Common use of No Right to Priority Clause in Contracts

No Right to Priority. Except as otherwise expressly provided in this Agreement, or as required to comply with the Code and Treasury Regulations, no Member shall have priority over any other Member as to any allocations, distributions, or return of all or any part of its Capital Contributions.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Area Development Agreement (Harrison Vickers & Waterman Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.