Common use of Subscription Commitment Clause in Contracts

Subscription Commitment. The Subscriber hereby subscribes to purchase as many Units of the indicated Class and the Portfolio of the Fund as may be purchased for the amount(s) set forth in the accompanying Subscriber Information Form completed and signed by the Subscriber (which shall be considered an integral part of this Subscription Agreement) in accordance with the procedures outlined and thereby to become a Member of the applicable Fund under the Fund’s Limited Liability Agreement. Such subscription shall be payable in full in readily available funds by wire transfer to the bank account of the Fund at least one business day prior to the date on which the Subscriber proposes to invest in the Fund. The Subscriber understands that this subscription is not binding on the Fund until accepted by the Fund, and may be rejected by the Fund in its absolute discretion. If so rejected, the Fund shall return to the Subscriber, without interest or deduction, any payment tendered by the Subscriber, and the Fund and the Subscriber shall have no further obligation to each other hereunder. Unless and until rejected by the Fund, this subscription shall be irrevocable by the Subscriber.