Duties and Obligations of the Adviser. 4.1Unless otherwise licensed as such, the Adviser shall not act as a broker or dealer, or take any action that would require it to register as a broker or dealer, in connection with a Purchase. The Adviser is not an agent of the Issuer and shall have no obligation to advise its clients to purchase the Securities.
Appears in 2 contracts
Samples: Ministry Partners Investment Company, LLC, Ministry Partners Investment Company, LLC
Duties and Obligations of the Adviser. 4.1Unless 2.1 Unless otherwise licensed as such, the Adviser shall not act as a broker or dealer, or take any action that would require it to register as a broker or dealer, in connection with a Purchasethe purchase of Bonds by its clients. The Adviser is not an agent of the Issuer Company or Managing Broker-Dealer and shall have no obligation to advise its clients to purchase the SecuritiesBonds.
Appears in 2 contracts
Samples: Versity Invest, LLC, Versity Invest, LLC
Duties and Obligations of the Adviser. 4.1Unless 4.1 Unless otherwise licensed as such, the Adviser shall not act as a broker or dealer, or take any action that would require it to register as a broker or dealer, in connection with a Purchasethe purchase of Bonds by its clients. The Adviser is not an agent of the Issuer Company and shall have no obligation to advise its clients to purchase the SecuritiesBonds.
Appears in 1 contract
Duties and Obligations of the Adviser. 4.1Unless 4.1 Unless otherwise licensed as such, the Adviser shall not act as a broker or dealer, or take any action that would require it to register as a broker or dealer, in connection with a Purchase. The Adviser is not an agent of the Issuer and shall have no obligation to advise its clients to purchase the Securities.
Appears in 1 contract
Samples: Cottonwood Multifamily Reit Ii, Inc.
