Payment and Recoupment of Fees. As soon as funds have been released to the Fund from the escrow account referred to in Section 1.6(c), they may be used to pay the fees referred to in Sections 9.1, 9.2 and 9.4 then due. If the Manager withdraws the offering of Shares, or rejects any subscription for Shares, any person that has received payments from the proceeds of the offering shall return such payments to the Fund upon demand by the Manager.
Appears in 6 contracts
Samples: Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC)
Payment and Recoupment of Fees. As soon as funds have been released to the Fund from the escrow account referred to in Section 1.6(c1.6 (c), they may be used to pay the fees referred to in Sections 9.1, 9.2 9.2, 9.3 and 9.4 then the due. If the Manager withdraws the offering of Shares, or rejects any subscription for Shares, any person that has received payments from the proceeds of the offering shall return such payments to the Fund upon demand by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ridgewood Energy O Fund LLC)
Payment and Recoupment of Fees. As soon as funds have been released to the Fund from the escrow account referred to in Section 1.6(c), they may be used to pay the fees referred to in Sections 9.1, 9.2 9.2, 9.3 and 9.4 then due. If the Manager withdraws the offering of Shares, or rejects any subscription for Shares, any person that has received payments from the proceeds of the offering shall return such payments to the Fund upon demand by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC)
