Common use of Distribution of Capital Transaction Proceeds Clause in Contracts

Distribution of Capital Transaction Proceeds. After application of Capital Transaction Proceeds pursuant to §9.2(a), remaining Capital Transaction Proceeds shall be distributed as follows: First, to Members in satisfaction of any Member Loans which have not been satisfied pursuant to § 9.2(a) (pro rata on the basis of the relative amounts of the Member’s outstanding Member Loans the amount required to repay each Member Loan and all accrued interest thereon provided that any outstanding Additional Member Loan(s) and accrued interest thereon shall be payable to Advancing Member(s) from the Non-Participating Member(s) share of Member Loan repayments); and Second, the balance, if any, to the Members in accordance with their respective Percentage Interests (provided that any outstanding Additional Member Loan(s) and accrued interest thereon shall be payable to Advancing Member(s) from the Non-Participating Member(s) allocable share of Capital Transaction Proceeds).

Distribution of Capital Transaction Proceeds. After application of Capital Transaction Proceeds pursuant to §9.2(a), remaining Capital Transaction Proceeds shall be distributed as follows: First, First to the Members in satisfaction of any Member Loans Preferred Contributions which have not been satisfied pursuant to § 9.2(a) (pro rata on the basis of the relative amounts of the Member’s outstanding Member Loans Preferred Contributions, the amount required to repay each Member Loan Preferred Contribution and all accrued interest return thereon provided that any outstanding Additional Member Loan(sPreferred Contribution(s) and accrued interest return thereon shall be payable to Advancing Member(s) from the Non-Participating Member(s) share of Member Loan Preferred Contribution repayments); and Second, Second the balance, if any, to the Members in accordance with their respective Percentage Interests (provided that any outstanding Additional Member Loan(sPreferred Contribution(s) and accrued interest return thereon shall be payable to Advancing Member(s) from the Non-Participating Member(s) allocable share of Capital Transaction Proceeds).