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, Organization Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages on such Expense Allocation Date.
(b) As of the Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Expenses shall then be reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment Percentages.
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.
(b) If the Advisor is fully reimbursed before the 12-month anniversary of the Closing Date, as of each Expense Allocation Date during the remainder of such 12-month period, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.16 on the preceding Expense Allocation Date shall be credited to the Capital Account of such Member, and Organizational Expenses shall then be re-allocated among and debited against the Capital Accounts of all Members in accordance with the balance of their respective Capital Accounts on such 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. (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.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.11 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses then shall be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Capital Percentages on such Expense Allocation Date. ________________________________________
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 Percentage Interests on such Expense Allocation Date.
(b) As of each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member pursuant to this Section 5.3 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organizational Expenses as of such Expense Allocation Date shall then be re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Percentage Interests on such Expense Allocation Date.
Allocation of Organizational Expenses. 17 SECTION 5.10. Distributions.............................................................. 17 ARTICLE 6 -
Allocation of Organizational Expenses. 24 Section 5.9. Tax Allocations.............................................24 Section 5.10. Distributions...............................................26 Section 5.11. Withholding.................................................26
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.
