Common use of Distributions; Priority Clause in Contracts

Distributions; Priority. Except as otherwise provided in this ARTICLE 5 or Section 9.3, distributions shall be shared among the Members as follows: (i) First, to pay any outstanding Temporary Advances and any interest accrued thereon; and (ii) Second, to the Members as distributions in respect of their interests in the Fund in proportion to their respective Membership Interest Percentages.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Capitala Finance Corp.)

Distributions; Priority. Except as otherwise provided in this ARTICLE ‎ARTICLE 5 or Section ‎Section 9.3, distributions shall be shared among the Members as follows: (i) First, to pay any outstanding Temporary Advances and any interest accrued thereon; and (ii) Second, to the Members as distributions in respect of their interests in the Fund in proportion to their respective Membership Interest Percentages.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Capitala Finance Corp.)

Distributions; Priority. Except as otherwise provided in this ARTICLE 5 or Section 9.3‎Article V, distributions shall be shared among the Members as follows: (i) First, to pay any outstanding Temporary Advances and any interest accrued thereon; and (ii) Second, to the Members as distributions in respect of their interests in the Fund Company in proportion to their respective Membership Interest PercentagesCapital Contributions.

Appears in 1 contract

Sources: Limited Liability Company Agreement (MONROE CAPITAL Corp)