Common use of No Priority Clause in Contracts

No Priority. Except as otherwise provided in this Agreement, no Member will have priority over any other Member as to the return of capital, allocation of income or losses, or any distribution.

Appears in 3 contracts

Samples: Joint Venture Agreement (Regenerx Biopharmaceuticals Inc), Joint Venture Agreement (Monaco Coach Corp /De/), Joint Venture Agreement

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No Priority. Except as otherwise may be provided in this Agreement, no Member will shall have priority over any other Member as Member, with respect to the return of capitala Capital Contribution, allocation or distributions or allocations of income or income, gain, losses, deductions, credits, or any distributionitems thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Sierra Gold Corp.), Limited Liability Company Agreement (American Sierra Gold Corp.)

No Priority. Except as may be otherwise expressly provided in this Agreement, no Member will have priority over any other Member as to the return of capitalCompany income, allocation of income gain, loss, credits and deductions or losses, or any distributiondistributions.

Appears in 2 contracts

Samples: Operating Agreement (Wizard World, Inc.), Limited Liability Company Agreement (IMH Financial Corp)

No Priority. Except as provided in Section 4.3 and 5.5 and otherwise provided in this Agreement, no Member will shall have priority over any other Member as to the return of capital, allocation of income or losses, or any distribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (A-Power Energy Generation Systems, Ltd.)

No Priority. Except as otherwise expressly provided for in this Agreement, no Member will shall have priority over any other another Member as to the return of capitalCapital Contributions, allocation loans, or allocations of income or income, gain, profits, losses, credits, or any distributiondeductions or as to distributions.

Appears in 1 contract

Samples: Joint Venture Limited Liability Company Agreement

No Priority. Except as otherwise expressly provided in this Agreement, no Member will shall have priority over any other Member either as to the return of capital, the amount of such Member’s Capital Contribution or as to any allocation of income any item of income, gain, loss, deduction or losses, or any distributioncredit of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Education Realty Trust, Inc.)

No Priority. Except as otherwise expressly provided for in this Operating Agreement, no Member will shall have priority over any other another Member as to the return of capitalCapital Contributions or allocations of income, allocation of income or gain, profits, losses, credits or any distributiondeductions or as to distributions.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Quintel Communications Inc)

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No Priority. Except as otherwise provided in this Agreement, no Member will shall have priority over any other Member either as to the return of capitalthe amount of its Capital Contribution or, except as provided in Article VII, as to any allocation of income any item of income, gain, loss, deduction or losses, or any distributioncredit of the Company.

Appears in 1 contract

Samples: Operating Agreement

No Priority. Except as may be otherwise expressly provided for in this Agreement, no Member will shall have priority over any other another Member as to the return of capitalCapital Contributions or allocations of income, allocation of income or gain, profits, losses, credits or any distributiondeductions or as to distributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement

No Priority. Except as otherwise provided in this Agreementherein, no Member will shall have priority over any other Member as to the return of capitalits Capital Contributions, allocation allocations of income or income, gain, losses, credits, deductions, or any distributionas to distributions.

Appears in 1 contract

Samples: Limited Liability Company Membership Purchase Agreement (Banyan Corp /Or/)

No Priority. Except as otherwise expressly provided for in this Agreement, no Member will shall have priority over any other another Member as to the return of capitalCapital Contributions, allocation loans or allocations of income or income, gain, profits, losses, credits or any distributiondeductions or as to distributions.

Appears in 1 contract

Samples: Operating Agreement (Morgans Hotel Group Co.)

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