Class L Members Sample Clauses

Class L Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class L Interests issued by the Company shall become Class L Members of the Company, once admitted by the Manager. The minimum investment amount required of a Class L Investor is $10,000, however, the Manager reserves the right to accept less than the minimum investment amount from a single Class L Investor in the Manager’s sole discretion. On all matters requiring a vote of the Class L Interests, each Holder of Class L Interests shall be entitled to one (1) vote for each Class L Interest held by such holder on the record date fixed for such meeting, or on the effective date of such written consent. Class L Members shall be entitled to the Preferred Return associated with their Units of Class L Interests (See “Preferred Return”).