Common use of Priority and Return of Capital Clause in Contracts

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 22 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Priority and Return of Capital. No Except as may be provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsprofits, Net Losses losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 21 contracts

Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC), Limited Liability Company Agreement (Duncan Energy Partners L.P.)

Priority and Return of Capital. No If there is more than one Member, no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section 3.4 shall not apply to loans any loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Priority and Return of Capital. No Except as specifically provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made may make to the Company.

Appears in 6 contracts

Samples: Operating Agreement (Wellsford Residential Property Trust), Operating Agreement (Wellsford Real Properties Inc), Operating Agreement (Equity Residential Properties Trust)

Priority and Return of Capital. No Except as is expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net ProfitsIncome, Net Losses Losses, or Distributionsdistributions. This Section 8.3 shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the CompanyCompany by any Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Paulsboro Natural Gas Pipeline Co LLC), Operating Agreement (Sunoco LP), Operating Agreement (Energy Transfer Partners, L.P.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 5 contracts

Samples: Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc)

Priority and Return of Capital. No Except as provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Contributions, Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 4 contracts

Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions capital contributions or as to Net Profitsprofits, Net Losses losses or Distributionsdistributions. This Section shall not apply to loans (as distinguished from Capital Contributions), capital contributions) which a Member has made to the Company.

Appears in 3 contracts

Samples: Operating Agreement (Cooke Bros Holdings LTD), Operating Agreement (Cott Retail Brands LTD), Operating Agreement (Cott Corp /Cn/)

Priority and Return of Capital. No Except as is expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributionsdistributions. This Section 9.3 shall not apply to loans Member Loans (as distinguished from including, without limitation, Capital ContributionsContribution Loans), which a Member has made to the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MSW Energy Hudson LLC), LLC Agreement (MSW Energy Hudson LLC), LLC Agreement (Uae Ref Fuel Ii Corp)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses Losses, or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or Capital Accounts or as to Net Profits, Net Losses or Distributions. This Section 5.4 shall not not, however, apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 3 contracts

Samples: Merger Agreement (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution except as provided herein; provided, however, that this Section 5.3 shall not apply to loans any loan, guaranty, endorsement, collateral or other indebtedness (as distinguished from a Capital Contributions)Contribution) given, which made or incurred by a Member has made to the CompanyCompany or any creditor of the Company or to any indebtedness of the Company to a Member in connection with any business transaction.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Agreement (Hc2 Holdings, Inc.), Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), capital contributions) which a Member has made to the Company. No Member shall be entitled to the return of his or her Capital Contribution or interest thereon except by way of distribution of cash or other assets of the Company pursuant to the terms of this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Metropolis Realty Holdings LLC), Limited Liability Company Agreement (Metropolis Realty Trust Inc), Limited Liability Company Agreement (Metropolis Realty Holdings LLC)

Priority and Return of Capital. No Except as is expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributionsdistributions. This Section 8.3 shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the CompanyCompany by any Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (TransMontaigne Partners L.P.), Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP), Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)

Priority and Return of Capital. No Except as expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 3 contracts

Samples: Operating Agreement (Behringer Harvard Opportunity REIT II, Inc.), Operating Agreement (Inland Western Retail Real Estate Trust Inc), Operating Agreement (Inland Western Retail Real Estate Trust Inc)

Priority and Return of Capital. No Except as expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions Contributions, the allocation of Profits and Losses, or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Diamond Resorts Parent, LLC), Limited Liability Company Operating Agreement (Diamond Resorts Parent, LLC), Limited Liability Company Operating Agreement (Diamond Resorts Parent, LLC)

Priority and Return of Capital. No Except as may be expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net the Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made distributions with respect to the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CompoSecure, Inc.), Agreement and Plan of Merger (Roman DBDR Tech Acquisition Corp.), Merger Agreement (Roman DBDR Tech Acquisition Corp.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Am-Source, LLC), Operating Agreement (Amscan Holdings Inc)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Telergy Inc /Ny), Operating Agreement (Telergy Inc /Ny)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This any distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made may make to the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Magellan Petroleum Corp /De/)

Priority and Return of Capital. No Except as otherwise expressly provided in this Agreement, no Member shall have priority over any other Member, either as to Member for the return of its Capital Contributions or as to Net ProfitsIncome, Net Losses Loss or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Priority and Return of Capital. No Except as may be expressly provided elsewhere in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This ; provided, however, that this Section 6.6 shall not apply to operating and other loans (as distinguished from Capital Contributions), Contributions and Member loans) which a Member has made to the CompanyCompany or to another Member.

Appears in 2 contracts

Samples: Operating Agreement (Baywood International Inc), Operating Agreement (Ethanex Energy, Inc.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution except as provided herein; provided, however, that this Section 5.5 shall not apply to loans any loan, guaranty, endorsement, collateral or other indebtedness (as distinguished from a Capital Contributions)Contribution) given, which made or incurred by a Member has made to the CompanyCompany or any creditor of the Company or to any indebtedness of the Company to a Member in connection with any business transaction.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either as with respect to the return of Capital Contributions capital contributions or as to Net Profitsprofits, Net Losses losses, or Distributions. This distributions; provided that this Section 3.4 shall not apply to loans (as distinguished from Capital Contributions), which that a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, Member either as to the return of Capital Contributions capital contributions or as to Net Profits, Net Losses net profits or Distributions. This losses of the Company; provided that this Section shall not apply to approved loans (as distinguished from Capital Contributions), capital contributions) which a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Priority and Return of Capital. No Except as expressly set forth herein, no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to Net for Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section 4.6 shall not apply to loans or other -------- ------- obligations (as distinguished from a Capital Contributions), which Contribution) made by a Member has made or its Affiliates to or on behalf of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Mediacom Capital Corp), Operating Agreement (Mediacom LLC)

Priority and Return of Capital. No Except as may be expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributionsdistributions. This Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Operating Agreement (Walden Residential Properties Inc)

Priority and Return of Capital. No Member shall have priority ------------------------------ over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to Net for Profits, Net Losses Losses, or Distributions. This ; provided, however, that this Section 4.6 shall not apply to loans or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Mediacom LLC), Operating Agreement (Mediacom LLC)

Priority and Return of Capital. No Except as may be expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributionsdistributions. This Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co), Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to for Net Profits, Net Losses Losses, or Distributions. This dis- tributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Uag Mentor Acquisition LLC), Operating Agreement (United Auto Group Inc)

Priority and Return of Capital. No Except as specifically provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Strategic Realty Trust, Inc.), Operating Agreement (Strategic Realty Trust, Inc.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributionsa Distribution, except as herein provided. This Section 3.4 shall not apply to loans (as distinguished from Capital Contributions), which repayment of any loan or other indebtedness made by a Member has made to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Doe Run Resources Corp), Limited Liability Company Agreement (Ortec International Inc)

Priority and Return of Capital. No Except as may be expressly provided in Article 9, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section 6.4 shall not apply to the repayment by the Company of loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Omnibus Agreement (First Union Real Estate Equity & Mortgage Investments), Omnibus Agreement (First Union Real Estate Equity & Mortgage Investments)

Priority and Return of Capital. No Member shall have priority over any other Member, Member either as to the return of Capital Contributions capital contributions or as to Net Profits, Net Losses net profits or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to losses of the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Priority and Return of Capital. No Except as otherwise provided in this Agreement no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This ; provided, however, that this Section 6.2 shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement

Priority and Return of Capital. No Except as may be expressly provided in Article, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to the repayment by the Company of loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Global Crossing Servicios, S. De R.L. De C.V.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions capital contributions or as to Net Profitsprofits, Net Losses losses, or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), capital contributions) which a Member has made to the Company, or any indebtedness incurred by the Company to a Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Americas Power Partners Inc)

Priority and Return of Capital. No Except as may be expressly provided in Article XI, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to the repayment by the Company of loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Matthews International Corp), Operating Agreement (Matthews International Corp)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net the Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 2 contracts

Samples: Operating Agreement (Radiation Therapy Services Holdings, Inc.), Operating Agreement (Radiation Therapy Services Holdings, Inc.)

Priority and Return of Capital. No Member shall have priority over any other Member, either Member as to the return of Capital Contributions or as to Net Profits, Net Profits and Losses or Distributions. This Section shall not apply to loans (Distributions except as distinguished from Capital Contributions), which a Member has made to between the Company.Preferred Members and the Management Interest

Appears in 1 contract

Samples: Operating Agreement (Capital Cities Fund, LLC)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall will have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsnet profits, Net Losses net losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either as with respect to the return of Capital Contributions capital contributions or as to Net Profitsprofits, Net Losses losses, or Distributions. This distributions; provided that this Section 3.5 shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Viking International Resources Co., Inc.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution ) made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to Net Profitsfor cash generated from operations, Net Losses or Distributions. This Section provided that this section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Stratus Services Group Inc)

Priority and Return of Capital. No Except as may be expressly provided in Articles VI and VII or in any attachment or exhibit to this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 1 contract

Samples: Operating Agreement (C-Bond Systems, Inc)

Priority and Return of Capital. No Member: (a) may withdraw any amount of such Member s Capital Contribution without the prior written consent of the Management Member; or (b) subject to Article VII below, shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to Net for Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section 3.6(b) shall not apply to the loans made by a Member to the Company or other indebtedness (as distinguished from a Capital Contributions), which Contribution) owed to a Member has made to by the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Priority and Return of Capital. No Except as is expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributionsdistributions. This Section 9.3 shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companyany Backup Loans.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MSW Energy Finance Co Inc)

Priority and Return of Capital. No Except as is expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)

Priority and Return of Capital. No as specifically provided for in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nexcore Healthcare Capital Corp)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans (loan or other indebtedness, as distinguished from a Capital Contributions)Contribution, which made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (NaturalNano , Inc.)

Priority and Return of Capital. No Except as may be expressly provided in Section VII, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Regulations and Operating Agreement (Dynacq International Inc)

Priority and Return of Capital. No Except as may be expressly ------------------------------ provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This any distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Patina Oil & Gas Corp)

Priority and Return of Capital. No Except as may be provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions capital contributions or as to Net Profitsprofits, Net Losses losses or Distributions. This distributions; provided, that this Section shall not apply to loans (as distinguished from Capital Contributions), which capital contributions) that a Member has made to the Company.

Appears in 1 contract

Samples: Company Agreement (B&H Contracting, L.P.)

Priority and Return of Capital. No Except as otherwise provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Capital Appreciation and Net Losses Capital Depreciation or Distributions. This distributions; provided that this Section 6.05 shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grant Park Futures Fund Limited Partnership)

Priority and Return of Capital. No Member shall have priority over any other Member, either Member as to distributions from the return of Capital Contributions or as to Net ProfitsCompany; provided, Net Losses or Distributions. This however, that this Section shall not apply to loans (as distinguished from Capital Contributions), which that a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (KEMET Foil Manufacturing LLC)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No If there is more than one Member, no Member shall have a right to demand a return or payment of its Capital Contribution and no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section 3.4 shall not apply to loans any loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Era Group Inc.)

