LLC Agreement definition
Examples of LLC Agreement in a sentence
Neither the execution, delivery or performance of this Subscription Agreement or the LLC Agreement by the Subscriber, nor the consummation of the transactions contemplated hereby or thereby, will result in the creation or imposition of any lien or encumbrance upon any of the assets or properties of such Subscriber.
This Subscription Agreement, together with its Attachments (which Attachments are incorporated in this Subscription Agreement by reference), the LLC Agreement and any other agreements pursuant to Section 12.1.5 of the LLC Agreement, constitute the entire agreement between the parties hereto with respect to the subject matter hereof, and any other prior or contemporaneous written or oral agreements, statements or assurances with respect to this subject matter are hereby rescinded and terminated.
For the avoidance of doubt, the power of attorney granted to a duly authorized representative of the Fund pursuant to this Section 9 shall not include the right to execute any amendments to the LLC Agreement on the Subscriber’s behalf as a Member, unless such amendments are specifically authorized by the LLC Agreement, or to take any other actions not authorized in the LLC Agreement.
The signature on this Subscription Agreement is genuine, and the persons signing this Subscription Agreement and the LLC Agreement (taking into account the power of attorney granted to the Fund pursuant to Section 9 of this Subscription Agreement) on the Subscriber’s behalf are duly authorized to sign and enter into this Subscription Agreement and the LLC Agreement on the Subscriber’s behalf.
The Subscriber acknowledges that the Adviser and its affiliates will receive substantial compensation in connection with the Fund and the Subscriber’s subscription for the Units pursuant to the terms set forth in the LLC Agreement and, to the extent permitted thereby, the Adviser and its affiliates may become engaged in businesses and activities that are competitive with that of the Fund.