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Common use of Member Percentage Clause in Contracts

Member Percentage. There shall be established for each Member, as of the first day of each Accounting Period, a member percentage for such Accounting Period (the “Member Percentage”). The Member Percentage of a Member for such Accounting Period shall mean the percentage ownership of a Member, which percentage shall be determined by reference to the Member Percentage as outlined in Schedule A attached. The sum of the Member Percentages of all Members for each Accounting Period shall be equal to one hundred percent (100%).

Appears in 4 contracts

Samples: Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.)