Common use of Organizational Member Clause in Contracts

Organizational Member. The initial Capital Contribution to the Fund by the Organizational Member shall be represented by an Interest. Upon the admission to the Fund of any additional Member pursuant to Section 2.7, the Organizational Member shall be entitled to the return of all or a portion of its Capital Contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (JHW Pan Asia Strategies Master Fund, LLC), Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC), Limited Liability Company Agreement (Hatteras Global Private Equity Partners Master Fund, LLC)

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Organizational Member. The initial Capital Contribution to the Fund by the Organizational Member shall be represented by an Interestconverted to Shares as set forth in Section 5.2. Upon the admission to the Fund of any additional Member pursuant to Section 2.7, the Organizational Member shall be entitled to the return of all or a portion of its Capital Contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Destiny Alternative Fund (TEI) LLC), Limited Liability Company Agreement (Destiny Alternative Fund (Tax Exempt) LLC)

Organizational Member. The initial Capital Contribution to the Fund by the Organizational Member shall be represented by an Interesta Share. Upon the admission to the Fund of any an additional Member pursuant to Section 2.7, the Organizational Member shall be became entitled to the return of all or a portion of its Capital Contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Destiny Alternative Fund LLC), Limited Liability Company Agreement (Destiny Alternative Fund LLC)

Organizational Member. The initial Capital Contribution capital contribution to the Fund by the Organizational Member shall be was represented by an Interesta Unit. Upon the admission to the Fund of any an additional Member pursuant to Section 2.7, the Organizational Member shall be entitled to the return of all or a portion of its Capital Contributioncapital contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 1 contract

Samples: Limited Liability Company Agreement (AMG Pantheon Infrastructure Fund, LLC)

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Organizational Member. The initial Capital Contribution to the Fund by an affiliate of the Organizational Member shall be was represented by an Interest. Upon the admission to the Fund of any an additional Member pursuant to Section 2.7, such affiliate of the Organizational Member shall be became entitled to the return of all or a portion of its Capital Contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC)

Organizational Member. The initial Capital Contribution to the Fund by an affiliate of the Organizational Member shall be was represented by an Interest. Upon the admission to the Fund of any an additional Member pursuant to Section 2.7, the Organizational Member shall be became entitled to the return of all or a portion of its Capital Contribution, if any, without interest or deduction, and to withdraw from the Fund.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Partners Group Growth, LLC)

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