Common use of Member Interest Clause in Contracts

Member Interest. The “Member Interest” of each Member shall be the percentage set forth opposite such Member’s name on Exhibit A hereto. The Member Interests shall be adjusted from time to time as additional capital contributions are made by the Members, and as otherwise appropriate, so that the Member Interest of each Member shall be equal to the total capital contributions made by such Member over the total capital contributions made by all Members to the Company. From time to time the Members shall amend Exhibit A as necessary to reflect the Member Interests and aggregate capital contributions of the Members.

Appears in 4 contracts

Samples: Operating Agreement (LGI Leasing, LLC), Company Agreement (LGI Leasing, LLC), Company Agreement (LGI Leasing, LLC)

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Member Interest. The “Member Interest” of each Member shall be the percentage set forth opposite such Member’s name on Exhibit A hereto. The Member Interests shall be adjusted from time to time as additional capital contributions are made by the Members, and as otherwise appropriate, so that the Member Interest of each Member shall be equal to the total capital contributions made by such Member over the total capital contributions made by all Members to the Company. From time to time the Members Manager shall amend Exhibit A as necessary to reflect the Member Interests and aggregate capital contributions of the Members.

Appears in 4 contracts

Samples: Operating Agreement (LGI Leasing, LLC), Operating Agreement (LGI Leasing, LLC), Operating Agreement (LGI Leasing, LLC)

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Member Interest. The "Member Interest" of each Member shall be the percentage set forth opposite such Member’s 's name on Exhibit A hereto. The Member Interests shall be adjusted from time to time as additional capital contributions are made by the Members, and as otherwise appropriate, so that the Member Interest of each Member shall be equal to the total capital contributions made by such Member over the total capital contributions made by all Members to the Company. From time to time the Members shall amend Exhibit A as necessary to reflect the Member Interests and aggregate capital contributions of the Members.

Appears in 1 contract

Samples: Company Agreement (LGI Leasing, LLC)

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