Priority and Return of Capital. No Member shall have priority over ------------------------------ any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Project Orange Capital Corp)

Priority and Return of Capital. No Member shall have priority over any other Member, either Member as to the return of Capital Contributions or Capital Accounts or as to Net Profits, Net Losses or Distributionsdistributions. This Section shall not not, however, apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Lincolnway Energy, LLC)

Priority and Return of Capital. No Except as otherwise provided herein, no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section 2.9 shall not apply to loans any loan, guaranty, endorsement, collateral or other indebtedness (as distinguished from a Capital Contributions)Contribution) given, which made or incurred by a Member has made to the CompanyCompany or any creditor of the Company or to any indebtedness of the Company to a Member in connection with any business transaction.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lakes Entertainment Inc)

Priority and Return of Capital. No Except as may be expressly provided in Article VIII or Article IX, no Member shall have priority over any other MemberMembers, either as to for the return of Capital Contributions or as to Net for Profits, Net Losses Losses, or Distributions. This Section distributions; provided that this section shall not apply to loans Loans or to Guarantor Contributions as defined in Section 8.9 (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Agreement of Members (Prime Hospitality Corp)

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Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsprofits, Net Losses losses, or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Australian Agriculture & Property Development CORP)

Priority and Return of Capital. No Except as expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsnet profits, Net Losses net losses or Distributions. This distributions; provided that this Section shall not apply to repayment of any loans (as distinguished from Capital Contributions), ) which a Member has made to the CompanyCompany with the approval of the Management Committee.

Appears in 1 contract

Samples: Operating Agreement (Northeast Utilities System)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement no Member shall have priority over and any other Member, Member either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section ; provided that this section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has may have made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Kti Inc)

Priority and Return of Capital. No Except as expressly provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), capital contributions) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Rocky Mountain Internet Inc)

Priority and Return of Capital. No Member shall be entitled to a return or distribution of such Member’s Capital Contribution, except as specifically provided herein or upon the written consent of Members holding a Supermajority Interest. No Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to Net Profitsfor Book Income, Net Losses Book Loss, Tax Profit, Tax Loss or Distributions. This ; provided that this Section 7.3 shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (THM Homes Inc)

Priority and Return of Capital. No Member shall be entitled to a return or distribution of such Member’s Capital Contribution, except as specifically provided herein or upon the written consent of Members holding a Supermajority Interest. No Member shall have priority over any other Member, ; either as to for the return of Capital Contributions or as to Net Profitsfor Book Income, Net Losses Book Loss, Tax Profit, Tax Loss or Distributions. This ; provided that this Section 7.3 shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (ResCare Finance, Inc.)

Priority and Return of Capital. No Except as specifically provided for in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.Distributions outside of those

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Except as may be expressly provided in Article X, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section 6.05 shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (JFC LLC)

Priority and Return of Capital. No Except as specifically provided herein, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Prospect Global Resources Inc.)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to for Net ProfitsCash from Operations or from Net Cash from Sales or Refinancings, Net Losses or Distributions. This Section provided that this section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Priority and Return of Capital. No Except as may be expressly provided in Sections 8.1 and 14.4, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributionsother distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Priority and Return of Capital. No Except as may be provided in this Agreement; no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsprofits, Net Losses losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (LyondellBasell F&F Holdco, LLC)

Priority and Return of Capital. No Except as provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsprofits, Net Losses losses or Distributions. This Section distributions; provided that this section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Priority and Return of Capital. No Except as expressly set forth herein, no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This a Distribution; provided, however, that this Section shall not apply to loans or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Except as may be expressly provided to the contrary, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section distributions; provided that this section 9 shall not apply affect the right of a Member to receive payments of principal and/or interest with respect to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: LLC Membership Interest Purchase Agreement (Enable Ipc Corp)

Priority and Return of Capital. No Except as may be expressly provided herein, no Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to for Net Profits, Net Losses Losses, or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Except as may be expressly provided in Section 3.01, no Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companydistributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clark Inc)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net Profits, Net Losses or Distributions. This Section a Distribution; provided, however, that this paragraph shall not apply to loans (loan or other indebtedness as distinguished from a Capital Contributions), which Contribution made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either Member as to the return of Capital Contributions or as to Net Profits, Net Profits and Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Capital Cities Fund, LLC)

