Common use of Minimum Percentage Clause in Contracts

Minimum Percentage. Notwithstanding any provision of the Operating Agreement to the contrary, at all times during the existence of the company, the interest of each member in each material item of company income, gain, loss, deduction or credit will be equal to at least one percent (1%) of each such item.

Appears in 4 contracts

Sources: Operating Agreement (Columbia Care MD LLC), Operating Agreement (Columbia Care MD LLC), Operating Agreement (Launch Pad LLC)