Accounting Practices. All matters concerning Fund accounting practices shall be determined by the Manager on a fair and equitable basis, and all such determinations shall be final and conclusive as to all Investors. However, the Manager shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors and third parties on an interim basis, the Manager shall be entitled to accrue fees and payments due at the end of a period as if such fee or payment were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Appleton FuturesAccess LLC)
Accounting Practices. All matters concerning Underlying Fund accounting practices shall be determined by the Manager on a fair and equitable basis, and all such determinations shall be final and conclusive as to all InvestorsMembers. However, the Manager shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors Members and third parties on an interim basis, the Manager shall be entitled to accrue fees and payments due at the end of a period as if such fee fees or payment payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC), Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)
