Common use of Subsidiaries of Series Clause in Contracts

Subsidiaries of Series. The Founder may form single purpose limited liability companies (Subsidiaries) on behalf of a Series as necessary to: · Take title to Underlying Asset(s); · Borrow money to finance the usually required by a lender; · Execute a lease on a Underlying Asset(s) on behalf of a Series (as the lessee); · Execute a purchase option on a Underlying Asset(s) (as an optionee). Where such Subsidiaries are formed, the sole Member of the Subsidiary will be a Series, unless the Series joint ventures with another entity or Person to acquire the Underlying Asset(s). In any case, the Founder or a designated Series Manager shall retain management control of the Subsidiary on behalf of the Series and its Members. Mythic Collection, LLC Amended and Restated Company Agreement

Subsidiaries of Series. The Founder may form single purpose limited liability companies (Subsidiaries) on behalf of a Series as necessary to: · - Take title to Underlying Asset(s); · - Borrow money to finance the usually required by a lender; · - Execute a lease on a Underlying Asset(s) on behalf of a Series (as the lessee); · - Execute a purchase option on a Underlying Asset(s) (as an optionee). Where such Subsidiaries are formed, the sole Member of the Subsidiary will be a Series, unless the Series joint ventures with another entity or Person to acquire the Underlying Asset(s). In any case, the Founder or a designated Series Manager shall retain management control of the Subsidiary on behalf of the Series and its Members. Mythic Collection, LLC Amended and Restated Company Agreement.