Michigan Subscription Agreement - A Section 3C1 Fund

• Category: Contracts - Equity Funds
• State: Multi-State
• Control #: US-PE-J1AM
• Format: Word; Rich Text

Description

This is a sample private equity company form, a Subscription Agreement. Available in Word format. A Michigan Subscription Agreement — A Section 3C1 Fund, also referred to as a Michigan 3C1 Fund Subscription Agreement, is a legal document that outlines the terms and conditions under which an investor can purchase shares in a Section 3C1 fund located in Michigan. This type of fund is specifically designed to qualify for the Section 3C1 exemption of the Investment Company Act of 1940. Key components of the Michigan Subscription Agreement — A Section 3C1 Fund typically include: 1. Parties: The agreement identifies the parties involved, including the fund manager or general partner offering the shares (often referred to as the "Issuer") and the investor(s) subscribing to the shares (often referred to as the "Subscriber(s)"). 2. Subscription Details: This section provides information about the type of shares being subscribed to, including the number of shares, the subscription price per share, and the total subscription amount. It may also outline any minimum or maximum investment requirements. 3. Representations and Warranties: The Subscriber is required to make various representations and warranties, usually regarding their investment expertise, financial status, and compliance with applicable laws. This ensures that the investor meets the eligibility criteria set by the fund. 4. Transfer and Redemption Restrictions: The agreement may establish limitations on the transferability of shares, such as lock-up periods or restrictions on transfers to certain individuals or entities. It may also outline the conditions under which the investor can request redemption or withdrawal of their investment. 5. Subscription Procedure: This section outlines the steps and processes for subscribing to the shares, including the submission of subscription documents, payment of the subscription amount, and any accompanying legal or financial documentation required. 6. Risk Disclosures: The agreement typically includes a section highlighting the risks associated with investing in the fund, such as market volatility, potential loss of investment, and regulatory changes. It aims to ensure that the Subscriber is aware of the risks before making an investment decision. 7. Governing Law and Dispute Resolution: The agreement may specify the jurisdiction whose laws will govern the interpretation and enforcement of the agreement. It may also outline the methods for resolving disputes, such as arbitration or mediation. Different types of Michigan Subscription Agreement — A Section 3C1 Fund may exist depending on the specific fund structure, investment strategy, or targeted investor base. For example, there could be: 1. Michigan 3C1 Hedge Fund Subscription Agreement: This type of agreement would apply to a hedge fund operating as a Section 3C1 fund in Michigan. 2. Michigan 3C1 Private Equity Fund Subscription Agreement: This agreement would pertain to a private equity fund structured as a Section 3C1 fund in Michigan. 3. Michigan 3C1 Real Estate Fund Subscription Agreement: This type of agreement would be relevant to a real estate fund operating as a Section 3C1 fund in Michigan.

A Michigan Subscription Agreement — A Section 3C1 Fund, also referred to as a Michigan 3C1 Fund Subscription Agreement, is a legal document that outlines the terms and conditions under which an investor can purchase shares in a Section 3C1 fund located in Michigan. This type of fund is specifically designed to qualify for the Section 3C1 exemption of the Investment Company Act of 1940. Key components of the Michigan Subscription Agreement — A Section 3C1 Fund typically include: 1. Parties: The agreement identifies the parties involved, including the fund manager or general partner offering the shares (often referred to as the "Issuer") and the investor(s) subscribing to the shares (often referred to as the "Subscriber(s)"). 2. Subscription Details: This section provides information about the type of shares being subscribed to, including the number of shares, the subscription price per share, and the total subscription amount. It may also outline any minimum or maximum investment requirements. 3. Representations and Warranties: The Subscriber is required to make various representations and warranties, usually regarding their investment expertise, financial status, and compliance with applicable laws. This ensures that the investor meets the eligibility criteria set by the fund. 4. Transfer and Redemption Restrictions: The agreement may establish limitations on the transferability of shares, such as lock-up periods or restrictions on transfers to certain individuals or entities. It may also outline the conditions under which the investor can request redemption or withdrawal of their investment. 5. Subscription Procedure: This section outlines the steps and processes for subscribing to the shares, including the submission of subscription documents, payment of the subscription amount, and any accompanying legal or financial documentation required. 6. Risk Disclosures: The agreement typically includes a section highlighting the risks associated with investing in the fund, such as market volatility, potential loss of investment, and regulatory changes. It aims to ensure that the Subscriber is aware of the risks before making an investment decision. 7. Governing Law and Dispute Resolution: The agreement may specify the jurisdiction whose laws will govern the interpretation and enforcement of the agreement. It may also outline the methods for resolving disputes, such as arbitration or mediation. Different types of Michigan Subscription Agreement — A Section 3C1 Fund may exist depending on the specific fund structure, investment strategy, or targeted investor base. For example, there could be: 1. Michigan 3C1 Hedge Fund Subscription Agreement: This type of agreement would apply to a hedge fund operating as a Section 3C1 fund in Michigan. 2. Michigan 3C1 Private Equity Fund Subscription Agreement: This agreement would pertain to a private equity fund structured as a Section 3C1 fund in Michigan. 3. Michigan 3C1 Real Estate Fund Subscription Agreement: This type of agreement would be relevant to a real estate fund operating as a Section 3C1 fund in Michigan.