Common use of Distribution Reinvestment Plans Clause in Contracts

Distribution Reinvestment Plans. The Board of Directors may establish, from time to time, a distribution reinvestment plan or plans (a “Reinvestment Plan”) if all of the following conditions are met: (i) the Company and any subsequent entities in which the Members reinvest are registered or exempted under applicable state securities laws; (ii) except as otherwise provided herein, no sales commissions or fees shall be deducted directly or indirectly from the reinvested funds by the Advisor; (iii) any subsequent entities in which the Members reinvest has substantially identical investment objectives as the Company; (iv) the Members are free to elect or revoke reinvestment within a reasonable time and such right is fully disclosed in the offering documents; (v) the Members shall have received a Prospectus, which is current as of the date of each such reinvestment; and (vi) the broker-dealer or the issuer assumes responsibility for blue sky compliance and performance of due diligence responsibilities and has contacted the Members to ascertain whether the Members continue to meet the applicable states’ suitability standard for participation in each reinvestment.

Distribution Reinvestment Plans. The Board of Directors Managers may establish, from time to time, a distribution reinvestment plan or plans (a “Reinvestment Plan”) if all of the following conditions are met: (i) the The Company and any subsequent entities in which the Members reinvest are registered or exempted under applicable state securities laws; (ii) except Except as otherwise provided herein, no sales commissions or fees shall be deducted directly or indirectly from the reinvested funds by the Advisor; (iii) any Any subsequent entities in which the Members reinvest has substantially identical investment objectives as the Company; (iv) the The Members are free to elect or revoke reinvestment within a reasonable time and such right is fully disclosed in the offering documents; (v) the The Members shall have received a Prospectus, which is current as of the date of each such reinvestment; and (vi) the The broker-dealer or the issuer assumes responsibility for blue sky compliance and performance of due diligence responsibilities and has contacted the Members to ascertain whether the Members continue to meet the applicable states’ suitability standard for participation in each reinvestment.

Distribution Reinvestment Plans. The Board of Directors may establish, from time to time, a distribution reinvestment plan or plans (a “Reinvestment Plan”) if all of the following conditions are met: (ia) the Company and any subsequent entities in which the Members reinvest are registered or exempted under applicable state securities laws; (iib) except as otherwise provided herein, no sales commissions or fees shall be deducted directly or indirectly from the reinvested funds by the Advisor; (iiic) any subsequent entities in which the Members reinvest has substantially identical investment objectives as the Company; (ivd) the Members are free to elect or revoke reinvestment within a reasonable time and such right is fully disclosed in the offering Offering documents; (ve) the Members shall have received a Prospectus, which is current as of the date of each such reinvestment; and (vif) the broker-dealer or the issuer assumes responsibility for blue sky compliance and performance of due diligence responsibilities and has contacted the Members to ascertain whether the Members continue to meet the applicable states’ suitability standard for participation in each reinvestment.