Common use of Net Assets Clause in Contracts

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

Samples: Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC), Limited Liability Company Agreement (PNC Long-Short Fund LLC), Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC)

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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

Samples: Limited Liability Company Agreement (Growth Capital Portfolio, LLC), Limited Liability Company Agreement (Growth Capital TEI Portfolio, LLC)

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