BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 21 contracts
Samples: Limited Liability Company Agreement (Old Mutual 2100 Absolute Return Master Fund, L.L.C.), Limited Liability Company Agreement (Excelsior Low Volatility Hedge Fund of Funds Master Fund LLC), Limited Liability Company Agreement (Robeco-Sage Triton Master Fund, L.L.C.)
BOTH MANAGERS AND MEMBERS. A Member may at the same time also be a Manager and a Memberfor purposes of the Delaware Act, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (CSFB Alternative Capital Event Driven Institutional Fund, LLC), Liability Company Agreement (CSFB Alternative Capital Tactical Trading Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Long/Short Equity Fund, LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or the Adviser and a Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or hereof and as provided in the Delaware Act.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Partners Group Growth, LLC), Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC), Limited Liability Company Agreement (Destiny Alternative Fund LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement hereof or as provided in the Delaware Act.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Man FRM Alternative Multi-Strategy Fund LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Te 2), LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Ti 2), LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time also be a Manager and a MemberManager, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Man-Glenwood Lexington Associates Portfolio LLC), Limited Liability Company Agreement (Man Glenwood Tei LLC), Limited Liability Company Agreement (Man Glenwood Lexington LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or a Special Advisory Member and Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement hereof or as provided in the Delaware Act.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Global Chartist Fund, LLC), Limited Liability Company Agreement (Sawgrass Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or a Special Advisory Member and a Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 4 contracts
Samples: Bacap Alternative Mult Strategy Fund LLC, Bacap Alternative Mult Strategy Fund LLC, Bacap Alternative Mult Strategy Fund LLC
BOTH MANAGERS AND MEMBERS. A Member may at the same time also be a Manager and a Memberfor purposes of the Delaware Act, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Master Fund I, LLC), Limited Liability Company Agreement (Wells Fargo Family Office Master Fund, LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a MemberManager, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or hereof and as provided in the Delaware Act and the 1940 Act. Except for the Manager who serves as the Tax Matters Member, a Manager need not be a Member.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC), Limited Liability Company Operating Agreement (Rochdale Alternative Total Return Fund LLC), Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or a Special Member and Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Mezzacappa Long Short Fund LLC), Mezzacappa Multi Strategy Plus Fund LLC, Mezzacappa Multi Strategy Fund LLC
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Aetos Capital Opportunities Fund, LLC), Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or a Special Advisory Member and Member, in which event such Member's rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or as provided in the Delaware Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or the investment adviser to the Master Fund and a Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or hereof and as provided in the Delaware Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Destiny Alternative Fund (TEI) LLC), Limited Liability Company Agreement (Destiny Alternative Fund (Tax Exempt) LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or the Adviser or Sub-Adviser and a Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or hereof and as provided in the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hatteras Global Private Equity Partners Master Fund, LLC)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or a Special Advisory Member and Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement hereof or as provided in the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)
BOTH MANAGERS AND MEMBERS. A Member may at the same time be a Manager and a Member, or the Adviser and a Member, or the Platform Manager and a Member, in which event such Member's ’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions of this Agreement or hereof and as provided in the Delaware Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Partners Group Private Real Estate (Master), LLC)
