Members’ Contributions. The Managing Member shall maintain a sufficient investment in the Company and each Series for the Company and each Series to be treated as a partnership for federal income tax purposes, which amount may be $0. Each Member shall contribute cash to the relevant Series, which shall constitute the initial balance of such Member’s capital account. The Managing Member shall have discretion to accept other assets valued at fair market value. The aggregate of all contributions with respect to a Series shall be available to such Series to carry on its business and no interest shall be paid on any such contribution.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (RICI Linked - PAM Advisors Fund, LLC), Limited Liability Company Agreement (RICI Linked - PAM Total Index Series, a Series of RICI Linked - PAM Advisors Fund, LLC)