Effect of Accounting Determination. Except with respect to the distributive interest of the Members determined in accordance with this Agreement, the value of accounts of the Company, as ascertained and determined at the end of each fiscal year, shall be conclusive upon each Member, unless it shall make objection to the same in writing, delivered to the Company within 20 days after receipt by a Member of a statement of its account as sent to such Member at the end of each fiscal year. In the absence of such written objection, the valuation of each account shall not thereafter be questioned by a Member or by its legal representatives.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund), Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund), Limited Liability Company Agreement (FRONTIER MASTERS SERIES, a Series of the Frontier Fund)
Effect of Accounting Determination. Except with respect to the distributive interest of the Members Member determined in accordance with this Agreement, the value of accounts of the Company, as ascertained and determined at the end of each fiscal year, shall be conclusive upon each the Member, unless it shall make objection to the same in writing, delivered to the Company within 20 days after receipt by a the Member of a statement of its account as sent to such the Member at the end of each fiscal year. In the absence of such written objection, the valuation accuracy of each account shall not thereafter be questioned by a the Member or by its legal representatives.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Frontier Fund)
