Economic Interests Sample Clauses
The Economic Interests clause defines the rights and entitlements of parties to receive financial benefits or bear financial obligations arising from a contract or business arrangement. It typically specifies how profits, losses, revenues, or other monetary gains are to be distributed among stakeholders, and may outline procedures for calculating and allocating these interests. By clearly delineating who is entitled to what share of the economic outcomes, this clause helps prevent disputes and ensures transparency in the financial aspects of the agreement.
Economic Interests. The Economic Interests held by each Member will be divided into and represented by Percentage Interests, and there will initially be one class of Percentage Interests. The holders of Percentage Interests will have the voting and economic rights set forth in this Agreement. References in this Agreement to “Percentage Interests” will include all Percentage Interests outstanding as of the relevant date and the Economic Interests for each Member (expressed as a percentage) shall be set forth on Exhibit B.
Economic Interests. The Class A Units shall represent Limited Partner Interests in the Partnership, and shall not be entitled to any distributions from the Partnership, except that, upon any liquidation, dissolution or winding up of the Partnership, the Class A Units in the aggregate shall be entitled to an aggregate distribution of $100 prior and in preference to any distribution of any assets of the Partnership to the holders of any other class or series of Partnership Securities. For the avoidance of doubt, each Class A Unitholder shall receive its pro rata share of such $100 based on the number of Class A Units outstanding at the time of any such liquidation, winding up or dissolution.
Economic Interests. Until Vesting, the Original Shareholders shall maintain their full economic interests and control in the business of the delivery of medi-aesthetics services (the “Clinic Business”), and ▇▇. ▇▇▇▇ shall maintain his full economic interests and control in ▇▇▇▇▇ Wellness. The Company shall own and operate the Clinic Business and ▇▇▇▇▇ Wellness based on the foregoing arrangement.
Economic Interests. 9.1 Each of the Parties acknowledges and agrees that:
(a) the payment by each of the Buyer Parties to MMC at Closing of the cash and/or other consideration provided for in such Buyer Party’s respective Share Purchase Agreement and this Agreement in exchange for all of the issued and outstanding shares of the respective Purchased Entity is based on such Purchased Entity owning and holding at Closing such undivided interests in the Production Leases and Exploration Licenses as are set forth in Exhibit “O” attached hereto in accordance with the terms of the ACA, the applicable ATAs and this Agreement;
(b) under the petroleum laws of Turkey the transfer of certain of the PTI Production Lease Interests, the CRBV Exploration License Interests, the CRBV Production Lease Interests and the TBNG Exploration License Interests is legally effective once GDPA Approval is obtained, and that no party has reason to believe (based on, among other things, advice of Turkish legal counsel) that such GDPA Approval will not be granted in a timely manner and without conditions; and
(c) TBNG shall grant to CRBV and PTI the economic interests required to be granted by TBNG in, and subject to the terms and conditions of, the CRBV NPI Agreement and the PTI NPI Agreement, and PTI shall grant to CRBV and TBNG the economic interests required to be granted by PTI in, and subject to the terms and conditions of, the CRBV NPI Agreement and the TBNG NPI Agreement.
9.2 In the event that at any time, whether before or after Closing, TWL, Valeura or PTI Holdings determines in its discretion, acting reasonably, that the NPI Agreements do not properly reflect the economic interests of TBNG, PTI or CRBV, in each case as a grantee under the applicable NPI Agreement, or does not provide such Party with adequate protection or assurances of its economic interests, as grantee thereunder, all Parties (other than MMC) shall upon written notice from any other affected Party enter such agreements or arrangements as such Party may reasonably request to so reflect or protect such economic interests.
9.3 Each Buyer Party shall do all things necessary to cause its respective Purchased Entity to give effect to the terms and provisions of the ACA, the ATAs, and the NPI Agreements and to comply in all respects with all of the obligations and liabilities of such Purchased Entity under such agreement.
Economic Interests. Any Partner may Transfer its Economic Interests in the Partnership to an Affiliate.
Economic Interests. On the LLC Effective Date, each Special Circumstance Unitholder shall receive one (1) Class B LLC Unit (or fraction thereof) for each Special Circumstance Unit (or fraction thereof) then owned by (or held for the benefit of) such Special Circumstance Unitholder as of the LLC Record Date. The issuance of the Class B LLC Units shall not be deemed to be a new investment by the Special Circumstance Unitholders, rather the mandatory conversion of each such Special Circumstance Unit into the Class B LLC Units which represent all of the economic interest of the Class B LLC Interest. Any Unitholder that is not a Special Circumstance Unitholder shall have no rights or interests of any type or nature in the JWH Special Circumstance LLC or to or with respect to any of the Special Circumstance LLC Assets, including without limitation the Special Circumstance Claims and the Claims Cash.
Economic Interests. The Class A Units shall represent Limited Partner Interests in the Partnership, and shall not be entitled to any distributions from the Partnership, except that, upon any liquidation, dissolution or winding up of the Partnership, the Class A Units in the aggregate shall be entitled to an aggregate distribution of $100 prior and in preference to any distribution of any assets of the Partnership to the holders of any other class or series of Partnership
Economic Interests. The Reclassification had no impact on the economic interest of holders of Common Stock and Series A Preferred Stock, including with regard to dividends and liquidation rights.
Economic Interests. Each Seller or † Management Company is the sole lawful record and beneficial owner of the Economic Interest set forth opposite such Seller’s name as set forth on Schedule B, which ownership is free and clear of all Liens (other than Permitted Interest Liens and any other Liens that will be released at or prior to Closing). Upon the sale of the Economic Interests and † Management Company to Purchaser at Closing pursuant to this Agreement, Purchaser will acquire (directly or through its acquisition of † Management Company) the entire legal and beneficial interest in, and good and marketable title to, such Economic Interests, free and clear of all Liens other than Permitted Interest Liens.
Economic Interests. The Class D Common Units shall represent Limited Partner Interests and Common Units in the Partnership, and shall be economically equivalent to other Common Units except for the limited purposes set forth in Section 5.15(b)(iii). In furtherance and not in limitation of the foregoing, no distribution may be made in respect of the other Common Units unless an equal distribution is simultaneously made on the Class D Common Units.