Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.
Appears in 12 contracts
Samples: Interlocal Participation Agreement, Interlocal Participation Agreement, Interlocal Participation Agreement
Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.
Appears in 1 contract
Samples: Interlocal Participation Agreement
