Common use of Percentage Interests and Voting Power Clause in Contracts

Percentage Interests and Voting Power. (a) For all purposes of this Agreement, the term “Percentage Interest,” as applied to a particular Member or Members shall mean such Member’s or Members’ personal property ownership right in the Company, expressed as a percentage, which shall entitle such Member or Members to share in the profits and losses of the Company and to share in distributions made by the Company in accordance with Section 3.3 hereof.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD), Limited Liability Company Agreement (PanAmSat Satellite HGS 3, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.