Initial Percentage Interests. The Percentage Interests of the Partners as of the Effective Date shall be as set forth on Exhibit 3.1 hereto. Upon the transfer by a Partner of all or a portion of such Partner’s Interest pursuant to Article 8 or the issuance of new Interests by the Partnership in compliance with this Agreement, Exhibit 3.1 shall be updated to reflect the Percentage Interests of the Partners immediately following such transfer.
Initial Percentage Interests. Initially, each Member shall have a Percentage Interest equal to its Initial Percentage Interest.
Initial Percentage Interests. Upon execution of this Agreement, the Percentage Interests of each of the Members are as follows: Name Percentage Interest Alcoa USA 46.60% ASC Alumina 8.65% RMC 3.17% RME 1.58% AIH 34.10% Alumina USA 5.9% It is the general intention of the parties hereto that the respective aggregate Percentage Interests of (i) Alcoa USA, ASC Alumina, RMC and RME, on the one hand, and (ii) AIH and Alumina USA, on the other hand, shall be maintained, as among themselves, to the extent reasonably possible, in the same sixty / forty percent (60%/40%) ratio as their Percentage Interests set forth above. To this end, the Members hereby agree to use their best efforts to maintain such sixty / forty percent (60%/40%) ratio in connection with any future acquisitions of minority interests in any Company strategic alliance, acquisitions of new assets or new companies affiliated with the Company, the admission of any additional Members to the Company, the assignment of any Interests in the Company, or any portion thereof, and the timing and amounts of distributions made to the Members.
Initial Percentage Interests. The Percentage Interest of the Members is as follows: INLAND 20% NYSTRS 80%
Initial Percentage Interests. As of the Execution Date, the Members have the following initial Percentage Interests:
Initial Percentage Interests. The initial Percentage Interests of and Units held by the Members are as follows: Name Percentage Interest Units ---- ------------------- ----- Strategic Timber Trust II, LLC 100.0% 100 ----- --- Total = 100.0% 100 =====
Initial Percentage Interests. The names and addresses of ---------------------------- the Members and their initial respective Percentage Interests as of the date hereof are set forth on Schedule 1 hereto.
Initial Percentage Interests. The initial Percentage Interests of the Partners shall be as set forth in the definition of “Initial Percentage Interest.”
Initial Percentage Interests. The initial percentage interests ("Percentage Interests") of each Member shall be as follows: PERCENTAGE INTEREST ------------------- Axiohm Transactional Solutions, Inc. 100%
Initial Percentage Interests. Upon execution of this Agreement and as more fully detailed in the Tax Protocol, the initial Percentage Interest of each of the Members is as follows: Percentage Name Interest ---- ---------- ACOA 48.73% ASC 11.27% WMC-D 25.27% WMC-F 14.73% Total 100% Simultaneously with execution of this Agreement, the Members have made or are deemed to have made the capital contributions to the Company outlined in and required by Section 2.03 of the Formation Agreement. It is the general intention of the parties hereto that the respective aggregate Percentage Interests of (i) ACOA and ASC, on the one hand, and (ii) WMC-D and WMC-F, on the other hand, shall be maintained, as among themselves, to the extent reasonably possible, in the same 60%/40% ratio as their initial Percentage Interests set forth above. To this end, the Members hereby agree to use their best efforts to maintain such 60%/40% ratio in connection with any future acquisitions of minority interests in any Company strategic alliance, acquisitions of new assets or new companies affiliated with the Company, the admission of any additional Members to the Company, the assignment of any Interests in the Company, or any portion thereof, and the timing and amounts of distributions made to the Members. The Members shall cause their tax advisors to prepare the Tax Protocol, taking into the account the intentions of the Members as set forth in this Agreement, by February 28, 1995.
