Common use of Priority and Return of Capital Clause in Contracts

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Profits, Losses or distributions; provided that this Section shall not apply to Preference Loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Stratus Services Group Inc)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Profits, Losses or distributions; provided that this Section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Murdock Communications Corp)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or Article IX, no Member or Economic Interest Owner Unit Holder shall have priority over any other Member or Economic Interest OwnerUnit Holder, either as to the return of Capital Contributions or as to Net Profits, Net Losses or distributions; provided that this Section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Homegold Financial Inc)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or Article IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Net Profits, Net Losses or distributions; provided that this Section section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Usp Mission Hills, Inc.)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or Article IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to for the return of Capital Contributions or as to for Net Profits, Losses Net Losses, or distributions; provided that this Section section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.. 6.08

Appears in 1 contract

Sources: Operating Agreement

Priority and Return of Capital. Except as may be expressly provided in Articles Articled IV, VIII or and IX, no Member or Economic Interest Owner Unit Holder shall have priority over any other Member or Economic Interest OwnerUnit Holder, either as to the return of Capital Contributions or as to Net Profits, Net Losses or distributions; provided that this Section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Homegold Financial Inc)

Priority and Return of Capital. Except as may be expressly provided in Articles Article VIII or Article IX, no Member or Economic Interest Owner Holder shall have priority over any other Member Members or Economic Interest OwnerHolder, either as to for the return of Capital Contributions or as to for Profits, Losses Losses, or distributions; provided that this Section section shall not apply to Preference Loans or to Guarantor Contributions as defined in Section 8.9 (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Prime Hospitality Corp)

Priority and Return of Capital. Except as may be expressly provided for the provisions in Articles VIII or IXArticle 9 hereof, no Member or Economic Interest Owner Holder shall have priority over any other Member or Economic Interest OwnerHolder, either as to the return of Capital Contributions or as to Net Profits, Net Losses or distributions; provided that this Section shall not apply to Preference Loans (as distinguished from Capital Contributions) loans which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (KFX Inc)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or IXVII, VIII, IX and XIII, no Member or Economic Interest Owner Holder shall have priority over any other Member or Economic Interest OwnerHolder, either as to the return of Capital Contributions or as to Net Profits, Net Losses or distributions; provided that this Section shall not apply to Preference Loans (as distinguished from Capital Contributions) loans which a Member has made to the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or Article IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions capital contributions or as to Net Profits, Net Losses or distributions; provided that this Section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Guardian Technologies International Inc)

Priority and Return of Capital. Except as may be expressly provided in Articles VIII or IXArticle VIII, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to for the return of Capital Contributions or as to for Net Profits, Losses Net Losses, or distributions; provided that this Section section shall not apply to Preference Loans loans (as distinguished from Capital Contributions) which a Member has made to the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Blue Holdings, Inc.)