Common use of Priority and Return of Capital Clause in Contracts

Priority and Return of Capital. Except as may be expressly provided in Article 9, no Equity Owner shall have priority over any other Equity Owner, either as to the return of Capital Contributions or as to Profits, Losses or Distributions; provided, however, that this Section 6.3 shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner has made to the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Rex Energy Corp), Limited Liability Company Agreement (Rex Energy Corp)

Priority and Return of Capital. Except as may be expressly provided in Article 910, no Equity Owner Shareholder shall have priority over any other Equity OwnerShareholder, either as to the return of Capital Contributions or as to Net Profits, Losses Net Losses, or Distributions; provided, however, that this distributions. This Section 6.3 6.4 shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner which a Shareholder has made to the Company.

Appears in 2 contracts

Sources: Operating Agreement (National Boston Medical Inc), Agreement to Purchase (National Boston Medical Inc)

Priority and Return of Capital. Except as may be expressly provided in this Article 910, no Equity Owner shall have priority over any other Equity Owner, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions; provided, however, provided that this Section 6.3 10.12 shall not apply to loans (as distinguished from Capital Contributions) that which an Equity Owner has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Pan American Gold Corp)

Priority and Return of Capital. Except as may be expressly provided in Article 911, no Equity Owner Shareholder shall have priority over any other Equity OwnerShareholder, either as to the return of Capital Contributions or as to Net Profits, Losses Net Losses, or Distributions; provided, however, that this distributions. This Section 6.3 7.4 shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner a Shareholder has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Aptitude Solutions, Inc.)

Priority and Return of Capital. Except as may be expressly ------------------------------ provided in Article 9, no Equity Owner shall have priority over any other Equity Owner, either as to the return of Capital Contributions or as to Profits, Losses or Distributions; provided, however, that this Section 6.3 6.5 shall not apply to loans (as distinguished from Capital Contributions) that which an Equity Owner has made to the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Navigant International Inc)

Priority and Return of Capital. Except as may be otherwise expressly provided in Article 9this Agreement, no Equity Owner Shareholder shall have priority over any other Equity OwnerShareholder, either as to the return of Capital Contributions or as to Profits, Losses or Distributionsdistributions; provided, however, that this Section 6.3 Article shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner which a Shareholder has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Northern Technologies International Corp)

Priority and Return of Capital. Except as may be expressly provided in Article 98, no Equity Owner owner shall have priority over any other Equity Ownerowner, either as to the return of Capital Contributions capital contributions or as to Profitsnet profits, Losses net losses or Distributionsdistributions; provided, however, provided that this Section 6.3 shall not apply to loans (as distinguished from Capital Contributionscapital contributions) that which an Equity Owner owner has made to the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Shipyard River Coal Terminal Co)

Priority and Return of Capital. Except as may be expressly provided in Article 911, no Equity Owner Shareholder shall have priority over any other Equity OwnerShareholder, either as to the return of Capital Contributions or as to Net Profits, Losses Net Losses, or Distributions; provided, however, that this distributions. This Section 6.3 7.4 shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner which a Shareholder has made to the Company.

Appears in 1 contract

Sources: Operating Agreement (Phoenix Container, Inc.)