests will be made in accordance with the terms and conditions set out in the Prospectus Memorandum and subscription documentation; provided provided, that JPMIM the Fund may from time to time vary the minimum subscription amounts with respect to individual investors or classes of investors. Subscriptions will be subject to acceptance by JPMIMthe Fund, as described in Section 5 below. (c) All payments received by you under this Agreement for subscriptions in the name and on behalf of the Fund will be handled by you or your authorized agent in accordance with the terms of the subscription documentation. (d) If JPMIM the Fund rejects any subscriptions, it will notify JPMorgan Chase Bankthe custodian for the Fund, and the custodian., as custodian escrow agent for the Fund, or any other custodian or escrow agent, if applicable, agent who may be serving in such capacity at that time, to return all subscription payments to investors, plus accrued interest, if any.