Allocation of Organizational Expenses. The Manager will allocate among the Members a monthly expense to reimburse the Manager for the Company’s organizational expenses and initial offering costs.
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.
Allocation of Organizational Expenses. (a) Organizational Expenses initially shall be borne by the Advisor or an affiliate, who shall be reimbursed for such expenses by the Company over a period not to exceed 12 months from the Closing Date. Such reimbursements shall be allocated among and debited against the Capital Accounts of the Members during such 12-month period in accordance with the value of their respective Capital Accounts on each applicable Expense Allocation Date.
Allocation of Organizational Expenses. Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Investors as of the last day of the Fiscal Period in which such expenses were incurred by the Fund in proportion to their respective Capital Account balances as of the first day of such Fiscal Period.
Allocation of Organizational Expenses. 22 5.10 Withholding.........................................................................23
Allocation of Organizational Expenses. 21 Section 8.8. Allocation of Certain Expenditures...................................... 21 Section 8.9. Reserves................................................................ 21 Section 8.10. Tax Allocations......................................................... 22 Section 8.11. Distributions........................................................... 22 Section 8.12. Withholding............................................................. 22 Section 8.13. Tax Matters Partner..................................................... 23 Section 8.14.
Allocation of Organizational Expenses. Organizational Expenses will be written off for financial statement purposes on the first day on which the Fund undertakes operations. Initial and Ongoing Offering Expenses are governed by Section 8.5.
Allocation of Organizational Expenses. Organizational Expenses and any other expenses in connection with offering Units of the Fund and/or any expenses related to or in connection with any transfer of Units and/or repurchasing Units pursuant to Section 4.5, shall generally be treated as expenses of the Fund included in the computation of Net Profit and/or Net Loss (except to the extent that the Investment Adviser or another party determines in its discretion that it will assume, reimburse, and/or waive such expense). The Board may alternatively choose to amortize such expenses over a period of time to be determined by the Board. The Board may also allocate organizational and offering expenses (on an Expense Allocation Date or on such other date chosen by the Board) among the Members in a manner that allocates such expenses to Members purchasing Units in one or more offerings of Units. The Board may also allocate expenses of any transfer of Units to either the transferor and/or transferee and expenses of any repurchase of Units may be allocated to the Members whose Units are repurchased.
Allocation of Organizational Expenses. 17 SECTION 5.10. Distributions.............................................................. 17 ARTICLE 6 -
Allocation of Organizational Expenses. The Fund's Organizational Expenses will initially be borne by the Adviser. The Fund will reimburse the Adviser for these expenditures, through monthly expense allocations to Investor's capital accounts, for a period not to exceed the first twelve months after the Closing Date. The Adviser has agreed to limit the amount of each monthly reimbursement payment by the Investors to [_____]% ([___]% on an annualized basis) of the Fund's net assets as of the end of each month during such period. If after the twelfth month following the Closing Date, all of the Organizational Expenses and offering costs have not been reimbursed to the Adviser from the monthly expense allocations, the Adviser will bear the remaining portion of such expenditures. If the Adviser is completely reimbursed before the end of such twelve-month period, then during the remainder of the twelve-month period, newly admitted Investors, and exiting Investors that subscribe for additional Interests, will be allocated a proportionate share of the amount previously reimbursed to the Adviser.
