Common use of Interests of the Members Clause in Contracts

Interests of the Members. The initial Interest of each Member of the Company shall be the percentage set forth opposite such Member's name on Exhibit A. Exhibit A shall be promptly amended to reflect changes of Interests resulting from any additional capital contributions in accordance with Section 3.1(b) (Additional Capital Contributions) or the admission or substitution of any Additional Members to the Company in accordance with Sections 7.1 (Additional Members) and 7.2 (Transfer), respectively.

Appears in 4 contracts

Samples: Investment Agreement (Krupp Family Limited Partnership 94), Investment Agreement (Krf3 Acquisition Co LLC), Investment Agreement (Krupp Family Limited Partnership 94)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!