Examples of Class A Members in a sentence
Once the Class A Members have received an amount equal to their initial capital contributions as a return of capital , then the depreciation shall be split in accordance with Class A-1, Class A-2, Class A-3 and Class B ownership percentages.
The Class A Members shall contribute cash in the amount of One Thousand Dollars ($1,000.00) for each Unit purchased.
Allocations of depreciation shall be split one hundred percent (100.0%) to the Class A Members and zero percent (0.0%) to the Class B Members until the Class A Members’ have received an amount equal to their initial capital contributions as a return of capital, subject to the limitations set forth in Section 4.1.1 regarding Class A-4 Units.
The initial hold period of the Class A Members investment shall be five (5) years from the date of the first sale hereunder which hold period may be revised by the Manager without Notice to the Class A Members subject to other requirements expressed elsewhere herein.