Membership Percentages Sample Clauses
The Membership Percentages clause defines the ownership interests or shares that each member holds in a company or organization. Typically, this clause specifies the exact percentage of ownership attributed to each member, which directly affects voting rights, profit distributions, and responsibilities for losses. By clearly outlining these percentages, the clause ensures transparency and prevents disputes over ownership stakes, thereby providing a clear framework for decision-making and financial allocations among members.
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Membership Percentages. A membership percentage (a "Membership Percentage") shall be determined for each Member for any given series of Units for each Accounting Period of the Company by dividing (i) the number of Units owned by such Member within a given series by (ii) the aggregate number of outstanding Units of such series as of the beginning of such Accounting Period, after taking into account, in the case of both clause (i) and clause (ii), any Units issued or redeemed as of (or the day immediately after) the beginning of such Accounting Period. The aggregate Membership Percentages for each series of Units shall equal 100%.
Membership Percentages. 12 Section 4.05 Allocation of Net Capital Appreciation or Net Capital Depreciation. ............................................13 Section 4.06 Amendment of Incentive Allocation. .......................14 Section 4.07 Determination of Net Assets. .............................14 Section 4.08 Determination of Net Asset Value. ........................15 Section 4.09
Membership Percentages. 11 Section 4.05 Allocation of Net Capital Appreciation or Net Capital Depreciation................................12 Section 4.06
Membership Percentages. The "Membership Percentages" of the Members are as follows: MEMBER MEMBERSHIP PERCENTAGE ------ --------------------- Salem Radio Operations, LLC 1% Salem Media Corporation 99% --- Total 100% ===
Membership Percentages. Each Member holds the number of Units set forth on Schedule A hereto.
Membership Percentages. Each Member’s percentage interest in the Company (the “Membership Percentage”) is as follows:
Membership Percentages. This Limited Liability Company Agreement of Honda Titling D LLC, a Delaware limited liability company (the "Company"), dated as of May __, 1999, is between American Honda Finance Corporation ("AHFC"), a California corporation, and Honda Funding Inc., a Delaware corporation (the "Independent Member" and, together with AHFC, the "Members"); and
Membership Percentages. 7 5.4 Distributions.................................................................7 5.5
Membership Percentages. A membership percentage (a “Membership Percentage”) shall be determined for each Member for each Accounting Period of the Company by dividing (i) the amount of such Member’s Capital Account by (ii) the aggregate amount of the Capital Accounts of all Members as of the beginning of such Accounting Period, after taking into consideration, in the case of both clauses (i) and (ii), Capital Contributions, redemptions and distributions as of (or the day immediately after) the beginning of such Accounting Period. The aggregate Membership Percentages for the Company shall equal 100 percent.
Membership Percentages. The “Membership Percentage” of the Sole Member shall be 100%.