Returns of Capital. If the Fund for any reason at any time does not find it necessary or appropriate to retain or expend all Capital Contributions, the Manager in its sole discretion may cause the Fund to return any or all such excess Capital Contributions ratably to Investors. The Investors will be notified of the source of the payment. The Fund is not obligated to return the amount of any fees charged in connection with the Investor Capital Contribution and the return of an Investor Capital Contribution is net of any fees so charged.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC), Limited Liability Company Agreement (Ridgewood Energy U Fund LLC), Limited Liability Company Agreement (Ridgewood Energy T Fund LLC)
Returns of Capital. If the Fund for any reason at any time does not find it necessary or appropriate to retain or expend all Capital Contributions, the Manager in its sole discretion may cause the Fund to return any or all such excess Capital Contributions ratably to Investors. The Investors will be notified of the source of the payment. The Fund is not obligated to return the amount of any fees charged in connection with the Investor Capital Contribution and the return of an a Investor Capital Contribution is net of any fees so charged.
Appears in 6 contracts
Samples: Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC), LLC Operating Agreement (Ridgewood Enengy K Fund LLC)
