Interest of Members. Each Member shall own a percentage interest (sometimes referred to as a share) in the LLC. The Member’s percentage interest shall be based on the amount of cash or other property that the Member has contributed to the LLC and that percentage interest shall control the Member’s share of the profits, losses, and distributions of the LLC.
Appears in 30 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Interest of Members. Each Member shall own a percentage interest (sometimes referred to as a share) in the LLC. The Member’s percentage interest shall be based on the amount of cash or other property consideration (capital contribution) that the Member has contributed to the LLC LLC, and that percentage interest shall control determine the Member’s share of the profitsprofit, losses, and distributions of the LLC.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Interest of Members. Each Member shall own a percentage interest (sometimes referred to as a share) in on the LLC. The Member’s percentage interest shall be based on the amount of cash or other property consideration that the Member member has contributed to the LLC and that percentage interest shall control the Member’s share of the profitsprofit, losses, and distributions of the LLC.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
