Epstein Secrets

. 3.9 Priority and Return of Capital. No Member shall have priority over any other Member, whether for the return of a Capital Contribution or for Net Profits, Net Losses, or a Distribution• provided, that this Section 3.9 shall not apply to loans or other indebtedness (as distinguished from a Capital Con

mbers in a manner designed to result in each Member having a Capital Account balance equal to what it would have been had the original allocation of Net Profits or Net Losses pursuant to Sections 5.2 through 5.5 above not occurred. The Manager will apply this Section 5.6 at such times, and in such manner, and will make a

is Section B-5(b) are solely for purposes of Federal and, as applicable, state and local, income tax purposes and shall not affect the allocation of Net Profits or Net Losses as between Members or any Member's Capital Account. B-6 Tar Matters Member. The Manager is hereby designated the "Tax Matters Member

ts Capital Account. B-3 General Allocations. (a) Hypothetical Liquidation. The items of income, gain, loss and expense of the Company comprising Net Profits or Net Losses for a Fiscal Year shall be allocated among the Persons who were Members during such Fiscal Year in a manner that will, as nearly as possible, cause

is Section B-5(b) are solely for purposes of Federal and, as applicable, state and local, income tax purposes and shall not affect the allocation of Net Profits or Net Losses as between Members or any Member's Capital Account. B-6 Tar Matters Member. The Manager is hereby designated the "Tax Matters Member

ts Capital Account. B-3 General Allocations. (a) Hypothetical Liquidation. The items of income, gain, loss and expense of the Company comprising Net Profits or Net Losses for a Fiscal Year shall be allocated among the Persons who were Members during such Fiscal Year in a manner that will, as nearly as possible, cause