Net Assets. The total value of all assets of the Master Fund, less an amount equal to all accrued debts, liabilities and obligations of the Master Fund, calculated before giving effect to any repurchases of Interests.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC), Limited Liability Company Agreement (PNC Long-Short Master Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Master Fund LLC)
Net Assets. The total value of all assets of the Master FundPortfolio, less an amount equal to all accrued debts, liabilities and obligations of the Master FundPortfolio, calculated before giving effect to any repurchases of Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC)
