Examples of Separate Series Operating Agreement in a sentence
Each Series listed on the Series Schedule is subject to this Separate Series Operating Agreement.
The name of e a c h new Series created by this Separate Series Operating Agreement shall be listed on the Series Schedule along with each Series date of creation.
This Separate Series Operating Agreement and the Master Operating Agreement constitute the entire agreement among the parties hereto pertaining to the subject matter hereof and supersede all prior agreements and understandings pertaining thereto.
Authority to manage and administer the business and affairs of each Series shall be vested solely in the Fund Manager and the manager(s) associated with each Series in accordance with this Separate Series Operating Agreement.
It is the intent of the parties hereto for the terms and conditions of this Master Operating Agreement or Separate Series Operating Agreement to be interpreted to the greatest extent possible so as to remain valid and enforceable, and any provision or term of this Master Operating Agreement or Separate Series Operating Agreement found by a court to be invalid, void or unenforceable, shall be rewritten by the court pursuant to this intent.
Except as otherwise provided in a Separate Series Operating Agreement the minimum capital contribution is $250,000, which minimum may be waived by the Fund Manager, in its sole discretion.
This Separate Series Operating Agreement may be executed in any number of counterparts with the same effect as if all parties had signed the same document.
Contributions to Capital By executing the Master Operating Agreement, or a Separate Series Operating Agreement, the Series Members acknowledge that their Capital Accounts in certain Series of the Fund may be subject to a substantial Lock-up Period and that such investments may be highly illiquid in nature.