Common use of No Priority Clause in Contracts

No Priority. No Member shall have priority over any other Member as to the return of the amount of its Capital Contributions to the Fund or as to any distributions by the Fund.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Private Credit BDC II LLC), Limited Liability Company Agreement (SLR Hc BDC LLC)

No Priority. No Member shall have priority over any other Member as to the return of the amount Capital Contributions, allocation of its Capital Contributions to the Fund Profits or as to any distributions by the FundLosses, or Distributions.

Appears in 1 contract

Sources: Operating Agreement (Glk, LLC)