RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Master Fund, nor shall any Member be entitled to the return of any capital of the Master Fund except (i) upon the repurchase by the Master Fund of a part or all of such Member’s Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the Master Fund’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Master Fund’s property or to compel any sale or appraisal of the Master Fund’s assets.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Master Fund LLC), Limited Liability Company Agreement (PNC Long-Short Master Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Master Fund LLC)
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Master FundPortfolio, nor shall any Member be entitled to the return of any capital of the Master Fund Portfolio except (i) upon the repurchase by the Master Fund Portfolio of a part or all of such Member’s Interest pursuant to Section 4.6 hereof or (ii) upon the liquidation of the Master FundPortfolio’s assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Master FundPortfolio’s property or to compel any sale or appraisal of the Master FundPortfolio’s assets.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC)
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Master Fund, nor shall any Member be entitled to the return of any capital of the Master Fund except as otherwise specifically provided herein, for example: (i) upon the repurchase by the Master Fund of a part or all of such Member’s Interest 's Units pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.7 hereof or (iiiii) upon the liquidation of the Master Fund’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Master Fund’s property or to compel any sale or appraisal of the Master Fund’s 's assets.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)
RIGHTS OF MEMBERS TO CAPITAL. No Member shall be entitled to interest on any contribution to the capital of the Master Fund, nor shall any Member be entitled to the return of any capital of the Master Fund except (i) upon the repurchase by the Master Fund of a part or all of such Member’s 's Interest pursuant to Section 4.6 4.5 hereof, (ii) pursuant to the provisions of Section 5.6(c) hereof or (iiiii) upon the liquidation of the Master Fund’s 's assets pursuant to Section 6.2 hereof. Except as specified in the Delaware Act, or with respect to distributions or similar disbursements made in error, no No Member shall be liable for the return of any such amounts. No Member shall have the right to require partition of the Master Fund’s 's property or to compel any sale or appraisal of the Master Fund’s 's assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Excelsior Low Volatility Hedge Fund of Funds Master Fund LLC)
