Common use of Class A Members Clause in Contracts

Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager. The Class A Members shall share, pro rata, in accordance with their Capital Contributions, seventy (70%) percent of the total Interests in the Company. The minimum investment amount required of a Class A Investor is One Thousand Dollars ($1,000) or One (1) Interest.

Appears in 3 contracts

Sources: Operating Agreement (Own Our Own Fund I, LLC), Operating Agreement (Own Our Own Fund I, LLC), Operating Agreement (Own Our Own Fund I, LLC)

Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager. The Class A Members shall share, pro rata, in accordance with their Capital Contributions, seventy eighty (7080%) percent of the total Interests in the Company. The minimum investment amount required of a Class A Investor is One Thousand Dollars ($1,000) or One (1) Interest.

Appears in 2 contracts

Sources: Operating Agreement (Own Our Own Fund I, LLC), Operating Agreement (Own Our Own Fund I, LLC)

Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager. The Class A Members shall share, pro rata, in accordance with their Capital Contributions, seventy (70%) percent of the total Interests in the Company. The minimum investment amount required of a Class A Investor is One one Class A Interest, which shall initially be Ten Thousand Dollars ($1,000) or One (1) Interest10,000), however, the Manager reserves the right to accept less than the minimum investment amount from a single Class A Investor in order to achieve the maximum dollar amount of Interests to the Class A Investors, if less than the minimum investment amount required of each Class A Investor is needed to do so.

Appears in 1 contract

Sources: Operating Agreement (Pf Royalty I LLC)