Adjustment of Interests. Upon admission of a new Member, the Percentage Interests of all previously existing Members shall be adjusted to reflect the addition of such new Member and such new Member's Capital Contribution.
Adjustment of Interests. Subsequent to the Participation Date, the respective Interests of the Participants shall be determined from time to time as being equal to the product obtained by multiplying 100% by a fraction of which the numerator is the amount of that party's contributions to Costs after the Participation Date plus that party's deemed expenditure, and the denominator is the amount of all contributions to Costs made subsequent to the Participation Date by all Participants plus the deemed expenditures by both parties.
Adjustment of Interests. If a party elects not to contribute to the Costs of any Program, the Interest of that party shall be decreased and the Interest of each Participant contributing in excess of its proportionate share of the Costs shall be increased so that, subject to paragraph 8.1, the Interest of each party will be that percentage calculated as set out in paragraph 3.3. Except in the events described in paragraph 7.9 or if that party's Interest is assigned or conveyed as contemplated in paragraph 8.1, the party whose Interest has been reduced shall be entitled to receive details of and contribute to future Programs to the extent of its then Interest.
Adjustment of Interests. If additional Capital Contributions are made in accordance with Section 6.2 above, or in conjunction with the admission of a new Member pursuant to Article 11 of this LLC Agreement, the Economic and Voting Interests of each Member and Economic Interest Owner shall be adjusted for the applicable Series (which shall be reflected on a revised Exhibit A) to reflect such additional contributions in accordance with the following formula:
Adjustment of Interests. 3A.1 In the event that the Company is recapitalized in connection with the purchase and sale of the ICI Interests (whether through the exercise of ICI's Put Option or H's Call Option (as defined in Schedule 2 of the 1999 Agreement) or otherwise), including without limitation, by incurring any indebtedness, but an Equity Investor does not exercise its First Investor Put Option (as defined in the Members Agreement), then the ownership percentages and capital accounts of H and such Equity Investor shall be adjusted pursuant to this clause 3A; provided, however, that no such adjustment shall be made in respect of any such recapitalization to the extent that such Equity Investor receives its pro rata share (such pro rata share to be calculated without regard to this clause 3A) of any distribution made in connection with such recapitalization (a RECAPITALIZATION). The purpose of such adjustment is to account for the effect, if any, on the remaining Equity Investors' Interests of ICI's agreement with H under clause 4(b)(iv) of Schedule 2 of the 1999 Agreement regarding a pre-determined value for the PO/MTBE Business, clause 4(b)(v)(aa) of Schedule 2 of the 1999 Agreement regarding reductions in the Net Debt as a result of product liability claims or environmental compliance in connection with the PO/MTBE Business, and clause 4(b)(v)(cc) of Schedule 2 of the 1999 Agreement regarding reductions in the Net Debt as a result of capital expenditure incurred in respect of a major expansion project for the PO/MTBE Business. CALCULATION OF IMPLIED INCREMENTAL VALUE 3A.2 The implied incremental value (the IMPLIED INCREMENTAL VALUE) transferred between ICI and H as a result of any difference between the fair market value of the PO/MTBE Business and the pre-determined value of the PO/MTBE Business and the two potential adjustments to Net Debt because of product liability or capital expenditures related to the PO/MTBE Business shall be calculated as follows:
Adjustment of Interests. The parties acknowledge and agree that the fair market value of TPG's interest in the Company with respect to the CNP Equity Interests is equal to Forty Million Eight Hundred Thirty Eight Thousand Four Hundred Thirty Eight Dollars ($40,838,438), subject to adjustment pursuant to Section 7.4 (as so adjusted, the “TPG CNP Value”). Accordingly, at the Closing the Percentage Interests of TPG and CalSTRS in the Company shall be adjusted as set forth in the Operating Agreement Amendment (as defined herein).
Adjustment of Interests. 14.1 The level of the respective Interests of the Participants in the Properties will be as determined by section 3.1 of this Agreement so long as each Participant contributes its Cost Share of every Contributing Budget. At any time and from time to time after a participant (the “Diluted Participant”) has elected or is deemed to have elected not to contribute its Cost Share of a Contributing Budget pursuant to section 13.3, 13.6 and 13.9 or, if a Participant fails to remit its Cost Share of the monthly cash requirements of a Contributing Budget in which it elected to participate in accordance with section 13.7, the percentage level of such Participant’s Interest in the Properties (the “Diluted Participant’s Interest”) will be calculated in accordance with the following formula:
Adjustment of Interests. 11.1 The level of the respective Interests of the Participants in the JV Property will be as determined by section 4 of this agreement and the Option Agreement so long as each Participant contributes its Cost Share of every Contributing Budget as set out in sections 9 and 10. At any time and from time to time after a Participant (the "Non-Contributing Participant") has elected or is deemed to have elected not to contribute its Cost Share of a Contributing Budget pursuant to section 10.1 or 10.6 the percentage level of such Participant's Interest in the JV Property will be calculated in accordance with section 11.1(i). If a Participant fails to remit its Cost Share of the monthly cash requirements of a Contributing Budget in which it elected to participate in accordance with section 9.5 the percentage level such Participant's Interest in the JV Property will be calculated in accordance with section 11.1(ii).
Adjustment of Interests. (i) If USARE contributes the Shortfall Amount, then the then current Interest of TMRC will be reduced (subject to the Minimum Percentage Interest), effective as of each cash call under an additional Capital Contribution for the applicable Program and Budget, by a fraction, expressed as a percentage:
Adjustment of Interests. The interests of the Partners may be adjusted from time to time, and additional units issued, as the General Partners may deem necessary or proper to give due effect to any non pro rata capital contributions. In addition, if there is a pro-rata distribution or contribution of shares stock of The Gap, Inc. or of the equity ownership in any successor corporation, units shall be cancelled or additional units issued as the General Partners deem appropriate to maintain the same overall relationship of outstanding units and the number of shares of The Gap, Inc. (or such equity ownership) held by the partnership.
