Common use of Members’ Equity Clause in Contracts

Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.

Members’ Equity. The Fund Board, in its sole discretion, may declare a distribution of the Fund’s members’ equity to Fund Members. Members’ equity belongs to the Fund. No current or former individual Fund Member is entitled to an individual allocation or portion of members’ equity.