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.
Appears in 4 contracts
Samples: Operating Agreement (Asa Debt Arbitrage Fund LLC), Operating Agreement (Asa Hedged Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the 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 5.9 5.11 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Organizational Expenses then shall then be reallocated re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (HSBC Absolute Return Portolio LLC), Limited Liability Company Agreement (Curan Fund LLC), Limited Liability Company Agreement (Beaumont Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the 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 5.9 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Organizational Expenses shall then be reallocated re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sawgrass Fund LLC), Limited Liability Company Agreement (Whistler Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the each Expense Allocation Date following the first Expense Allocation Date, all amounts previously debited against the Capital Account of a Member member pursuant to this Section 5.9 5.10 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Organizational Expenses then shall then be reallocated re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Private Equity Master Fund, LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the 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 5.9 4.7 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Organizational Expenses shall then be reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the 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 5.9 4.8 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization organizational Expenses shall then be reallocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Allocation of Organizational Expenses. (a) As of the first Expense Allocation Date, Organization Organizational Expenses shall be allocated among and debited against the Capital Accounts of the Members in accordance with their respective Investment Capital Percentages on such Expense Allocation Date.
(b) As of the 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 5.9 5.8 on the preceding Expense Allocation Date will be credited to the Capital Account of such Member, and Organization Organizational Expenses shall then be reallocated re-allocated among and debited against the Capital Accounts of all Members in accordance with their respective Investment PercentagesCapital Percentages on such Expense Allocation Date.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)
