Common use of Equity Percentage Clause in Contracts

Equity Percentage. The aggregate ownership percentage of the Borrower, CVOP I or CVOP II or their respective Subsidiaries, as applicable, in each Unconsolidated Affiliate or Subsidiary of Borrower, CVOP I or CVOP II, as applicable, that is not a Wholly Owned Subsidiary, which shall be calculated as the greater of (a) the Borrower’s, CVOP I’s or CVOP II’s, as applicable, direct or indirect nominal capital ownership interest in the Unconsolidated Affiliate or such Subsidiary, as applicable, as set forth in the Unconsolidated Affiliate’s or such Subsidiary’s organizational documents, as applicable, and (b) the Borrower’s, CVOP I’s or CVOP II’s, as applicable, direct or indirect economic ownership interest in the Unconsolidated Affiliate or Subsidiary of Borrower, CVOP I or CVOP II, as applicable, that is not a Wholly Owned Subsidiary, as applicable, reflecting the Borrower’s, CVOP I’s or CVOP II’s, as applicable, current allocable share of income and expenses of the Unconsolidated Affiliate or such Subsidiary, as applicable.

Equity Percentage. The aggregate ownership percentage of REIT, the Borrower, Borrower or CVOP I or CVOP II or their respective Subsidiaries, as applicable, Subsidiaries in each Unconsolidated Affiliate or Subsidiary of BorrowerREIT, CVOP I Borrower or CVOP III, as applicable, that is not a Wholly Owned Subsidiary, which shall be calculated as the greater of (a) the BorrowerREIT’s, CVOP IBorrower’s or CVOP III’s, as applicable, direct or indirect nominal capital ownership interest in the Unconsolidated Affiliate or such Subsidiary, as applicable, as set forth in the Unconsolidated Affiliate’s or such Subsidiary’s organizational documents, as applicable, and (b) the BorrowerREIT’s, CVOP IBorrower’s or CVOP III’s, as applicable, direct or indirect economic ownership interest in the Unconsolidated Affiliate or Subsidiary of BorrowerREIT, CVOP I Borrower or CVOP III, as applicable, that is not a Wholly Owned Subsidiary, as applicable, reflecting the BorrowerREIT’s, CVOP IBorrower’s or CVOP III’s, as applicable, current allocable share of income and expenses of the Unconsolidated Affiliate or such Subsidiary, as applicable.