Termination of Status of Adviser and Managers Transfers and Repurchases. 3.1 Termination of Status of the Adviser The status of the Adviser as the Special Advisory Member shall terminate if the Investment Advisory Agreement with the Adviser terminates and the Fund does not enter into a new Investment Advisory Agreement with the Adviser, effective as of the date of such termination.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Termination of Status of Adviser and Managers Transfers and Repurchases. 3.1 4.1 Termination of Status of the Adviser The status of the Adviser (or an affiliated company that it has designated to serve as the Special Advisory Member) as the Special Advisory Member shall terminate if the Investment Advisory Agreement with the Adviser terminates and the Fund does not enter into a new Investment Advisory Agreement with the Adviser, effective as of the date of such termination.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
Termination of Status of Adviser and Managers Transfers and Repurchases. 3.1 4.1 Termination of Status of the Adviser The status of the Adviser as the Special Advisory Member shall terminate if the Investment Advisory Agreement with the Adviser terminates and the Fund does not enter into a new Investment Advisory Agreement with the Adviser, effective as of the date of such termination.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Arden Registered Institutional Advisers LLC)
