Epstein Secrets

onal and offering expenses include, without limitation, formation costs, offering expenses, expenses associated with preparation of this Agreement, the Confidential Offering Memorandum and other Fund-related documents (but excluding all expenses associated with the negotiation of any Fund-related documents or side letters with inv

terests"), then, notwithstanding any other provision of this Agreement to the contrary, the portion of such BHC Member's (or group of BHC Members') Interest(s) in excess of the Permitted Interests will be deemed to have been compulsorily withdrawn, effective as of immediately prior to the time the Permitte

al and offering expenses include, without limitation, formation costs, offering expenses, expenses associated with preparation of this Agreement, the Confidential Offering Memorandum and other Fund-related documents (but excluding all expenses associated with the negotiation of any Fund-related documents or side letters with i

"Permitted Interests"), then, notwithstanding any other provision of this Agreement to the portion of such BHC Member's (or group of BHC Members') Interest(s) in excess of Interests will be deemed to have been compulsorily withdrawn, effective time the Permitted Interests are exceeded. The Manager shal

1.752-1(a)(2). "Nonrecourse Liability" shall have the meaning specified in Treasury Regulations Section 1.704-2(b(3). "Offering Memorandum" means the Confidential Offering Memorandum of the Fund, dated January 2016, as amended or otherwise supplemented from time to time. "Organizational Expenses" shall mean all costs and expense

as the Member Designee may determine. ER305378-MAXWELL B-6 CONFIDENTIAL UBSTERRAMAR00002028 EFTA00237659 "Initial Member" shall mean UBSFA. "Interest(s)" shall mean, as of any date, the entire limited liability company interest in the Fund owned by a Member as of such date, induding the right of suc