Dividend Reinvestment Plan. (a) Unless a Member makes a Distribution Election, all distributions shall be reinvested in full and fractional Units at the Net Asset Value per Unit next determined on the payable date of such Annual Distributions. Any such Units shall be registered in the name of such Member.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Institutional Multi-Strategy Fund LLC)
Dividend Reinvestment Plan. (a) Unless a Member makes a written election to receive distributions from the Fund (a βDistribution Electionβ), all distributions made in accordance with Section 5.4 hereof shall be reinvested in full and fractional interests in Units at the Net Asset Value per Unit next determined on or after the payable date of such Annual Distributions. Any such Units shall be registered in the name of such Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SCS Hedged Opportunities (1099) Fund, LLC)
