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* * * * * * *
“Interest Holder” means any Person who holds a
Membership Interest, whether as a Member or as an
unadmitted assignee of a Member.
* * * * * * *
“Member” means each Person signing this Agreement
and any Person who subsequently is admitted as a member
of the Company.
* * * * * * *
“Negative Capital Account” means a Capital Account
with a balance of less than zero.
* * * * * * *
“Positive Capital Account” means a Capital Account
with a balance greater than zero.
* * * * * * *
SECTION III
Members; Capital; Capital Accounts
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3.4. Return of Capital Contributions. Except as
otherwise provided in this Agreement, no Interest older
shall have the right to receive the return of any
Capital Contribution.
3.5. Form of Return of Capital. If an Interest
Holder is entitled to receive a return of a Capital
Contribution, the Company may distribute cash, notes,
property or a combination thereof to the Interest
Holder in return of the Interest Holder’s Capital
Contribution.
3.6. Capital Accounts. A separate Capital
Account shall be maintained for each Interest Holder.
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Last modified: March 27, 2008