PERCENTAGE GOVERNING INTEREST Clause Samples

PERCENTAGE GOVERNING INTEREST. (a) Upon the execution of this Agreement, the Governing Members shall have the following respective undivided interests in the Governing Rights of the Company, expressed as a percentage of the whole (each, a "Percentage Governing Interest"): GOVERNING MEMBER PERCENTAGE GOVERNING INTEREST Partnership 30.9% Brewery 18.1% ▇▇▇▇▇▇ 25.5% GDN 25.5% Total 100% To the extent that Percentage Class A Financial Interests have been granted by the Board to Managers, officers or other individuals pursuant to Section 5.02, those individual shall also be entitled to receive Percentage Governing Interests up to 3.5% of the total Percentage Governing Interests. In such event, the Percentage Governing Interests of the Partnership and the Brewery, as set forth above, shall be ratably reduced. (b) Upon the redemption of all the outstanding Percentage Class B Financial Interests, the Percentage Governing Interest of each Member shall be equal to such Member's Percentage Class A Financial Interest.