Common use of Determinations by the Board of Managers Clause in Contracts

Determinations by the Board of Managers. All matters concerning the determination and allocation among the Shareholders of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the Shareholders.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC), Limited Liability Company Agreement (X-Square Balanced Fund, LLC), Limited Liability Company Agreement (X-Square Balanced Fund, LLC)

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Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V IV hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 4 contracts

Samples: Bacap Alternative Mult Strategy Fund LLC, Bacap Alternative Mult Strategy Fund LLC, Bacap Alternative Mult Strategy Fund LLC

Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ramius IDF LLC), Limited Liability Company Agreement (Ramius IDF Master Fund LLC)

Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC), Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC)

Determinations by the Board of Managers. All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Destiny Alternative Fund (TEI) LLC), Limited Liability Company Agreement (Destiny Alternative Fund (Tax Exempt) LLC)

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Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Investors of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersInvestors.

Appears in 1 contract

Samples: Arden Registered Institutional Advisers LLC

Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser or Sub-Adviser, to the extent consistent with its their administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hatteras Global Private Equity Partners Master Fund, LLC)

Determinations by the Board of Managers. (a) All matters concerning the determination and allocation among the Shareholders Members of the amounts to be determined and allocated pursuant to Article V hereof, including any taxes thereon and accounting procedures applicable thereto, shall be determined by the Board of Managers (either directly or by the Adviser, to the extent consistent with its administrative functions, pursuant to delegated authority) unless specifically and expressly otherwise provided for by the provisions of this Agreement or as required by law, and such determinations and allocations shall be final and binding on all the ShareholdersMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (JHW Pan Asia Strategies Master Fund, LLC)

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