PROCESSING OF SUBSCRIPTIONS. (a) The Manager may admit new Members to the Fund at such times and upon such notice (if any) as the Manager may determine. No interest will be payable in respect of any such subscriptions. (b) Members acknowledge that the admission of new Members may change the overall allocation of the Fund’s portfolio among the Underlying Funds. (c) All subscriptions shall be held by a bank independent of the Manager, its affiliates, and their respective officers, employees, representatives and agents (each, a “Manager Party” and, collectively, the “Manager Parties”).
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC), Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)