Common use of Transmission of Subscriptions Clause in Contracts

Transmission of Subscriptions. You are appointed as agent of the Fund for purposes of determining whether to transmit subscriptions for Shares to the Fund. Subscriptions will be transmitted only if the investor: (a) has supplied properly completed subscription documentation or, in the case of an additional investment by an existing shareholder, has supplied the proper short-form additional subscription document, which confirms the representations and statements made in the previously-supplied subscription documentation; and (b) has made proper payment for Shares. Subscriptions will not be transmitted if it appears that any of the terms or conditions applicable to subscriptions for Shares as set out in the Memorandum, the subscription documentation, or Section 3(b) of this Agreement have not been satisfied, in which case you will use reasonable efforts to obtain properly completed subscription documentation and any other necessary information. Properly completed subscription documentation will be promptly transmitted to the Fund. The Fund reserves the right to reject any subscriptions for Shares in the Fund and may, in its sole discretion, suspend subscriptions for Shares at any time and from time to time.

Transmission of Subscriptions. You are appointed as agent of the Fund for purposes of determining whether to transmit subscriptions for Shares Interests to the Fund. Subscriptions will be transmitted only if the investor: (a) has supplied properly completed subscription documentation or, in the case of an additional investment by an existing shareholdermember, has supplied the proper short-form additional subscription document, which confirms the representations and statements made in the previously-supplied subscription documentation; and (b) has made proper payment for SharesInterests. Subscriptions will not be transmitted if it appears that any of the terms or conditions applicable to subscriptions for Shares Interests as set out in the Memorandum, the subscription documentation, or Section 3(b) of this Agreement have not been satisfied, in which case you will use reasonable efforts to obtain properly completed subscription documentation and any other necessary information. Properly completed subscription documentation will be promptly transmitted to the Fund. The Fund reserves the right to reject any subscriptions for Shares Interests in the Fund and may, in its sole discretion, suspend subscriptions for Shares Interests at any time and from time to time.