Common use of OPENING CAPITAL ACCOUNTS Clause in Contracts

OPENING CAPITAL ACCOUNTS. (a) There shall be established for each Unit of each Class on the books of this Fund, as of the first day of each Accounting Period, an Opening Capital Account which, for the Accounting Period as of the beginning of which such Unit is issued, shall be the Capital Contribution made in respect of such Unit and which, for each Accounting Period thereafter, shall be an amount equal to the Closing Capital Account (determined as set forth in Section 2.06) attributable to such Unit for the immediately preceding Accounting Period. (b) The Manager may, but shall not be required to, make Capital Contributions to this Fund from time to time as new Units are issued, which shall be accounted for on a Unit-equivalent basis and shall participate in the profits and losses of the Units on the same basis as the Capital Accounts of the Class I Units. (c) For all purposes of this Agreement, references to Units shall be deemed to include the Manager's Capital Account on a Unit-equivalent basis (unless the context otherwise requires or the reference is made explicit for greater certainty).

OPENING CAPITAL ACCOUNTS. (a) There shall be established for each Unit of each Class on the books of this FuturesAccess Fund, as of the first day of each Accounting Period, an Opening Capital Account which, for the Accounting Period as of the beginning of which such Unit is issued, shall be the Capital Contribution made in respect of such Unit and which, for each Accounting Period thereafter, shall be an amount equal to the Closing Capital Account (determined as set forth in Section 2.06) attributable to such Unit for the immediately preceding Accounting Period. (b) The Manager Sponsor may, but shall not be required to, make Capital Contributions to this FuturesAccess Fund from time to time as new Units are issued, which shall be accounted for on a Unit-equivalent basis and shall participate in the profits and losses of the Units on the same basis as the Capital Accounts of the Class I D Units. (c) For all purposes of this Agreement, references to Units shall be deemed to include the ManagerSponsor's Capital Account on a Unit-equivalent basis (unless the context otherwise requires or the reference is made explicit for greater certainty).

OPENING CAPITAL ACCOUNTS. (a) There shall be established for each Unit of each Class on the books of this the Fund, as of the first day of each Accounting Period, an opening capital account (“Opening Capital Account Account”) which, for the Accounting Period as of the beginning of which such Unit is issued, shall be the Capital Contribution made in respect of such Unit and which, for each Accounting Period thereafter, shall be an amount equal to the closing capital account (“Closing Capital Account Account”) (determined as set forth in Section 2.06) attributable to such Unit for the immediately preceding Accounting Period. (b) The Manager may, but shall not be required to, make Capital Contributions to this the Fund from time to time as new Units are issued, which shall be accounted for on a Unit-equivalent basis and but shall participate not be subject to the Management Fees (as defined in the profits and losses of the Units on the same basis as the Capital Accounts of the Class I UnitsSection 2.05(a)). (c) For all purposes of this Agreement, references to Units shall be deemed to include the Manager's ’s Capital Account on a Unit-equivalent basis (unless the context otherwise requires or the reference is made explicit for greater certainty).

OPENING CAPITAL ACCOUNTS. (a) There shall be established for each Unit of each Class on the books of this FuturesAccess Fund, as of the first day of each Accounting Period, an Opening Capital Account which, for the Accounting Period as of the beginning of which such Unit is issued, shall be the Capital Contribution made in respect of such Unit and which, for each Accounting Period thereafter, shall be an amount equal to the Closing Capital Account (determined as set forth in Section 2.06) attributable to such Unit for the immediately preceding Accounting Period. (b) The Manager Sponsor may, but shall not be required to, make Capital Contributions to this FuturesAccess Fund from time to time as new Units are issued, which shall be accounted for on a Unit-equivalent basis and shall participate in the profits and losses of the Units on the same basis as the Capital Accounts of the Class I D Units. (c) For all purposes of this Agreement, references to Units shall be deemed to include the Manager's Sponsor’s Capital Account on a Unit-equivalent basis (unless the context otherwise requires or the reference is made explicit for greater certainty).. The Xxxxxxx Xxxxx FuturesAccessSM Funds