Allocation of Net Profit and Net Loss. As of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period. If a Member has made more than one capital contribution, the allocation of Net Profit or Net Loss shall be determined as if each such capital contribution was a separate Capital Account of such Member.
Appears in 5 contracts
Sources: Limited Liability Company Agreement (Mezzacappa Partners, LLC), Limited Liability Company Agreement (Mezzacappa Multi Strategy Plus Fund LLC), Limited Liability Company Agreement (Mezzacappa Long Short Fund LLC)
Allocation of Net Profit and Net Loss. As of the last day of each Fiscal Allocation Period, any Net Profit or Net Loss for the Fiscal Allocation Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Allocation Period. If a Member has made more than one capital contribution, the allocation of Net Profit or Net Loss shall be determined as if each such capital contribution was a separate Capital Account of such Member.
Appears in 3 contracts
Sources: Operating Agreement (PARADIGM Multi Strategy Fund, LLC), Operating Agreement (Acp Continuum Return Fund Ii LLC), Operating Agreement (Acp Strategic Opportunities Fund Ii LLC)
Allocation of Net Profit and Net Loss. As of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period. If a Member has made more than one capital contribution, the allocation of Net Profit or Net Loss shall be determined as if each such capital contribution was a separate Capital Account of such Member.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Ramius IDF LLC), Limited Liability Company Agreement (Ramius IDF Master Fund LLC)
Allocation of Net Profit and Net Loss. As of the last day of each Fiscal Period, any Net Profit or Net Loss for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members Investors in accordance with their respective Investment Percentages Capital Account balances for such Fiscal Period. If a Member has made more than one capital contribution, the allocation of Net Profit or Net Loss shall be determined as if each such capital contribution was a separate Capital Account of such Member.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Arden Registered Institutional Advisers LLC)