Common use of Opening Accounts Clause in Contracts

Opening Accounts. A Series capital account (“Series Capital Account”) with an initial balance equal to such Member’s Initial Capital Contribution, to be adjusted subsequently pursuant to Section 5.4, will be established as to each Member on the books of each Series as of the date on which that Member first makes an Initial Capital Contribution or is otherwise admitted as a Member.

Opening Accounts. A Series capital account (“Series Capital Account”) with an initial balance equal to such Member’s Initial Capital ContributionContribution to AVGF, to be adjusted subsequently pursuant to Section 5.4, will be established as to each Member (whether such Member is a manager or a member) on the books of each Series as of the date on which that Member first makes an Initial Capital Contribution or is otherwise admitted as a Member.