Willow Creek Shops LLC - Operating Agreement.pdf

Operating Agreement · filed January 30, 2024 · 66 pages · deal: Willow Creek Shops
Page 3
Schedule A - Members

Schedule A - Members: Northwind Family LP, Class A Member; Keystone Retail Partners, Managing Member

Read for: Partners
Page 6
Article III - Capital contributions

3.1 The Managing Member shall contribute 10% of the total Capital Contributions

Read for: GP Ownership
Page 14
Article V - Distributions

5.2(a) first, to the Members pro rata until each has received a cumulative, compounding return of 8% per annum on its Unreturned Capital

Read for: Preferred Return

5.2(c) thereafter, 70% to the Members and 30% to the Managing Member

Read for: LP / GP Split

5.2(b) second, to the Members until their Capital Contributions are returned; (c) thereafter 70/30

Read for: Pref / Split Note
On file

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Answers: OA

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