Common use of Distribution of Units Clause in Contracts

Distribution of Units. (a) Subject to the terms and conditions set forth herein, the Fund appoints the Distributor as its non-exclusive distributor in connection with the offer and sale of Units, and the Distributor hereby accepts such appointment and agrees to use its reasonable best efforts to offer and sell Units to investors whom the Distributor reasonably believes meet the eligibility requirements set forth in the Registration Statement and to use all reasonable efforts to assist the Fund in closing the sale of Units by each investor who submits a Subscription Agreement (as defined below). Unless otherwise agreed by the parties, the Fund and/or CSFB Alternative Capital, Inc., investment adviser and services agent to the Fund (the "Investment Adviser" or the "Services Agent"), shall be responsible for reviewing each Subscription Agreement to confirm that it has been completed in accordance with the instructions thereto and that each has been completed by or on behalf of an "Eligible Investor" as described in the Registration Statement. The Fund and/or the Services Agent, in its or their sole discretion, may return to the Distributor any Subscription Agreement that is not completed to its or their satisfaction and shall be under no obligation to accept any Subscription Agreement. The Distributor is not obligated to sell any specific number of Units or to purchase any Units for its own account. The Fund shall be entitled to appoint additional distributors.

Appears in 10 contracts

Samples: Distribution Agreement (CSFB Alternative Capital Relative Value Fund, LLC), Distribution Agreement (CSFB Alternative Capital Tactical Trading Institutional Fund, LLC), Distribution Agreement (CSFB Alternative Capital Event Driven Institutional Fund, LLC)

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Distribution of Units. (a) Subject to the terms and conditions set forth herein, the Fund appoints the Distributor as its non-exclusive distributor in connection with the offer and sale of Units, and the Distributor hereby accepts such appointment and agrees to use its reasonable best efforts to offer and sell Units to investors whom the Distributor reasonably believes meet the eligibility requirements set forth in the Registration Statement and to use all reasonable efforts to assist the Fund in closing the sale of Units by each investor who submits a Subscription Agreement (as defined below). Unless otherwise agreed by the parties, the Fund and/or CSFB Credit Suisse Alternative Capital, Inc., investment adviser and services agent to the Fund (the "Investment Adviser" or the "Services Agent"), shall be responsible for reviewing each Subscription Agreement to confirm that it has been completed in accordance with the instructions thereto and that each has been completed by or on behalf of an "Eligible Investor" as described in the Registration Statement. The Fund and/or the Services Agent, in its or their sole discretion, may return to the Distributor any Subscription Agreement that is not completed to its or their satisfaction and shall be under no obligation to accept any Subscription Agreement. The Distributor is not obligated to sell any specific number of Units or to purchase any Units for its own account. The Fund shall be entitled to appoint additional distributors.

Appears in 2 contracts

Samples: Distribution Agreement (Credit Suisse Alternative Capital Long/Short Equity Institutional Fund, LLC), Distribution Agreement (Credit Suisse Alternative Capital Long/Short Equity Fund, LLC)

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Distribution of Units. (a) Subject to the terms and conditions set forth herein, the Fund appoints Funds appoint the Distributor as its their non-exclusive distributor in connection with the offer and sale of Units, and the Distributor hereby accepts such appointment and agrees to use its reasonable best efforts to offer and sell Units to investors whom the Distributor reasonably believes meet the eligibility requirements set forth in the Registration Statement and to use all reasonable efforts to assist the Fund Funds in closing the sale of Units by each investor who submits a Subscription Agreement (as defined below). Unless otherwise agreed by the parties, the Fund Funds and/or CSFB Alternative Capital, Inc., investment adviser and services agent to the Fund Funds (the "Investment Adviser" or the "Services Agent"), shall be responsible for reviewing each Subscription Agreement to confirm that it has been completed in accordance with the instructions thereto and that each has been completed by or on behalf of an "Eligible Investor" as described in the Registration Statement. The Fund Funds and/or the Services Agent, in its or their sole discretion, may return to the Distributor any Subscription Agreement that is not completed to its or their satisfaction and shall be under no obligation to accept any Subscription Agreement. The Distributor is not obligated to sell any specific number of Units or to purchase any Units for its own account. The Fund Funds shall be entitled to appoint additional distributors.

Appears in 2 contracts

Samples: Distribution Agreement (CSFB Alternative Capital Multi-Strategy Fund, LLC), Distribution Agreement (CSFB Alternative Capital Multi-Strategy Institutional Fund, LLC)

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