Organizational Costs means any and all expenses (including, without limitation, travel expenses, printing costs, legal and accounting fees, and other out-of-pocket expenses) incurred in connection with the organization of the Partnership.
Organizational Costs means the aggregate of (i) expenses and application fees associated with participation in the Company; (ii) allocable salaries and expenses of employees and consultants of the Manager assisting with the organization and formation of the Company and/or the Initial Capitalization; (iii) charges of depositories in connection with the Units; (iv) reasonable attorney, accountant, and consultant fees in connection with the organization and formation of the Company and the preparation of this OFFERING CIRCULAR; and (v) andy General and Administrative Expenses of the Manager during the Application Period.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by XX Xxxxxx Xxxxx Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by Law.
Examples of Organizational Costs in a sentence
Such reimbursements for the Organizational Costs shall be made from the Company’s available operating cash or from Capital Contributions.
The Company shall promptly reimburse the Manager for the Organizational Costs incurred by the Manager or its Affiliates from time to time in an amount not to exceed $250,000 in the aggregate.
The General Partner has advanced all of the expenses in connection with the organization of the Partnership and the initial offering of Interests (“Organizational Costs”) and shall be reimbursed by the Partnership for up to $100,000 of such Organizational Costs (regardless whether such expenses were incurred prior to the formation of the Partnership) over the period beginning on the first day of the first Accounting Period and ending on the last day of such corresponding calendar quarter.
Such Organizational Costs shall in each case include, without limitation and whether incurred before or after the formation of the Partnership, all related travel, accommodation, legal, accounting, consulting, filing, registration, marketing, publishing, selling and printing costs.
The Members agree that the Organizational Costs incurred by each Member on behalf of the Company shall not exceed one-hundred thousand dollars ($100,000), unless expressly authorized by the Board pursuant to Board Approval.
More Definitions of Organizational Costs
Organizational Costs has the meaning given to such term in Section 14(c).
Organizational Costs shall have the meaning provided by Section 4.2 hereof. “Original Allocation” shall have the meaning provided by Section 5.3E). “Partner Withdrawal Event” shall have the meaning provided by Section 8.2A) hereof.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses.
Organizational Costs shall have the meaning set forth in Section 4.2.
Organizational Costs shall have the meaning assigned to it in Section 4.6(b). "Person" shall mean an individual corporation, custodian, trustee, executor, administrator, nominee or entity in a representative capacity, partnership, limited partnership, limited liability company, foreign limited liability company, trust, estate. "Sharing Percentage" shall mean the sharing percentage of each Member as it relates to such Member's respective membership interests. Section 2.2
Organizational Costs means expenses incurred incident to the organization of the Partnership, including, but not limited to, fees and expenses of accountants, legal and tax counsel and other experts; filing costs; and other costs and expenses incurred in the organization of the Partnership.
Organizational Costs means those expenses incurred by the Fund or persons acting on the Fund’s behalf (including the Fund’s trustees and promoters) to organize the Fund and offer its shares to the public, including (i) filing fees and expenses, (ii) fees incurred for legal services pertaining to the organization of the Fund, the drafting of an agreement and declaration of trust, bylaws, investment management and forms of sub-advisory agreements, administration, custody and transfer agent agreements, and performing research and consultation services in connection with the initial meetings of trustees,; and (iii) legal and other fees incurred to prepare the Fund’s Registration Statement on Form N-2, including the amendments and exhibits thereto up to the time that the Fund’s Registration Statement is declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and the Fund has filed with the SEC a definitive prospectus. If at any point during the 5-year period after the Fund commences investment operations the amount of Administration Expenses is less than an annual rate of 0.45 percent of the Fund’s net assets, the Fund will pay to the Investment Manager an amount equal to the difference; provided that the aggregate amount paid to the Investment Manager pursuant to this paragraph may not exceed the sum of the Waived-Reimbursed Amount-Administration and the aggregate amount of all Organizational Costs. This letter agreement may not be terminated or amended by the Investment Manager or the Fund without the consent of the Trustees. The Investment Manager understands and intends that the Fund will rely on this undertaking in preparing and filing its Registration Statement on Form N-2, including any amendment thereof, with the SEC, in accruing the Fund’s expenses for purposes of calculating its net asset value per share, and for other purposes, and the Investment Manager expressly permits the Fund to do so. LITTLE HARBOR ADVISORS, LLC By: ______________________________ Name: Title: ACCEPTED AND AGREED: LITTLE HARBOR MULTISTRATEGY COMPOSITE FUND By: ______________________________ Name: Title: