Common use of Organizational Member Clause in Contracts

Organizational Member. The initial contribution of capital to the Fund by the Organizational Member shall be represented by an Interest, which Interest shall have the same rights as other Interests held by Members.

Appears in 23 contracts

Samples: Limited Liability Company Agreement (Aetos Capital Opportunities Fund, LLC), Limited Liability Company Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Limited Liability Company Agreement (Oppenheimer Tremont Opportunity Fund LLC)

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Organizational Member. The initial contribution of capital to the Fund Company by the Organizational Member shall be represented by an Interest, which Interest shall have the same rights as other Interests held by MembersInterests.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC), Limited Liability Company Agreement (Excelsior Multi-Strategy Hedge Fund of Funds (Ti 2), LLC)

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Organizational Member. The initial contribution of capital to the Fund Company by the Organizational Member shall be represented by an Interest, which Interest shall have the same rights as other Interests held by the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC)

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