Common use of Purchase of Additional Units Clause in Contracts

Purchase of Additional Units. Under the Plan, participating Members use distributions to purchase additional units or fractional units at $10,000 per whole unit or the then current price for a unit if different from $10,000. The Manager will credit units purchased under the Plan to the Member’s Capital Account as of the first day of the month following the month in which the Reinvested Distribution is made. If a Member revokes a previous election to participate in the Plan, subsequent to the month in which the Company receives the revocation notice, the Company shall make distributions in cash to the Member instead of reinvesting the distributions in additional units.

Purchase of Additional Units. Under the Plan, participating Members use distributions to purchase additional units or fractional units at $10,000 a price per whole unit or the then current price for a unit if different from $10,000Unit determined in accordance with Section 7.8 above. The Manager will credit units purchased under the Plan to the Member’s Capital Account as of the first day of the month following the month in which the Reinvested Distribution is made. If a Member revokes a previous election to participate in the Plan, subsequent to the month in which the Company receives the revocation notice, the Company shall make distributions in cash to the Member instead of reinvesting the distributions in additional in units.