Common use of Interest of Members Clause in Contracts

Interest of Members. Except as otherwise provided in Section 5 of this Article I, each member shall have a percentage interest ("Interest") in the Company equal to a fraction the numerator of which is the net present value discounted (using a discount rate of three (3) percent, or such other rate as the Board subsequently establishes) to January 1, 2003 of the total contribution commitment of such member set forth across from such member's name on Schedule A hereto as may be amended from time to time pursuant to sections 3 and 7 through 9 of this Article I, and the denominator of which is the sum of the net present values calculated for each of the members' total contribution commitments set forth on Schedule A as may be amended from time to time pursuant to sections 3, and 7 through 9 of this Article I. References hereinafter to "Schedule A" shall mean Schedule A, as may be amended from time to time pursuant to sections 3, 5 and 7 through 9 of this Article I.

Interest of Members. Except as otherwise provided in Section 5 of this Article I, each member shall have a percentage interest ("“Interest"”) in the Company equal to a fraction the numerator of which is the net present value discounted (using a discount rate of three (3) percent, or such other rate as the Board subsequently establishes) to January 1, 2003 of the total contribution commitment of such member set forth across from such member's ’s name on Schedule A hereto as may be amended from time to time pursuant to sections 3 and 7 through 9 of this Article I, and the denominator of which is the sum of the net present values calculated for each of the members' ’ total contribution commitments set forth on Schedule A as may be amended from time to time pursuant to sections 3, and 7 through 9 of this Article I. References hereinafter to "“Schedule A" ” shall mean Schedule A, as may be amended from time to time pursuant to sections 3, 5 and 7 through 9 of this Article I.