Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $10,000 for Class 0 Units and $10,000 for Class 2 Units, or such lesser amount as the Manager may permit. Initial contributions to the capital of the Company may be accepted on the first day of each calendar month (or on such other day as may be approved in advance by the Manager). (b) The Members may make additional contributions to the capital of the Company at such times and in such amounts as the Manager may permit. No Member shall be obligated to make any additional contribution to the capital of the Company. (c) The Manager may make additional contributions to the capital of the Company at any time. The Manager has been issued the Management Units. (d) Except as otherwise permitted by the Manager, in its sole discretion (i) initial and any additional contributions to the capital of the Company by any Member shall be payable in cash or in such Investments, valued in accordance with Section 7.2, as the Manager may agree to accept on behalf of the Company, and (ii) initial and any additional contributions shall be payable in one installment and shall be paid prior to the date of the proposed acceptance of the contribution (or within five business days thereafter with the Manager's approval). (e) The Company shall issue additional Units to Members making additional contributions to the capital of the Company. The number of Units shall be determined by dividing the amount of the additional contribution by the Net Asset Value Per Unit of the Class of Units for which the Member is subscribing as of the effective date of the contribution.
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Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $10,000 50,000 for Class 0 Units and $10,000 50,000 for Class 2 Units, or such lesser amount as the Manager may permit. Initial contributions to the capital of the Company may be accepted on the first day of each calendar month (or on such other day as may be approved in advance by the Manager).
(b) The Members may make additional contributions to the capital of the Company at such times and in such amounts as the Manager may permit. No Member shall be obligated to make any additional contribution to the capital of the Company.
(c) The Manager may make additional contributions to the capital of the Company at any time. The Manager has been issued the Management Units.
(d) Except as otherwise permitted by the Manager, in its sole discretion (i) initial and any additional contributions to the capital of the Company by any Member shall be payable in cash or in such Investments, valued in accordance with Section 7.2, as the Manager may agree to accept on behalf of the Company, and (ii) initial and any additional contributions shall be payable in one installment and shall be paid prior to the date of the proposed acceptance of the contribution (or within five business days thereafter with the Manager's ’s approval).
(e) The Company shall issue additional Units to Members making additional contributions to the capital of the Company. The number of Units shall be determined by dividing the amount of the additional contribution by the Net Asset Value Per Unit of the Class of Units for which the Member is subscribing as of the effective date of the contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $10,000 50,000 for Class 0 Units, $50,000 for Class 1 Units and $10,000 50,000 for Class 2 Units, or such lesser amount as the Manager may permit. Initial contributions to the capital of the Company may be accepted on the first day of each calendar month (or on such other day as may be approved in advance by the Manager).
(b) The Members may make additional contributions to the capital of the Company at such times and in such amounts as the Manager may permit. No Member shall be obligated to make any additional contribution to the capital of the Company.
(c) The Manager may make additional contributions to the capital of the Company at any time. The Manager has been issued the Management Units.
(d) Except as otherwise permitted by the Manager, in its sole discretion (i) initial and any additional contributions to the capital of the Company by any Member shall be payable in cash or in such Investments, valued in accordance with Section 7.2, as the Manager may agree to accept on behalf of the Company, and (ii) initial and any additional contributions shall be payable in one installment and shall be paid prior to the date of the proposed acceptance of the contribution (or within five business days thereafter with the Manager's approval).
(e) The Company shall issue additional Units to Members making additional contributions to the capital of the Company. The number of Units shall be determined by dividing the amount of the additional contribution by the Net Asset Value Per Unit of the Class of Units for which the Member is subscribing as of the effective date of the contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $10,000 for Class 0 Units, $10,000 for Class 1 Units and $10,000 for Class 2 Units, or such lesser amount as the Manager may permit. Initial contributions to the capital of the Company may be accepted on the first day of each calendar month (or on such other day as may be approved in advance by the Manager).
(b) The Members may make additional contributions to the capital of the Company at such times and in such amounts as the Manager may permit. No Member shall be obligated to make any additional contribution to the capital of the Company.
(c) The Manager may make additional contributions to the capital of the Company at any time. The Manager has been issued the Management Units.
(d) Except as otherwise permitted by the Manager, in its sole discretion (i) initial and any additional contributions to the capital of the Company by any Member shall be payable in cash or in such Investments, valued in accordance with Section 7.2, as the Manager may agree to accept on behalf of the Company, and (ii) initial and any additional contributions shall be payable in one installment and shall be paid prior to the date of the proposed acceptance of the contribution (or within five business days thereafter with the Manager's approval).
(e) The Company shall issue additional Units to Members making additional contributions to the capital of the Company. The number of Units shall be determined by dividing the amount of the additional contribution by the Net Asset Value Per Unit of the Class of Units for which the Member is subscribing as of the effective date of the contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)