Fees, Expenses and Reimbursement. (a) The Board may cause the Fund to compensate each Manager who is not an "interested person" of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement.
Appears in 17 contracts
Samples: Limited Liability Company Agreement (CFSB Alternative Capital Event Driven Master Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Long/Short Equity Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Event Driven Fund, LLC)
Fees, Expenses and Reimbursement. (a) The Board may cause the Fund to compensate each Manager who is not an "“interested person" ” of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Master Fund I, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC)
Fees, Expenses and Reimbursement. (a) The Board may cause the Fund to compensate each Manager who is not an "“interested person" ” of the Fund (as defined in the 1940 Act), and such Manager shall may be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC)
