Common use of Organizational Member Clause in Contracts

Organizational Member. Upon the admission of any Member, the Organizational Member shall withdraw from the Company as the Organizational Member and shall be entitled to the return of his or her Capital Contribution, if any, without interest or deduction.

Appears in 7 contracts

Samples: Operating Agreement (PARADIGM Multi Strategy Fund, LLC), Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC), Limited Liability Company Agreement (Old Mutual 2100 Emerging Managers Master Fund, L.L.C.)

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Organizational Member. Upon the admission of any Member, the Organizational Member shall withdraw from the Company as the Organizational Member and shall be entitled to the return of his or her Capital Contribution, if any, without interest or deduction.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.), Limited Liability Company Agreement (Whistler Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)

Organizational Member. Upon the admission of any Member, the Organizational Member shall may withdraw from the Company as the Organizational Member and shall be entitled to the return of his or her Capital Contribution, if any, without interest or deduction.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Robeco-Sage Triton Master Fund, L.L.C.), Limited Liability Company Agreement (Robeco-Sage Multi-Strategy Master Fund, L.L.C.)

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Organizational Member. Upon the admission of any Member, the The Organizational Member shall may withdraw from the Company as the Organizational Member and shall be entitled to the return of his or her Capital Contributionthe value of its Units, if any, without interest or deduction.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Old Mutual Absolute Return Institutional Fund, LLC), Limited Liability Company Agreement (Old Mutual Emerging Managers Institutional Fund, LLC)

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