Participation Percentages. The weight of the vote (“Participation Percentage”) of each Party’s Board Member for all matters specified in Sections 2.b.ii, iii and iv will be determined pursuant to the provision of this paragraph. The Participation Percentages of all Listed Entities, assuming every Listed Entity is becoming and remains a Party, is based on the relative estimated population and annual electrical loads within each Listed Entity and is specified in Column C of Schedule 1 (“Original Weight”).
a. From the Effective Date to July 31, 2021, the Participation Percentages of all Parties will equal each Party’s Original Weight as a percentage of the Original Weight of all Listed Entities who have previously become Parties by executing this Agreement and delivering it to the Secretary as specified herein.
b. From August 1, 2021, to the end of Phase 1, each Party’s Participation Percentage will be based on its Phase 1 Payment obligation, including its Phase 1 Initial Payment obligation and any Phase 1 Anchor Payment obligation (as defined below), as a percentage of the total approved Phase 1 expenditures specified in Section 7.b. Such Participation Percentages will be updated and calculated prior to any Board meeting or vote if any Listed Entity has become a new Party and/or an Anchor Community since the last time the same were updated.
c. From the end of Phase 1 through the end of Phase 2 each Party’s Participation Percentage will be as based on its aggregate Phase 1 and Phase 2 Payment obligations, including its Phase 1 Initial Payment obligation, any Phase 1 Anchor Payment obligation, and any Phase 2 Initial or Anchor Payment obligations (as defined below), as a percentage of the total approved Phase 1and 2 expenditures as specified Sections 7.b. and 7.c.
d. Unless otherwise agreed by all Parties, after the end of Phase 2, each Party’s Participation Percentage will be updated as of April 1 of each year, or such other date as determined by the Board, to reflect the relative estimated annual electrical loads of Participating Customers within such Participating Community as a percentage of the annual electrical loads of all Participating Customers within all Participating Communities, based upon the most recently available 12-month data or estimates from RMP as approved by the Board.
e. The Participation Percentage of all parties shall equal 100%.
Participation Percentages. Subject to Section 4(a), each Project Agreement Member shall pay that share of costs for activities undertaken pursuant to this Project Agreement, whether undertaken in the name of the Authority or otherwise, equal to such Project Agreement Member Participation Percentage as established in this Section 5. The initial Participation Percentages of the Project Agreement Member are set forth in the attached Exhibit A. These initial Participation Percentages are for the purpose of establishing the Reservoir Project Agreement Members respective responsibilities for costs under this Project Agreement and other amounts contained in the approved Fiscal Year budget and Phase 2 budget target, which is defined as the “Approved Budget” on Exhibit B. The Participation Percentages of each Project Agreement Member will be modified by the Committee from time to time as the result of the admission of a new Project Agreement Member to this Project Agreement or the withdrawal of a Project Agreement Member, and Exhibit A shall be amended to reflect all such changes. Such amended Exhibit A shall, upon approval by the Committee, be attached hereto and upon attachment, shall supersede all prior versions of Exhibit A without the requirement of further amendment of this Project Agreement.
Participation Percentages. The Parties acknowledge and agree that the participation percentages in Exhibit “A” (“Participation Percentages”) shall be utilized to determine the share of Coordinated Plan Expenses allocated to each GSP Group.
a. Initial Participation Percentages. Coordinated Plan Expenses will be paid proportionally by each GSP Group through the Responsible Agency to Invoice (“Responsible Agency”) identified on Exhibit “A,” pursuant to each GSP Group’s respective Participation Percentage, which is initially set in equal percentages, as indicated in Exhibit “A.”
Participation Percentages. Each Member shall have a "Participation Percentage" which shall be determined by dividing the sum of such Member's Capital Contributions by the sum of the Capital Contributions of all Members.
Participation Percentages. 6 4.6 Allocations of Gains and Losses.............................................................. 6 4.7 Distributions................................................................................ 7 ARTICLE V --TRANSFERS AND THE ADMISSION OF ADDITIONAL MEMBERS................................................. 7
Participation Percentages. Each Project Agreement Member shall pay that share of costs for activities undertaken pursuant to this Project Agreement, whether undertaken in the name of the Authority or otherwise, equal to such Project Agreement Member participation percentage as established in this Section 4. The initial participation percentages of the Project Agreement Member are set forth at the attached Exhibit A1 . These initial participation percentages are for the purpose of establishing the Reservoir Project Agreement Members respective responsibilities for start-up costs and other amounts contained in the approved Fiscal year budget and Phase 1 budget target, which is defined as the “Reservoir Total” on Exhibit B . The participation percentages of each Project Agreement Member will be modified by the Committee from t ime to t ime as the result of the admission of a new Project Agreement Member to this Project Agreement or the withdrawal of a Project Agreement Member, and Exhibit A1 shall be amended to reflect all such changes. Such amended Exhibit A1 shall, upon approval by the Committee, be attached hereto and upon attachment, shall supersede all prior versions of Exhibit A1 without the requirement of further amendment of this Project Agreement.
Participation Percentages. Xxxxxx Mae’s portion of each Credit Advance or Liquidity Advance is 50% and Xxxxxxx Mac’s portion of each Credit Advance or Liquidity Advance is 50% as set forth in the Participation Certificate.
Participation Percentages. As of the Effective Time, the Adjusted DreamWorks Participation Percentage of each Partner shall be as set forth below: Partner Adjusted Dream Works Participation Percentage M&J K B 0.0723 % M&J K 21.6963 % XX-XX 21.7686 % DW Lips 21.7686 % DWI II 29.4173 % Xxx Entertainment, L.L.C. 5.2769 % Universal 0 % Tax Matters
Participation Percentages. Commented [A13]: Alternative Proposal: “Within forty- five (45) days of [DATE], all proposed Activity Agreement Members will attempt to reach agreement as to the initial participation percentages between themselves that will dictate each Activity Agreement Member’s respective share of the initial budget amount referenced above in Section 7.1, plus any subsequent Activity Agreement Expenses. The intent of these initial participation percentages is to match the anticipated percentage of expansion water storage that each Activity Agreement Member will receive from the Project. As set forth below, this Agreement will not become effective until all Activity Agreement Members reach agreement on their initial participation percentages.”
Participation Percentages. Each Project Agreement Member shall pay that share of Phase 2 Obligation equal to such Project Agreement Member’s Participation Percentage with respect to each Phase 2 Obligation. The initial Participation Percentages of the Project Agreement Member’s for the initial Phase 2 Obligation are set forth at the attached Exhibit A. These initial Participation Percentages are for the purpose of establishing the Project Agreement Members respective responsibilities for amounts contained in the approved Fiscal Year 2019. In the event that the Committee and the Authority approve Participation Percentages with respect to Phase 2 Obligations that are different than the initial Participation Percentages set forth in Exhibit D, including but not limited to Phase 2 Obligations the interest on which is not excludable from gross income for federal income tax purposes, Exhibit D shall be amended to reflect such additional Participation Percentages. Approval of Participation Percentages with respect to Phase 2 Obligations different than the initial Phase 2 Participation Percentages set forth in Exhibit D shall constitute a Material Change Item. The Participation Percentages of each Project Agreement Member will be modified by the Committee from time to time as the result of the admission of a new Project Agreement Member to this Project Agreement or the withdrawal of a Project Agreement Member, and Exhibit A shall be amended to reflect all such changes. All amendments to Exhibit A shall, upon approval by the Committee, be attached hereto and upon attachment, shall supersede all prior versions of Exhibit A without the requirement of further amendment of this Project Agreement.
