Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date. (b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (HSBC Absolute Return Portolio LLC), Limited Liability Company Agreement (Curan Fund LLC), Limited Liability Company Agreement (Beaumont Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Organization Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Investment Percentages on such Expense Allocation Date.
(b) As of each the Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Organization Expenses shall then shall be re-allocated reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation DateInvestment Percentages.
Appears in 4 contracts
Sources: Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC), Operating Agreement (Asa Hedged Equity Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member member pursuant to this Section 5.11 5.10 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Private Equity Master Fund, LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses shall then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Whistler Fund LLC), Limited Liability Company Agreement (Sawgrass Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 4.8 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational organizational Expenses shall then shall be re-allocated reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 4.7 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses shall then shall be re-allocated reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages Percentage Interests on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.3 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses as of such Expense Allocation Date shall then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages Percentage Interests on such Expense Allocation Date.
Appears in 2 contracts
Sources: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.. ________________________________________
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Pw Redwood Fund LLC), Limited Liability Company Agreement (Pw Sequoia Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.. ------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Liability Company Agreement (Db Absolute Return Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with the value of their respective Capital Percentages Amounts on such Expense Allocation Date.
(b) As of each subsequent Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.10 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses shall then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with the balance of their respective Capital Percentages Accounts on such Expense Allocation Date.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Fund Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Fund Percentages on such Expense Allocation Date.. --------------------------------------------------------
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Db Hedge Strategies Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 5.8 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses shall then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)