Preferred Member. Pursuant to this Agreement, Purchaser shall be ----------------- a preferred investor and member in the LLC, and as such shall receive a preferred return on its Contributed Equity from the distributed cash flow of the LLC as per Section 5.15.
Appears in 2 contracts
Sources: LLC Membership Interests Purchase Agreement (Hersha Hospitality Trust), LLC Membership Interests Purchase Agreement (Hersha Hospitality Trust)