Decreases and Withdrawals. A Member shall have the right as set forth in the Registration Statement and subject to applicable Law to decrease its Units in the Company and to withdraw completely from, at the next determined net asset value attributable to the Units (or portion thereof) being withdrawn, and an appropriate adjustment therefor shall be made to such Member's Capital Account. The rights of such "Redeeming Member" upon withdrawal from the Company shall be limited to the assets belonging to the class with respect to which the withdrawal is made. The Company may, subject to compliance with the Investment Company Act, charge fees for effecting such decrease or withdrawal, at such rates as the Directors may establish. The procedures for effecting decreases or withdrawals shall be as determined by the Directors from time to time, subject to the requirements of the Investment Company Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master International Value Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)
Decreases and Withdrawals. A Member shall have the right as set forth in the Registration Statement and subject to applicable Law to decrease its Units in the Company and to withdraw completely from, at the next determined net asset value attributable to the Units (or portion thereof) being withdrawn, and an appropriate adjustment therefor shall be made to such Member's ’s Capital Account. The rights of such "“Redeeming Member" ” upon withdrawal from the Company shall be limited to the assets belonging to the class with respect to which the withdrawal is made. The Company may, subject to compliance with the Investment Company Act, charge fees for effecting such decrease or withdrawal, at such rates as the Directors may establish. The procedures for effecting decreases or withdrawals shall be as determined by the Directors from time to time, subject to the requirements of the Investment Company Act.
Appears in 1 contract
Samples: Oppenheimer Master Inflation (Oppenheimer Master Inflation Protected Securities Fund, LLC)