Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 60% Crescent: 40% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Limited Liability Company Agreement (Global Growth Trust, Inc.), Limited Liability Company Agreement (Global Growth Trust, Inc.)
Percentage Interests in Company. The initial percentage interest of the respective Members in the Company shall be: CNL: 6090 % CrescentBainbridge: 4010 % The percentage interest of each Member, which is subject Member as may be adjusted pursuant to the terms of Section 4.5(d)(ii)(y) and the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d)herein, is hereinafter herein called such Members’ “Percentage Interest.”
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be:
(a) Investor: CNL75%
(b) Ashford: 60% Crescent: 4025% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d)6.14, shall be set forth on Schedule A, and is hereinafter called such Members’ Member’s “Percentage Interest.”
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ashford Hospitality Trust Inc), Limited Liability Company Agreement (Ashford Hospitality Trust Inc)
Percentage Interests in Company. The percentage interest of the respective Members in the Company (“Percentage Interest”) shall be: CNL: 6095 % CrescentMCR: 405 % The percentage interest Percentage Interest of each Member, which Member is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The Except as otherwise expressly provided in this Agreement, the percentage interest of the respective Members in the Company shall bebe as follows: CNL: 60SHP 80% Crescent: 40ARC 20% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d)herein, is hereinafter called such Members’ Member’s “Percentage Interest”.”
Appears in 1 contract
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6054% CrescentTRG: 4010% ASR 36% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6080 % CrescentAHC: 4020 % The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6090% CrescentTRG: 4010% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6060 % Crescent: 4040 % The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 60CNL 95 % Crescent: 40Woodfield 5 % The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6095 % CrescentWoodfield: 405 % The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company initially shall be:
(a) PRISA III: CNL28.26%
(b) Ashford: 60% Crescent: 4071.74% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d)5.4, shall be set forth on Exhibit A, and is hereinafter called such Members’ Member’s “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ashford Hospitality Trust Inc)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6075% CrescentLMI: 4025% The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest Initial Percentage Interest of the respective Members in the Company shall be: CNL: 6090 % CrescentXxxxxx: 4010 % The percentage interest Initial Percentage Interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Percentage Interests in Company. The percentage interest of the respective Members in the Company shall be: CNL: 6054 % CrescentTRG: 4010 % HRI 36 % The percentage interest of each Member, which is subject to the preferred and priority rights provided for herein and adjustment pursuant to the terms of Section 4.5(d), is hereinafter called such Members’ “Percentage Interest.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Growth Trust, Inc.)