Valuation of Units. On the date of the initial contribution of capital to the Company by the Members (the "Initial Contribution Date"), each Unit shall have a value determined on the applicable Valuation Date. As of each Valuation Date, the value of a Unit shall be determined by dividing the Net Asset Value of the Company by the total number of Units outstanding. For this purpose, the Net Asset Value shall be as defined in Section 15.3.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master International Value Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)
Valuation of Units. On the date of the initial contribution of capital to the Company by the Members (the "βInitial Contribution Date"β), each Unit shall have a value determined on the applicable Valuation DateDate . As of each Valuation Date, the value of a Unit shall be determined by dividing the Net Asset Value of the Company by the total number of Units outstanding. For this purpose, the Net Asset Value shall be as defined in Section 15.3.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC)
