Common use of Private Placement of Units Clause in Contracts

Private Placement of Units. The Member Designee, on behalf of the Company shall (a) cause to be filed a Private Placement Offering Memorandum and Disclosure Document, and such amendments thereto as the Member Designee deems advisable, with the CFTC and/or the NFA for private placement of the Units, and (b) qualify the Units for sale under the securities laws of such States of the United States as the Member Designee shall deem advisable. The Member Designee may make such other arrangements for the sale of the Units as it deems appropriate including, without limitation, the execution on behalf of the Company of an agency agreement with UBSFS as an agent of the Company for the offer and sale of the Units as contemplated in the Memorandum.

Private Placement of Units. The Member Designee, on behalf of the Company shall (a) cause to be filed a Private Placement Offering Memorandum private placement offering memorandum and Disclosure Documentdisclosure document, and such amendments thereto as the Member Designee deems advisable, with the CFTC and/or the NFA for private placement of the Units, and (b) qualify the Units for sale under the securities laws of such States of the United States as the Member Designee shall deem advisable. The Member Designee may make such other arrangements for the sale of the Units as it deems appropriate including, without limitation, the execution on behalf of the Company of an agency agreement with UBSFS as an agent of the Company for the offer and sale of the Units as contemplated in the Memorandum.