Class A Membership. Class A membership has the following attributes: (i) The minimum investment for each Class A Investor is $10,000 or such other amount set forth in the Investment Package, though the Manager has discretion to accept a lesser amount; (ii) Class A members will receive a total of 86.5% of distributions of any net proceeds of which Manager may from time to time, in Manager’s sole and complete discretion, distribute; (iii) Class A Members will receive a total of 86.5% of any net proceeds from capital events; and (iv) Class A has no voting rights.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement