First Tier. To the Members pro rata in proportion to each Member’s Percentage Interest until Investor has received distributions from Tranche II to generate an Investor IRR of [**]% with respect to the Tranche II Capital Contributions.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Taylor Morrison Home Corp)
First Tier. To the Members pro rata in proportion to each Member’s Percentage Interest until Investor has received distributions from Tranche II I to generate an Investor IRR of [**]% with respect to the Tranche II I Capital Contributions.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Taylor Morrison Home Corp)