Common use of Percentage Ownership and Voting Interests Clause in Contracts

Percentage Ownership and Voting Interests. A Member’s Ownership Interest (“Ownership Interest”) is the total of his interests in Voting Capital and Nonvoting Capital, together with all of the rights, as a Member or Manager of the Company, that arise from such interests. The Percentage Ownership Interest ("Percentage Ownership Interest") of a Member shall be calculated by adding together that Member’s Voting Capital Account and Nonvoting Capital Account, and then dividing this sum by the total of all of the Member’s

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Sample Operating Agreement

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Percentage Ownership and Voting Interests. A Member’s Ownership Interest (“Ownership Interest”) is the total of his interests in Voting Capital and Nonvoting Capitalthe Company, together with all of the rights, as a Member or Manager of the Company, that arise from such interests. The Members shall have the initial Ownership, Percentage Ownership Interest ("and Percentage Ownership Interest") of a Member shall be calculated by adding together Voting Interests in the Company that Member’s Voting Capital Account and Nonvoting Capital Accountare identified in Exhibit A, and then dividing this sum by immediately following the total of all making of the Member’scapital contributions set forth therein.

Appears in 1 contract

Samples: Operating Agreement (Addvantage Technologies Group Inc)

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