Examples of Initial Offering in a sentence
Persons acquiring Interests in a manner other than through an Initial Offering or Subsequent Offering or pursuant to a Transfer shall make such Capital Contribution as shall be determined by the Managing Member in its sole discretion.
Persons acquiring Interests through an Initial Offering or Subsequent Offering shall make a Capital Contribution to the Company in an amount equal to the per share price determined in connection with such Initial Offering or Subsequent Offering and multiplied by the number of Interests acquired by such Person in such Initial Offering or Subsequent Offering, as applicable.
Unless otherwise set forth in the applicable Series Designation, the Managing Member or its Affiliates shall, at the first closing of any Initial Offering, hold at least one (1) Interest of the Series being issued pursuant to such Initial Offering.