Annual Administrative Fee. The Manager shall be entitled to receive from each Member with respect to each Series, to offset annual tax and regulatory filings, an annual administrative fee as set forth in the Memorandum, which such fee shall not be considered to be a “Capital Contribution,” “Manager Expense” or a “Fund Expense,” shall be in addition to the Member’s Capital Commitment to the Series, and shall be disregarded in determining the Manager’s Carried Interest, if any. The Manager may reduce or waive such annual administrative fee with respect to any Member or Series in its sole discretion. Mammoth Private Capital, LLC
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
