Common use of Issuance Limit Clause in Contracts

Issuance Limit. Following the qualification of the Form 1-A offering statement specifying such Series as filed with the Securities and Exchange Commission, a Series is authorized to issue up to an aggregate of the amount of Series Shares noted in its Series Designation (the “Issuance Limit”) in exchange for a purchase price determined in each case by the Manager in its sole discretion.

Issuance Limit. Following the qualification of the Form 1-A offering statement specifying such Series as filed with the Securities and Exchange Commission, a Series is authorized to issue up to an aggregate of the amount of Series Shares noted in its Series Designation or Separate Series Operating Agreement, as applicable (the “Issuance Limit”) ), in exchange for a purchase price determined in each case by the Manager in its sole discretion.