Common use of Contributions to Capital Clause in Contracts

Contributions to Capital. (a) The minimum Capital Contribution of each Member to the capital of the Fund shall be such amount as the Board in its sole and absolute discretion may determine from time to time. The amount of the initial Capital Contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make voluntary contributions of capital to the Fund as Managers of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser may make voluntary contributions to the capital of the Fund as a Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC), Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC)

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Contributions to Capital. (a) The minimum Capital Contribution initial contribution of each Member (other than the Organizational Member or Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board in its sole and absolute discretion of Managers may determine from time to time, in its sole discretion. The amount of the initial Capital Contribution contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make voluntary contributions of capital to the Fund as Managers of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser and its Affiliates may make voluntary contributions to the capital of the Fund as a MemberMembers.

Appears in 2 contracts

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

Contributions to Capital. (a) The minimum Capital Contribution initial contribution of each Member to the capital of the Fund shall be $250,000 ($25,000 for employees or directors of the Adviser and its affiliates, and members of their immediate families, and, in the sole discretion of the Adviser, attorneys or other professional advisors engaged on behalf of the Fund, and members of their immediate families) or such other amount as the Board in its sole and absolute discretion may determine from time to time. The amount of the initial Capital Contribution contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser may Special Advisory Member shall not make voluntary contributions to the capital of the Fund as a Memberany Capital Contributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ubs Pw Technology Partners LLC)

Contributions to Capital. (a) The minimum Capital Contribution initial contribution of each Member to the capital of the Fund shall be such amount as the Board of Managers, in its sole and absolute discretion discretion, may determine from time to time, but in no event shall be less than $100,000; provided, however, that the minimum initial contribution of each Member that is a director, officer or employee of the Adviser, or an Affiliate of the Adviser may be such lesser amount as may be determined by the Board of Managers from time to time. The amount of the initial Capital Contribution contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make voluntary contributions of capital to the Fund as Managers of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser may make voluntary contributions to the capital of the Fund as a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Chartist Fund, LLC)

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Contributions to Capital. (a) The minimum Capital Contribution initial contribution of each Member (other than the Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board in its sole and absolute discretion may determine from time to time. The amount of the initial Capital Contribution contribution of each Member and the Units held by each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers Directors shall not be entitled to make voluntary contributions of capital to the Fund as Managers Directors of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser may may, but shall not, except as provided in Section 2.7(b), be required to, make voluntary contributions to the any capital of the Fund as a Membercontributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SCS Hedged Opportunities (1099) Fund, LLC)

Contributions to Capital. (a) The minimum Capital Contribution initial contribution of each Member (other than the Organizational Member, the Adviser or the Sub-Adviser) to the capital of the Fund shall be the amount set forth, from time to time, in the Fund’s Form N-2 or such other amount as the Board in its sole and absolute discretion of Managers may determine from time to time, in its sole discretion. The amount of the initial Capital Contribution contribution of each Member shall be recorded on the books and records of the Fund upon acceptance as a contribution to the capital of the Fund. The Managers shall not be entitled to make voluntary contributions of capital to the Fund as Managers of the Fund, but may make voluntary contributions to the capital of the Fund as Members. The Investment Adviser or the Sub-Adviser and their respective Affiliates may make voluntary contributions to the capital of the Fund as a MemberMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hatteras Global Private Equity Partners Master Fund, LLC)

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