Series of Units. An initial series of Units (the "Initial Series") will be issued on the initial closing date. The initial purchase price per Unit for the Initial Series of Units shall be $100. The Managing Member may, at any time and from time to time, in its sole discretion, elect to raise additional capital for the Company from Members and from new subscribers on such terms and conditions as may be determined by the Managing Member in its sole discretion. Generally, a new series of Units will be issued on each date an existing Member makes an additional Capital Contribution in accordance with Section 4.02 and on each date a new Member is admitted to the Company in accordance with Section 3.03, except that the Managing Member may issue additional Units of an existing series provided that such issuance does not have an adverse effect on the NAV or Prior High NAV (as defined in Section 4.05(b)(i)) of the Units of any Member. Each Unit will carry equal rights and privileges with each other Unit of the same series. Units issued at the beginning of any fiscal year will be offered at the then current NAV per Unit of the Initial Series if such Initial Series is at or above its Prior High NAV per Unit. If the Initial Series is not at or above its Prior High NAV per Unit, Units will be issued in the next offered series that is at or above its Prior High NAV. If no series of Units is at or above its Prior High NAV at such time, such additional Units will be issued as a separate series at a price per Unit determined by the Managing Member, in its sole discretion. Fractions of Units may be issued to one ten-thousandth of a Unit.
Series of Units. The Fund is permitted to issue an unlimited number of series of Units (each, a “Series”) having such terms and conditions as the Manager may determine. Three Series of Units of the Fund are offered under the Offering Memorandum and this Subscription Agreement: Series A Units, Series I Units and Series F Units. Series I Units may only be purchased by certain Subscribers, in the discretion of the Manager, who have entered into a Series I agreement with the Manager. Series F Units may only be purchased by Subscribers who are enrolled in a sponsored fee-for-service or wrap program with their Dealer. The Subscriber acknowledges that if the Subscriber fails to indicate below the Series of Units such Subscriber is subscribing for, the Subscriber shall be deemed to subscribe for Series A Units of the Fund, the number of which shall equal the amount set forth below at the Series Net Asset Value of Series A Units on the applicable Valuation Day, in the discretion of the Manager.
Series of Units. The Units shall be divided into three series of Units: Series A Preferred Units, Series B Preferred Units and Series C Common Units, as follows:
Series of Units. (a) (i) As contemplated by Section 18-215(b) of the Act, the Platform shall establish separate Series, each of which shall invest substantially all of its capital, directly or indirectly, in: (i) in the case of a single advisor Series, a Trading Fund engaged directly or indirectly in Futures Interest trading, (ii) a Trading Fund that is an already existing fund; or (iii) in the case of a multi-advisor Series, one or more funds engaged directly or indirectly in Futures Interest trading.
Series of Units. An initial series of Units (the "Initial Series") will be issued on the initial closing date. The initial purchase price per Unit for the Initial Series of Units shall be $100. The Managing Member may, at any time and from time to time, in its sole discretion, elect to raise additional capital for the Company from Members and from new subscribers on such terms and conditions as may be determined by the Managing Member in its sole discretion. Generally, a new series of Units will be issued on each date an existing Member makes an additional Capital Contribution in accordance with Section 4.02 and on each date a new Member is admitted to the Company in accordance with Section 3.03, except that the Managing Member may issue additional Units of an existing series provided that such issuance does not have an adverse effect on the NAV or Prior High NAV (as defined in Section 4.05(b)(i)) of
Series of Units. (a) (i) As contemplated by Section 18-215(b) of the Act, the Platform shall establish separate Series, each of which shall invest substantially all of its capital, directly or indirectly, in a Trading Fund formed as a limited liability company under the Act or as such other limited liability entity as determined by the Sponsor and of which such Series (or the applicable Intermediate Fund, if any) is the only Member or in a Trading Fund that is an already existing fund.
Series of Units. The ownership of the Company shall be divided into Series A Units and Series B Units, each having the preferences, limitations, and rights as set forth herein. Any Units issued and outstanding prior to the Effective Date are hereby cancelled for all purposes.
Series of Units. All beneficial interests in each Fund shall be described by, referenced to and divided into, Units that may be issued in an unlimited number of Series of a single Class. The Series of the single Class of Units authorized for each Fund shall be shown from time to time in the Disclosure Documents and in Schedule A to the Declaration of Trust. Subject to Article 9, additional Series of the single Class of Units of a Fund may be created, by revising Schedule A, and any Series of Units of a Fund may be designated or redesignated from time to time by the Trustee upon the direction of the Manager without notice to existing Unitholders.
Series of Units. Admission of New members
