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.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives FB TEI Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives TEI Portfolio LLC)
Allocation of Organizational Expenses. (a) Organizational Expenses initially shall be borne by the Advisor Adviser 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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Multi-Strategy Hedge Opportunities LLC)
Allocation of Organizational Expenses. (a) Organizational Expenses initially shall be borne by the Advisor or an affiliateAdviser, 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.
Appears in 1 contract
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
