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. Class A Members will receive an annualized, non-cumulative, non-compounding Preferred Return of seven percent (7%) on their Unreturned Capital Contributions. Thereafter, the Class A Members will share in fifty (50%) of the remaining Distributable Cash.
Appears in 3 contracts
Sources: Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC)