Common use of Preferred Return Clause in Contracts

Preferred Return. Second, any remaining net income from Company Operations shall be allocated 100% to the Members until they have been allocated amounts equal to the full amount of the Preferred Return which has been distributed to them.

Appears in 4 contracts

Sources: Operating Agreement (MacKenzie Realty Capital, Inc.), Limited Liability Company Agreement (MacKenzie Realty Capital, Inc.), Operating Agreement (MacKenzie Realty Capital, Inc.)