Percentage Interests definition

Percentage Interests shall have the meaning specified in the Trust Agreement.

Percentage Interests shall have the meaning specified in Section 6.2.

Percentage Interests means the interest of a Partner as set forth in Exhibit A attached hereto.

Examples of Percentage Interests in a sentence

• The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor and the rights of the Trust Certificateholders under the Trust Agreement at any time by the Depositor and the Owner Trustee with the consent of the Majority Noteholders and Trust Certificateholders of Trust Certificates evidencing not less than a majority of the Percentage Interests.

• The Parties shall share proportionately in and own all liquid hydrocarbons recovered with Gas by field equipment operated for the joint account in accordance with their Percentage Interests in the Balancing Area.

• Distributions of Cash Flow shall be made to each of the Partners pro ratas in accordance with their respective Partner's Percentage Interests.

• A Member may assign all or any part of such Member’s interest in the allocations and distributions of the Company to any of the following (collectively the “permitted assignees”): any person, corporation, partnership, or other entity as to which the Company has given consent to the assignment of such interest in the allocations and distributions of the Company by the affirmative vote or consent of the Member(s) holding a majority of the Members’ Percentage Interests.

• At any meeting of the Members, the presence of Members holding a majority of the Members’ Percentage Interests, as determined from the books of the Company, represented in person or by proxy, shall constitute a quorum for the conduct of the general business of the Company.

More Definitions of Percentage Interests

Percentage Interests has the meaning set forth in Section 3.1.

Percentage Interests means the Member's Interest in the Company, stated as a percentage, determined by dividing the number of Units held by the Member by the total number of issued and outstanding Units held by all Members.

Percentage Interests means the interests of the Partners in Profits and Losses, tax-exempt income, non-deductible, non- capitalizable expenditures and Tax Credits, as set forth in Schedule A.

Percentage Interests means the interests, expressed as a percentage, fraction or proportion, established in accordance with § 11-107 of this title.

Percentage Interests means, for any Member of a Series, a fraction, expressed as a percentage, the numerator of which fraction shall be the Capital Contribution of such Member and the denominator of which fraction shall be the total Capital Contributions of all Members of that Series, as may be amended from time to time upon the transfer, issuance or redemption of Interests in the Company accordance with this Agreement.

Percentage Interests of a Member means the percentage of the Member set forth opposite the name of the Member in Exhibit A attached to this Agreement, as the percentage may be adjusted from time to time pursuant to the terms of this Agreement.

Percentage Interests the percentage interest in the profits, losses and cash distributions of the Partnership which are set forth opposite each Partner’s name in Annex A.