Common use of Subscription for an Interest Clause in Contracts

Subscription for an Interest. Subject to the terms and conditions set forth in this Agreement, the Investor agrees: (a) to purchase from the Company an Interest at a purchase price equal to the amount set forth on the Investor’s signature page hereto on the line captioned “Capital Commitment” or such lesser amount as the Manager may accept pursuant to paragraph 3(b) of this Agreement (the Investor’s “Capital Commitment”), payable in the manner and at the times provided in the LLC Agreement; (b) to the extent the Investor is not already a party to the LLC Agreement, to become a party to, and be bound by all the terms and provisions of, the LLC Agreement and to perform all obligations therein imposed upon a Member with respect to the Investor’s Interest; and (c) to the extent the Investor is not already a Member, to become a Member.