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 at ten dollars ($10.00) per Unit or such Whole Units and fraction of a Unit that the reinvested distributions will purchase at ten dollars ($10) per unit. The Manager will credit Units purchased under the Plan to the Member's Capital Account as of the first day of the calendar quarter following the calendar quarter in which the Reinvested Distribution is made. If a Member revokes a previous election to participate in the Plan, subsequent to the calendar quarter 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.

Purchase of Additional Units. Under the Plan, participating Members use distributions to purchase additional Units at ten one thousand dollars ($10.001,000.00) per Unit or Unit. Members may reinvest fractionalized distributions under the Plan and for each $1,000.00 in distributions reinvested, such Whole Units and fraction of a Unit that the reinvested distributions Member will purchase at ten dollars ($10) per unitacquire one Unit. The Manager will credit Units purchased under the Plan to the Member's Capital Account as of the first day of the calendar quarter month following the calendar quarter month in which the Reinvested Distribution is made. If a Member revokes a previous election to participate in the Plan, subsequent to the calendar quarter 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.