NONPRORATA DISTRIBUTIONS. The Members intend that all Distributions will be made to the Members in proportion to their Ownership Interests. In the event any Distribution is not made in proportion to their Ownership Interests, any excess Distribution to a Member will be treated as an advance or loan made by the Company to such Member, payable to the Company with Interest and on demand.
Appears in 3 contracts
Samples: Operating Agreement (Tele Communications Inc /Co/), Management Agreement (Casino America Inc), Management Agreement (Nevada Gold & Casinos Inc)
NONPRORATA DISTRIBUTIONS. The Unless the Members otherwise unanimously agree, the Members intend that all Distributions will be made to the Members in proportion to their Ownership Interests. In the event any Distribution is not made in proportion to their Ownership InterestsInterests without the unanimous consent of the Members, any excess Distribution to a Member will be treated as an advance or loan made by the Company to such Member, payable to the Company with Interest and on demand.
Appears in 2 contracts
Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Grand Palais Riverboat Inc)
NONPRORATA DISTRIBUTIONS. The Except as provided in Section 6.1, the Members intend that all Distributions will be made to the Members in proportion to their Ownership Interests. In Except as permitted in Section 6.1, in the event any Distribution is not made in proportion to their Ownership Interests, any excess Distribution to a Member will be treated as an advance or loan made by the Company to such Member, payable to the Company with Interest and on demand.
Appears in 2 contracts
Samples: Operating Agreement (Lakes Gaming Inc), Operating Agreement (Lakes Gaming Inc)
NONPRORATA DISTRIBUTIONS. The Unless the Members otherwise unanimously agree, ------------------------ the Members intend that all Distributions will be made to the Members in proportion to their Ownership Interests. In the event any Distribution is not made in proportion to their Ownership InterestsInterests without the unanimous consent of the Members, any excess Distribution Distributions to a Member will be treated as an advance or loan made by the Company to such Member, payable to the Company with Interest and on demand.
Appears in 1 contract
Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)