Common use of Subsequent Subscriptions Clause in Contracts

Subsequent Subscriptions. The Subscriber acknowledges and agrees that these representations, warranties, acknowledgments and covenants given by the Subscriber to and in favour of a Fund and the Manager shall be deemed to be repeated and reconfirmed as at the date of any subsequent subscription for Units made by the Subscriber (a “top-up”) or reinvestment of distributions made by a Fund unless a new subscription agreement is executed.