ALLOCATION OF ORGANIZATION EXPENSES. (a) As of the first Expense Allocation Date, Organization 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.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC), Limited Liability Company Agreement (Excelsior Low Volatility Hedge Fund of Funds Master Fund LLC), Limited Liability Company Agreement (Old Mutual 2100 Absolute Return Master Fund, L.L.C.)