Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a Member. (b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time. (c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Aetos Capital Opportunities Fund, LLC), Limited Liability Company Agreement (Aetos Distressed Investment Strategies Fund LLC), Limited Liability Company Agreement (Aetos Long Short Strategies Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of ManagersDirectors, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make contributions of capital to the Fund as Managers Directors of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager Adviser may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of ManagersDirectors, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial additional capital contribution of a Member to the capital of the Fund shall be such amount as the Board of ManagersDirectors, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in cash or readily available funds at on or before the date of the proposed acceptance of the contribution.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC), Operating Agreement (Asa Hedged Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time, but in no event shall be less than $50,000. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager Adviser may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 1.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 4.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, cash or payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC), Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a Member. The Investment Manager Advisor may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds or, at the sole discretion of the Board of Managers, in securities, at the date of the proposed acceptance of the contribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Torrey Multi Strategy Partners LLC), Limited Liability Company Agreement (Torrey Us Strategy Partners LLC), Limited Liability Company Agreement (Torrey International Strategy Partners LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a Member. The Investment Manager Advisor may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Torrey Multi Strategy Partners LLC), Limited Liability Company Agreement (Torrey International Strategy Partners LLC), Limited Liability Company Agreement (Torrey Us Strategy Partners LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Mezzacappa Multi Strategy Plus Fund LLC), Limited Liability Company Agreement (Mezzacappa Multi Strategy Fund LLC), Limited Liability Company Agreement (Mezzacappa Long Short Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund's Form N-2 or such other amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a MemberMembers.
(b) The Members may make additional contributions to the capital of the Fund Fund, effective as of such times as the Board of Managers, in its discretion, discretion may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent otherwise provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to timeherein.
(c) Initial Except as otherwise permitted by the Board, (i) initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, and (ii) initial and any additional contributions in cash shall be payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Master Fund, LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund's Form N-2 or such other amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a MemberMembers.
(b) The Members may make additional contributions to the capital of the Fund Fund, effective as of such times as the Board of Managers, in its discretion, discretion may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent otherwise provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to timeherein.
(c) Initial Except as otherwise permitted by the Board, (i) initial and any additional contributions to the capital of the Fund by any Member shall be payable in cashcash or in such Securities that the Board, in its absolute discretion, may agree to accept on behalf of the Fund, and (ii) initial and any additional contributions in cash shall be payable in readily available funds at the date of the proposed acceptance of the contribution. The value of contributed Securities shall be determined in accordance with Section 7.3 hereof as of the date of contribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Curan Fund LLC), Limited Liability Company Agreement (Beaumont Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make contributions of capital to the Fund as Managers Directors of the Fund, but may make contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a MemberMembers.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of ManagersBoard, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereofFund. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (City National Rochdale High Yield Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager Adviser may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Except for the Tax Matters Member, the Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager may who serves as the Tax Matters Member is required to make contributions to a contribution and own Units in the capital of the Fund as a MemberFund.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of ManagersBoard, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereofFund. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale Alternative Total Return Fund LLC), Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution. The Board of Managers may, in its sole discretion, allow initial and additional capital contributions in kind subject to the investment objectives and strategies set forth in the Fund's Form N-2.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mezzacappa Partners, LLC), Limited Liability Company Agreement (Mezzacappa Partners, LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a MemberMembers.
(b) The Members may make additional contributions to the capital of the Fund Fund, effective as of such times as the Board of Managers, in its discretion, discretion may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent otherwise provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to timeherein.
(c) Initial Except as otherwise permitted by the Board, (i) initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, and (ii) initial and any additional contributions in cash shall be payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CPG Carlyle Private Equity Master Fund, LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member and the Units held by each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as a MemberMembers. The Investment Manager may Adviser may, but shall not, except as provided in Section 2.7(b), be required to, make contributions to the any capital of the Fund as a Membercontributions.
(b) The Members may make additional contributions to the capital of the Fund Fund, effective as of such times as the Board of Managers, in its discretion, discretion may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent otherwise provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to timeherein.
(c) Initial Except as otherwise permitted by the Board, (i) initial and any additional contributions to the capital of the Fund by any Member shall be payable in cashcash or in such Securities that the Board, in its absolute discretion, may agree to accept on behalf of the Fund, and (ii) initial and any additional contributions in cash shall be payable in readily available funds at the date of the proposed acceptance of the contribution. The value of contributed Securities shall be determined in accordance with Section 7.2 hereof as of the date of contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SCS Hedged Opportunities (1099) Fund, LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Except for the Tax Matters Member, the Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager may who serves as the Tax Matters Member is required to make contributions to a contribution and own Units in the capital of the Fund as a MemberFund.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of ManagersBoard, in its discretion, may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 hereofFund. The minimum initial additional capital contribution of a Member to the capital of the Fund shall be such amount as the Board of ManagersBoard, in its sole discretion, may determine from time to time.
(c) Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, payable in readily available funds at the date of the proposed acceptance of the contribution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its discretion, may determine from time to time, but in no event shall be less than $50,000. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make contributions of capital to the Fund as Managers of the Fund, but may make contributions to the capital of the Fund as a MemberMembers. The Investment Manager Adviser may make contributions to the capital of the Fund as a Member.
(b) Members may make additional contributions to the capital of the Fund effective as of such times as the Board of Managers, in its discretion, may permit, subject to Section 2.7 1.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent provided in Section 5.6 4.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to time.
(c) [Initial and any additional contributions to the capital of the Fund by any Member shall be payable in cash, cash or payable in readily available funds at the date of the proposed acceptance of the contribution.]
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bacap Alternative Mult Strategy Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board of Managers, in its discretion, may determine from time to time. The amount of the initial contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as a Member. The Investment Manager may make contributions to the capital of the Fund as a MemberMembers.
(b) The Members may make additional contributions to the capital of the Fund Fund, effective as of such times as the Board of Managers, in its discretion, discretion may permit, subject to Section 2.7 hereof, but no Member shall be obligated to make any additional contribution to the capital of the Fund except to the extent otherwise provided in Section 5.6 hereof. The minimum initial capital contribution of a Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole discretion, may determine from time to timeherein.
(c) Initial Except as otherwise permitted by the Board, (i) initial and any additional contributions to the capital of the Fund by any Member shall be payable in cashcash or in such Securities that the Board, in its absolute discretion, may agree to accept on behalf of the Fund, and (ii) initial and any additional contributions in cash shall be payable in readily available funds at the date of the proposed acceptance of the contribution. The value of contributed Securities shall be determined in accordance with Section 7.3 hereof as of the date of contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Curan Fund LLC)