Net Assets. The total value of all assets of the Company, less an amount equal to all accrued debts, liabilities and obligations of the Company, calculated before giving effect to any repurchases of Interests.
Appears in 32 contracts
Sources: Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC)
Net Assets. The total value of all assets of the CompanyPortfolio, less an amount equal to all accrued debts, liabilities and obligations of the CompanyPortfolio, calculated before giving effect to any repurchases of Interests.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Growth Capital TEI Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Portfolio, LLC)