Common use of Admission of Holders; Increase in Interests Clause in Contracts

Admission of Holders; Increase in Interests. The Directors, in their discretion, may, from time to time, without a vote of the Holders, permit the admission of an Institutional Investor as a Holder or an increase in the Interest of an Institutional Investor or Institutional Investors (including existing Holders), subject to the provisions of Section 5.1 hereof, and for such type of consideration, including cash or property, at such time or times (including, without limitation, each business day), and on such terms as the Directors may deem best, and may in such manner acquire other assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities) and businesses.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Master Value Opportunities LLC), Limited Liability Company Agreement (Master Basic Value LLC), Limited Liability Company Agreement (Master Government Securities LLC)

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Admission of Holders; Increase in Interests. The Directors, in their discretion, may, from time to time, without a vote of the Holders, permit the admission purchase of an Institutional Investor as a Holder additional Interests of any Series by such Person or an increase in the Interest of an Institutional Investor or Institutional Investors Persons (including existing Holders)) and admission of such Person or Persons as a Holder hereunder, subject to the provisions of Section 5.1 hereof, and for such type of consideration, including cash or property, at such time or times (including, without limitation, each business day), and on such terms as the Directors may deem best, and may in such manner acquire other assets (including the acquisition of assets subject to, and in connection with the assumption of, liabilities) and businesses.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Short Term Bond Master LLC)

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