[Attorney] 2918 Colby Avenue, Suite 211 Everett, WA 98201 2.7 The name, present mailing address, initial Capital Account balances, Members. number of Units, and Percentage Interest of each Member is set forth on as amended Exhibit A from time to time. Article 3 UNITS AND CAPITAL CONTRIBUTIONS 3.1 The Capital Contributions Initial Capital Contributions and Issuance of Units. which each Member has made or is required to make to the Company are set forth on Exhibit A. 3.2 No Member shall be obligated to No Additional Capital Contributions. contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company. 3.3 Members shall not be paid interest on their No Interest on Capital Contributions. Capital Contributions. 3.4 Except as otherwise provided in this Return of Capital Contributions. Agreement, no Member shall have the right to receive any return of any Capital Contribution. 3.5 If a Member is entitled to receive a return of a Form of Return of Capital. Capital Contribution, the Member shall not have the right to receive anything but cash in return of the Capital Contribution. Member’s 3.6 Any Member may make or cause a loan to be made to the Company in an Loans. amount and on those terms upon which the Company, acting through its Managers, and the Member agree. Article 4 ALLOCATIONS AND DISTRIBUTIONS 4.1 After giving effect to the special allocations Allocation of Profit or Loss. set forth in for any Allocation Period of the Company, Profit or Loss shall be Section 4.3, allocated to the Members in proportion to their Percentage Interests; provided, however, that Loss allocated pursuant to this shall not exceed the maximum amount of Loss that can be Section 4.1 so allocated without causing any Member to have an Adjusted Capital Account Deficit at the end of any taxable year. In the event that some but not all Members would have an Adjusted Capital Account Deficit as a consequence of an allocation of Loss pursuant to this the Section 4.1, limitation set forth in the foregoing proviso shall be applied on a Member by Member basis so as to allocate the maximum permissible Loss to each Member under Regulation Section In the event that in any year, Loss is allocated other than in accordance with Percentage Interests, the next succeeding allocation of Profit shall offset such loss allocation. 4.2 Distributions.
[Attorney] 2918 Colby Avenue, Suite 211 Everett, WA 98201 2.7 Members. The name, present mailing address, initial Capital Account balances, number of Units, and Percentage Interest of each Member is set forth on Exhibit A as amended from time to time. Article 3 UNITS AND CAPITAL CONTRIBUTIONS 3.1 Initial Capital Contributions and Issuance of Units. The Capital Contributions which each Member has made or is required to make to the Company are set forth on Exhibit A. 3.2 No Additional Capital Contributions. No Member shall be obligated to contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company. 3.3 No Interest on Capital Contributions. Members shall not be paid interest on their Capital Contributions. 3.4 Return of Capital Contributions. Except as otherwise provided in this Agreement, no Member shall have the right to receive any return of any Capital Contribution. 3.5 Form of Return of Capital. If a Member is entitled to receive a return of a Capital Contribution, the Member shall not have the right to receive anything but cash in return of the Member’s Capital Contribution. 3.6 Loans. Any Member may make or cause a loan to be made to the Company in an amount and on those terms upon which the Company, acting through its Managers, and the Member agree. Article 4 ALLOCATIONS AND DISTRIBUTIONS 4.1 Allocation of Profit or Loss. After giving effect to the special allocations set forth in Section 4.3, for any Allocation Period of the Company, Profit or Loss shall be allocated to the Members in proportion to their Percentage Interests; provided, however, that Loss allocated pursuant to this Section 4.1 shall not exceed the maximum amount of Loss that can be so allocated without causing any Member to have an Adjusted Capital Account Deficit at the end of any taxable year. In the event that some but not all Members would have an Adjusted Capital Account Deficit as a consequence of an allocation of Loss pursuant to this Section 4.1, the limitation set forth in the foregoing proviso shall be applied on a Member by Member basis so as to allocate the maximum permissible Loss to each Member under Regulation Section In the event that in any year, Loss is allocated other than in accordance with Percentage Interests, the next succeeding allocation of Profit shall offset such loss allocation. 4.2 Distributions.