Common use of NO PRIORITY AMONG MEMBERS Clause in Contracts

NO PRIORITY AMONG MEMBERS. No Member shall have priority over any other Member either as to the return of its original capital contribution or as to distributions by the Company, except as specifically provided in this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (Rouge Steel Co), Operating Agreement (Rouge Industries Inc)

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NO PRIORITY AMONG MEMBERS. No Except as may be otherwise specifically provided in this Agreement, no Member shall have priority over any other Member Member, either as to the return of its original capital contribution Capital Contributions or as to distributions by Profits, Losses or distributions, provided that this subsection shall not apply to loans (as distinguished from Capital Contributions) that a Member has made to the Company, except as specifically provided in this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Venus Exploration Inc), Limited Liability Company Agreement (Exco Resources Inc)

NO PRIORITY AMONG MEMBERS. No Member shall have priority over any other Member either as to the return of its original capital contribution such Member’s Capital Contribution or as to distributions by the Company, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (L Brands Service Company, LLC)

NO PRIORITY AMONG MEMBERS. No Member shall have priority over any other Member either as to the return of its original capital contribution Capital Contribution or as to distributions by the Company, except as specifically provided in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Rouge Steel Co)

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NO PRIORITY AMONG MEMBERS. No Member shall have priority over any other Member either as to the return of its original capital contribution Capital Contribution or as to distributions by the Company, except as specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (M I Schottenstein Homes Inc)

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