Cash from Operations. Cash from Operations will be distributed as follows: (i) 100% to the Members until the Members have received their Priority Return; and (ii) the balance, to be shared by the Members and the Manager in proportion to the Residuary Sharing Ratio.
Appears in 3 contracts
Sources: Operating Agreement (NNN 2003 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC)