Determination of Foreign Person Member Status Sample Clauses

Determination of Foreign Person Member Status. A Member shall be deemed to be a Foreign Person Member for purposes of this Agreement (i) upon any determination by the Administrator that such Member is a Foreign Person Member hereunder or (ii) if such Member is a Foreign Person under the DPA. Each Member acknowledges and agrees that (i) it has read and acknowledged the representation contained in Section 2(x) of its Subscription Agreement and (ii) it will promptly provide notice of any changes to its status that would alter its status as a potential Foreign Person. Each Non-Foreign Person Member acknowledges and agrees that it shall not accept any investment or engage in any activity that would cause it to become a Foreign Person without providing advance written notice to the Fund. Whether or not such notice is provided, any Non-Foreign Person Member that becomes a Foreign Person acknowledges and agrees that upon such change in status it will immediately become a Foreign Person Member subject to the restrictions in Article III.13(c).