INVESTMENT PERCENTAGE. A percentage established for each Member on the Master Fund’s books as of the first day of each Fiscal Period. The Investment Percentage of a Member for a Fiscal Period shall be determined by dividing the balance of the Member’s Capital Account as of the commencement of such period by the sum of the Capital Accounts of all of the Members as of the commencement of such period. The sum of the Investment Percentages of all Members for each Fiscal Period shall equal 100%.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (PNC Long-Short Master Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Master Fund LLC), Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC)
INVESTMENT PERCENTAGE. A percentage established for each Member on the Master FundPortfolio’s books as of the first day of each Fiscal Period. The Investment Percentage of a Member for a Fiscal Period shall be determined by dividing the balance of the Member’s Capital Account as of the commencement of such period by the sum of the Capital Accounts of all of the Members as of the commencement of such period. The sum of the Investment Percentages of all Members for each Fiscal Period shall equal 100%.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC)
