Common use of DISTRIBUTIONS AND CLOSINGS Clause in Contracts

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Funds, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Funds. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without accrued interest.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the FundsCompany, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the FundsCompany. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a Fundthe Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without with accrued interest.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the FundsFund, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by or on behalf of the FundsFund. Such Written Instructions must shall be sent to the Escrow Agent by no later than 2:00 p.m. (eastern time) on the closing date with respect the Escrow Agent is to each closingwire such amount. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a the Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without together with accrued interestinterest (if any). Such refunds shall be made by wire transfer.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the FundsCompany, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the FundsCompany. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a Fundthe Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without accrued interestbalance.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of -------------------------- interests in the FundsFund, the Escrow Agent will wire principal balances on deposit in the Subscription Investment Account and Adviser's Account to the Fund's account designated by at the FundsFund's custodian. Such Written Instructions must shall be sent to the Escrow Agent by 2:00 p.m. (eastern time) pm. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Investment Account is not admitted into a the Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in check form in the amount of the principal balance without with accrued interest. 7.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the FundsFund, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the FundsFund. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a the Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without with accrued interest.

DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the FundsFund, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the FundsFund. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern timeEastern Time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a the Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without accrued interestbalance.