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.
Priority and Return of Capital. Except as otherwise expressly provided in this LLC Agreement, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either for the return of Capital Contributions or for Net Profits, Net Losses or distributions; provided that this Section shall not apply to loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Priority and Return of Capital. No Series Member shall have priority over any other Series Member either as to the return of Capital Contributions or as to allocation of Profits, Losses or Distributions; provided that this Article 7.4 shall not apply to loans made to the Company by the Founder, a Series Manager or Series Member with respect to a Series, unless Member Classes specifically having such priority are provided in a Series Agreement.
Priority and Return of Capital. Except as may be expressly provided in Article IX, neither Member shall have priority over the other Member for the return of Capital Contributions or for Net Profits, Net Losses or distributions; provided that this Section 6.5 shall not apply to loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Priority and Return of Capital. Except as may be expressly provided in Article 9, no Equity Owner shall have priority over any other Equity Owner, either as to the return of Capital Contributions or as to Profits, Losses or Distributions; provided, however, that this Section 6.3 shall not apply to loans (as distinguished from Capital Contributions) that an Equity Owner has made to the Company.
Priority and Return of Capital. Except as may be expressly provided in Sections 8.01 and 14.04, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Profits, Losses or Distributions. This Section shall not apply to loans (as distinguished from Capital Contributions) which a Member has made to the Company. No Member shall have the right to (i) have that Member’s Units redeemed or (ii) subject to Article VIII, Article XI and Article XIV, otherwise receive Property of the Company, even if that Member dissociates prior to termination of the Company. To the extent a Member has a right to demand a distribution or return of the Member’s Capital Contributions, the Member shall have only the right to demand and receive cash therefor.
Priority and Return of Capital. Except as may be expressly provided in Article 7, 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.
Priority and Return of Capital. Except as may be expressly provided in Articles VIII or IX, no Member or Economic Interest Owner shall have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to Profits, Losses or distributions; provided that this Section shall not apply to Preference Loans (as distinguished from Capital Contributions) which a Member has made to the Company.
Priority and Return of Capital. Except as otherwise specifically set forth in this Agreement, no Member or Economic Interest Owner shall have the right to demand or receive property; nor shall such Member or Economic Interest Owner have priority over any other Member or Economic Interest Owner, either as to the return of Capital Contributions or as to any distributions pursuant to Article 4, except as otherwise specifically set forth herein.
Priority and Return of Capital. Except as specifically ------------------------------ provided in this Agreement with respect to the Series B Preferred Units, no Member shall have priority over any other Member, whether for the return of a Capital Contribution or any portion of a Capital Account or for a Distribution or an allocation of Net Profits or Net Losses; provided, however, that this Section 3.8 shall not apply to loans or other indebtedness (as distinguished from a Capital Contribution) made by a Member to the Company.
