Common use of Contributions to Capital Clause in Contracts

Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

Appears in 20 contracts

Samples: Liability Company Agreement (Mercantile Alternative Strategies Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC)

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Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC), Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC)

Contributions to Capital. (a) The minimum initial contribution of each by a Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts100,000 (not including any placement or similar fees). The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members. Notwithstanding the foregoing, the Advisor shall contribute $1,000 to the capital of the Company and shall be treated as a Member for all purposes of this Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (BlackRock Core Alternatives Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives FB Portfolio LLC), Limited Liability Company Agreement (BlackRock Core Alternatives FB TEI Portfolio LLC)

Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,00010,000 for Class 0 Units and $10,000 for Class 2 Units, subject to the discretion of or such lesser amount as the Manager to accept initial investments in lesser amountsmay permit. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary Initial contributions to the capital of the Company may be accepted on the first day of each calendar month (or on such other day as Membersmay be approved in advance by the Manager).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)

Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Company Portfolio shall be $75,000100,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company Portfolio upon acceptance as a contribution to the capital of the CompanyPortfolio. The Directors shall not be entitled to make voluntary contributions of capital to the Company Portfolio as Directors of the CompanyPortfolio, but may make voluntary contributions to the capital of the Company Portfolio as Members.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Growth Capital Portfolio, LLC), Limited Liability Company Agreement (Growth Capital TEI Portfolio, LLC)

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Contributions to Capital. (a) The minimum initial contribution of each by a Member to the capital of the Company shall be $75,000, subject 50,000 (not including any placement or similar fees) or such other amount as may be approved by the Board of Directors from time to the discretion of the Manager time. Each Member will receive Units with a Net Asset Value equal to accept such Member's initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Companycontribution. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Preferred Partners LLC)

Contributions to Capital. (a) The minimum initial contribution of each by a Member to the capital of the Company shall be such amount as the Board of Directors, in its discretion, may determine from time to time, but will generally not be less than $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts25,000 (not including any placement or similar fees). The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Multi-Strategy Hedge Opportunities LLC)

Contributions to Capital. (a) The minimum initial contribution of each by a Member to the capital of the Company shall be such amount as the Board of Directors, in its discretion, may determine from time to time, but shall generally not be less than $75,000, subject to the discretion 50,000 (gross of the Manager to accept initial investments in lesser amountsany placement or similar fees). The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

Appears in 1 contract

Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)

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