Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Master Fund 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 Master Fund upon acceptance as a contribution to the capital of the Master Fund.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mercantile Long-Short Manager Master Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Master Fund LLC), Limited Liability Company Agreement (PNC Long-Short Master Fund LLC)
Contributions to Capital. (a) The minimum initial contribution of each Member to the capital of the Master Fund 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 Master Fund Portfolio upon acceptance as a contribution to the capital of the Master FundPortfolio.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC), Limited Liability Company Agreement (Growth Capital Master Portfolio, LLC)
