Profits Losses and Distributions. A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.
Appears in 23 contracts
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
Profits Losses and Distributions. A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's ’s Interest in the Company. A Member's ’s Interest shall be defined as a Member's ’s pro rata share of ownership in the Company.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC)
Profits Losses and Distributions. A. Each The Member or Members shall share all profits and losses, pro rata, in proportion to the Member's ’s Interest in the Company. A The Member's ’s Interest shall be defined as a the Member's ’s pro rata share of ownership in the Company.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)
