Priority and Return of Capital. Except as may be expressly provided in Article IX, neither Member shall have priority over the other Member for the return of Capital Contributions or for Net Profits, Net Losses or distributions; provided that this Section 6.5 shall not apply to loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Appears in 2 contracts
Sources: Operating Agreement (Angeion Corp/Mn), Operating Agreement (Angeion Corp/Mn)
Priority and Return of Capital. Except as may be expressly provided in Article IXIV or Article VIII, neither no Member shall have priority over the any other Member for the Member, either as to return of Capital Contributions or for as to Net Profits, Net Losses or distributions; provided that provided, however, that, this Section 6.5 section shall not -------- ------- ---- apply to the repayment by the company of loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Appears in 1 contract
Sources: Operating Agreement (Onepoint Communications Corp /De)
Priority and Return of Capital. Except as may be expressly provided in Article IXIV or Article VIII, neither Member no member shall have priority over the any other Member for the Member, either as to return of Capital Contributions capital contributions or for Net Profitsas to net profits, Net Losses net losses or distributions; provided that provided, however, that, this Section 6.5 section shall not apply -------- ------- to the repayment by the Company of loans (as distinguished from Capital Contributionscapital contributions) which a Member member has made to the CompanyCompany .
Appears in 1 contract
Sources: Operating Agreement (Onepoint Communications Corp /De)
Priority and Return of Capital. Except as may be expressly provided in Article IXIV or Article VIII, neither no Member shall have priority over the any other Member for the Member, either as to return of Capital Contributions or for as to Net Profits, Net Losses or distributions; provided that provided, however, that, this Section 6.5 shall not apply to the -------- ------- repayment by the Company of loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Appears in 1 contract
Sources: Operating Agreement (Onepoint Communications Corp /De)
Priority and Return of Capital. Except as may be expressly provided in Article IXVIII, neither no Member shall have priority over the any other Member for Member, either as to the return of Capital Contributions or for Net as to Profits, Net Losses or distributionsDistributions; provided provided, however, that this Section 6.5 5.5 shall not apply to loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Macquarie Infrastructure Assets Trust)
Priority and Return of Capital. Except as may be expressly provided in Article IXIV or Article VIII, neither no Member shall have priority over the any other Member for the Member, either as to return of Capital Contributions or for as to Net Profits, Net Losses or distributions; provided that provided, however, that, this Section 6.5 shall not apply to the -------- ------- ---- repayment by the Company of loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Appears in 1 contract
Sources: Operating Agreement (Onepoint Communications Corp /De)