Common use of Distributions or Membership Interests of Class B Members Clause in Contracts

Distributions or Membership Interests of Class B Members. The Class B Interests are irrevocable, and CARDONE CAPITAL, LLC’s Class B Interests will be unaffected by its resignation or removal as the initial Manager of the Company. See Articles 4 and 5.

Appears in 7 contracts

Samples: Operating Agreement (Cardone Equity Fund IX, LLC), Operating Agreement (Cardone Equity Fund IX, LLC), Operating Agreement (Cardone Equity Fund VI, LLC)

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Distributions or Membership Interests of Class B Members. The Class B Interests are irrevocable, and CARDONE CAPITALPF Advisors, LLC’s Class B Interests will be unaffected by its resignation or removal as the initial Manager of the Company. See Articles 4 and 5.

Appears in 3 contracts

Samples: Operating Agreement (Pf Royalty I LLC), Operating Agreement (Pf Royalty I LLC), Operating Agreement (Pf Royalty I LLC)

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