Fiscal Period. The period commencing on the Closing Date of the Company, and thereafter each period commencing on the day following the last day of the preceding Fiscal Period, and ending at the close of business on the first to occur of the following dates: (a) the last day of a Fiscal Year; (b) the last day of a Taxable Year; (c) the day preceding the date on which a contribution to the capital of the Company is made; (d) the day on which a substitute member is admitted; (e) the day on which the Company repurchases any Interest, or portion of an Interest, of a Member; (f) any day on which any amount is credited to, or debited against, the Capital Account of a Member, other than an amount to be credited to, or debited against, the Capital Account of all Members in accordance with their respective Investment Percentages; or (g) the last day of a fiscal period of any Master Fund.
Appears in 25 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC)
Fiscal Period. The period commencing on the Closing Date of the Company, and thereafter each period commencing on the day following the last day of the preceding Fiscal Period, and ending at the close of on business on the first to occur of the following dates:
(a) the last day of a Fiscal Year;
(b) the last day of a Taxable Year;
(c) the day preceding the date on which a contribution to the capital of the Company is made;
(d) the day on which a substitute member is admitted;
(e) the day on which the Company repurchases any Interest, or portion of an Interest, of a Member;; or
(f) any day on which any amount is credited to, or debited against, the Capital Account of a Member, other than an amount to be credited to, or debited against, the Capital Account of all Members in accordance with their respective Investment Percentages; or
(g) the last day of a fiscal period of any Master Fund.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC), Limited Liability Company Agreement (Mercantile Long Short Manager Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC)
Fiscal Period. The period commencing on the Closing Date of the CompanyMaster Fund, and thereafter each period commencing on the day following the last day of the preceding Fiscal Period, and ending at the close of business on the first to occur of the following dates:
(a) the last day of a Fiscal Year;
(b) the last day of a Taxable Year;
(c) the day preceding the date on which a contribution to the capital of the Company Master Fund is made;
(d) the day on which a substitute member is admitted;
(e) the day on which the Company Master Fund repurchases any Interest, or portion of an Interest, of a Member;; or
(f) any day on which any amount is credited to, or debited against, the Capital Account of a Member, other than an amount to be credited to, or debited against, the Capital Account of all Members in accordance with their respective Investment Percentages; or
(g) the last day of a fiscal period of any Master Fund.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Master Fund LLC), Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC), Limited Liability Company Agreement (PNC Long-Short Master Fund LLC)
