Allocation of Net Profits and Net Losses. As of the last day of each Fiscal Period, any Net Profits or Net Losses 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.
Appears in 42 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC), Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC)
Allocation of Net Profits and Net Losses. As of the last day of each Fiscal Allocation Period, any Net Profits or Net Losses 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.
Appears in 1 contract
Samples: Separate Series Agreement (Clarion Value Fund Master LLC)
