Adjustments to Percentage Interests. The Percentage Interests of the Partners shall be adjusted in accordance with this Section 2.4(d). The Partnership Board shall provide notice of each adjustment to all Partners and Schedule 2.1 shall be revised to reflect such adjustment.
(i) Except as otherwise provided in clause (ii) of this Section 2.4(d), the Percentage Interests of the Partners shall be adjusted in accordance with the definition of "Percentage Interest" to give effect to Additional Capital Contributions made (or deemed to be made) pursuant to Section 2.3, Section 2.5 (if applicable) and this Section 2.4, provided that if there are any Declining Partners or Delinquent Partners with respect to any Additional Contribution Notice, the determination of the amount of the adjustment of the Percentage Interests for Additional Capital Contributions made in response to such notice will be deferred until the later of the last day for the making of Additional Capital Contributions in connection with any Shortfall and the expiration of the Grace Period, provided, however, that such adjustment, whenever determined, shall be effective as of the Contribution Date. The Percentage Interests of the Partners will be further adjusted as and when Additional Capital Contributions, if any, are made as contemplated by clause (iii) or (iv), as applicable, of Section 2.4(c).
(ii) If any Partner fails for any reason (x) to make its Requested Contribution with respect to an Additional Contribution Notice that requests Additional Capital Contributions in an amount that, when added to the aggregate amount of Original Capital Contributions and Additional Capital Contributions made or requested to be made in accordance with this Agreement (excluding any PioneerCo Contribution), would exceed Five Billion Dollars ($5,000,000,000), or (y) to make a Preemptive Contribution at such time as the aggregate amount of Original Capital Contributions and Additional Capital Contributions made or requested to be made in accordance with this Agreement (excluding any PioneerCo Contribution but including all Preemptive Contributions made or to be made in connection with the PioneerCo Contribution with respect to which such Partner failed to make its Preemptive Contribution) exceed Five Billion Dollars ($5,000,000,000), the Percentage Interests of the Partners shall be adjusted and thereafter determined in accordance with this Section 2.4(d)(ii). Such determination shall be made on the later of the last day for the making of Additiona...
Adjustments to Percentage Interests. Upon the admission of any additional Partners to the Partnership, or upon the making of any additional Capital Contribution to the Partnership by a Partner, the percentage interests of the Partners shall be adjusted, so that their respective percentage interests shall be the percentage that each Partner’s aggregate Capital Contributions to the Partnership bears to the aggregate Capital Contributions of all Partners to the Partnership at the applicable time of determination or, in such other manner as may be reasonably determined by the General Partner.
Adjustments to Percentage Interests. The Percentage Interests of the Members are expected to remain the same throughout the term of the Company; however, the Percentage Interests shall be modified as provided in Section 5.3(b).
Adjustments to Percentage Interests. The Xxxxxxx Member shall amend Schedule 1 upon the Company’s receipt of any Substitute Capital Contributions or actual or deemed Capital Contributions to reflect any changes in Percentage Interests.
Adjustments to Percentage Interests. In the event of the issuance of any additional Membership Units to an existing Member(s), including the admission of an additional member(s), each Member’s Percentage Interest in the Company shall be deemed to be equal to a fraction, the numerator of which is the number of Membership Units issued and outstanding to the Member, and the denominator of which is the number of Membership Units then issued and outstanding to all Members. All adjustments to a Member’s Percentage Interest in the Company shall be permanent and shall not otherwise be altered except as provided in this Agreement.
Adjustments to Percentage Interests. As of each date that Additional Capital Contribution are made by the Partners pursuant to Section 3.01(b) in a ratio other than in accordance with their then existing Percentage Interests, then the Percentage Interests of the Partners shall be immediately adjusted such that the Percentage Interest of each Partner equals a fraction, expressed as a percentage, in which the numerator equals the aggregate capital contributions made by such Partner to such date, and the denominator equals the aggregate capital contributions made to the Partnership by the Partners to such date. If the Percentage Interests of any Partners are adjusted pursuant to this Section 4.02, no Partner shall have the right to modify, rectify, or undo such adjustments thereafter, and such adjustments shall be made without the need for any further act or writing to effect any such adjustment. Each Partner hereby appoints the General Partner as his or its duly authorized agent and attorney-in-fact for purposes of preparing and executing any amendments to this Agreement necessary or desirable to reflect any adjustment of Percentage Interests under this Section 4.02. The rights granted to any Partner under this Section 4.02 shall be in addition to any Partner's rights and remedy pursuant to this Agreement, at law, or in equity with respect to any Additional Capital Contribution made other than in accordance with then existing Percentage Interests.
Adjustments to Percentage Interests. In the event of any changes in any Member’s Percentage Interest during the Fiscal Year, the Manager shall take into account the requirements of Code Section 706(d) and shall have the right to select any method of determining the varying interests of the Members during the Fiscal Year which satisfies Code Section 706(d).
Adjustments to Percentage Interests. The Hersha Member shall amend Schedule 1 upon the occurrence of any event impacting the contents thereof and promptly provide copies of such amended Schedule 1 to each of the Members.
Adjustments to Percentage Interests. Upon the admission of any additional Partners to the Partnership, or upon the making of any additional Capital Contribution to the Partnership by a Partner, the percentage interests of the Partners shall be adjusted, so that their respective percentage interests shall be the percentage that each Partner’s aggregate Capital Contributions to the Partnership bears to the aggregate Capital Contributions of all Partners to the Partnership at the applicable time of determination or, in such other manner as may be agreed to by all Partners. In any such event, the allocation provisions of the Agreement shall be amended as may then be required by the Code and the rules and regulations thereunder.
Adjustments to Percentage Interests. The Percentage Interests of the Limited Partners are expected to remain the same throughout the term of the Partnership; provided, however, the Percentage Interests shall be modified to reflect any additional Capital Contributions made by any Limited Partner, including in the event a Limited Partner makes a Default Contribution deemed a Capital Contribution pursuant to Section 6.4(a), in which event the Percentage Interests of the Partners shall be adjusted on the basis set forth therein; and provided further the Percentage Interest of PGGM PRE Fund may be reduced upon the closing of the exercise of the Options as provided and as such term is defined in Section 11.5.