Priority and Return of Capital. No Except as may be expressly provided in this Operating Agreement, no Member shall have priority over any other Member, either Member as to the return of Capital Contributions Contributions, profits, losses, or as to Net Profits, Net Losses or Distributionsdistributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Nobility Homes Inc)

Priority and Return of Capital. No Member shall Other than as may be expressly provided in this Agreement, no member will have priority over any other Membermember, either as whether on returning capital contributions or in order to net profits, net losses or any carvings; with the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This intention that this Section shall does not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made member may make to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to for Net Profits, Net Losses Losses, or Distributions. This dis- 15 <PAGE> tributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to Net for Profits, Net Losses Losses, or Distributions. This ; provided, however, that this Section 4.6 shall not apply to loans or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Insight Communications Co Inc)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section distributions, and no Member shall not apply have the right to loans (demand or receive property other than cash as distinguished from Capital Contributions), which a Member has made distribution pursuant to the Companythis Agreement.

Appears in 1 contract

Samples: Operating Agreement (iPCS, INC)

Priority and Return of Capital. No Except as may be provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profitsprofits, Net Losses losses or Distributions. This distributions; provided that this Section 5.3 shall not apply to loans (as distinguished from Capital Contributions), which ) that a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributions. This distributions; provided, however, that this Section 7.3 shall not apply to repayment of any loans (as distinguished from Capital Contributions), which ) that a Member has made may make to the Company, if applicable.

Appears in 1 contract

Samples: Operating Agreement (MVP REIT II, Inc.)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Land O Lakes Inc)

Priority and Return of Capital. No Except as may be expressly provided in Article 11, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to the repayment by the Company of loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (International Assets Holding Corp)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, Member either as to for the return of Capital Contributions or as to for Net ProfitsCash Flow, Net Losses or Distributions. This provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made or may make to the CompanyCompany pursuant to Section 5.2 or 6.9.

Appears in 1 contract

Samples: Operating Agreement (Neose Technologies Inc)

Priority and Return of Capital. No Except as may be expressly provided in Article IX hereof, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (New England Electric System)

Priority and Return of Capital. No Except as provided in this Agreement, no Member shall will have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This Section shall provision does not apply to loans (as distinguished from Capital Contributions), which a loan that a Member has made may make to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Priority and Return of Capital. No Member shall have priority over any other Member, Member either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not riot apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Gaylord Entertainment Co /De)

Priority and Return of Capital. No Except as may be expressly provided ------------------------------ in Sections 9.01 and 14.03, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributionsdistributions. This Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Community Trust Financial Services Corporation)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This ; provided, however, that this Section 6.3 shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Agrify Corp)

Priority and Return of Capital. No Except as specifically provided in this Agreement, no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses or Distributions. This distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.. ARTICLE 7

Appears in 1 contract

Samples: Operating Agreement (4 Kids Entertainment Inc)

Priority and Return of Capital. No Except as may be expressly provided in Sections 8 or 9 hereof, no Member shall have priority over any other Member, either as to whether for the return of a Capital Contributions Contribution or as to for Net ProfitsIncome, Net Losses Loss or Distributions. This a Distribution; provided, however, that this Section 5.7 shall not apply to loans any loan or other indebtedness (as distinguished from a Capital Contributions), which Contribution) made by a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (MPM Silicones, LLC)

Priority and Return of Capital. No Except as may be expressly provided in this Agreement, no Member shall have priority over any other Member, either as to for the return of Capital Contributions or as to for Net ProfitsCash from Operations or for Net Cash from Sales or Refinancing, Net Losses or Distributions. This Section provided that this section shall not apply to loans (as distinguished from Capital Contributions), ) which a Member has made to the Company.

Appears in 1 contract

Samples: Operating Agreement (Kma Global Soulutions International Inc)

Priority and Return of Capital. No Member shall have priority over any other Member, either as to the return of Capital Contributions or as to Net Profits, Net Losses Losses, or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions), which a Member has made to the Companytrust.

Appears in 1 contract

Samples: Operating Agreement

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