Percentage Ownership Interest. The Members shall have the initial percentage ownership interests (as the same are adjusted as provided in this Agreement, a “Percentage Interest”) in the Company set forth on Exhibit A immediately following the Capital Contributions provided for in Section 5.1. The Percentage Interests of the Members in the Company shall be adjusted monthly so that the respective Percentage Interests of the Members at any time shall be in proportion to their respective cumulative Total Investment made (or deemed to be made) pursuant to Sections 5.1 and 5.2, as the same may be further adjusted pursuant to Section 5.2(b)(3). Percentage Interests shall not be adjusted by distributions made (or deemed made) to a Member.
Percentage Ownership Interest. (a) As of the Effective Date, the Partners shall have percentage ownership interests in the Partnership with respect to (i) the Legacy Acquisitions (as the same are adjusted as provided in this Agreement, a “Legacy Percentage Interest”) as shown on Exhibit A , and (ii) each closed Investment Opportunity (that will ultimately be part of a New Tranche Acquisition) (as the same are adjusted as provided in this Agreement, a “Tranche Percentage Interest”) of 99% for Starwood and 1% for JVP unless otherwise agreed to by Starwood and JVP. Each reference to a “Percentage Interest” shall mean to a Legacy Percentage Interest or a Tranche Percentage Interest as applicable and as the context requires. From and after the Effective Date, each Partner’s respective Percentage Interests shall be adjusted from time to time on each date when additional Capital Contributions (other than Rental Pool Additional Contributions) are made with respect to the Legacy Acquisitions and/or a New Tranche Acquisition, as applicable. On any given date, (A) JVP’s Percentage Interest shall equal a fraction (represented as a percentage) whereby the numerator of such fraction shall equal JVP’s aggregate Capital Contributions as of such date with respect to the Legacy Acquisitions and/or a New Tranche Acquisition, as applicable, and the denominator shall equal the aggregate Capital Contributions of all Partners less the aggregate Rental Pool Contributions of Starwood as of such date with respect to the Legacy Acquisitions and/or a New Tranche Acquisition, as applicable, and (B) Starwood’s Percentage Interest shall equal a fraction (represented as a percentage) whereby the numerator of such fraction shall equal Starwood’s aggregate Capital Contributions less the aggregate Rental Pool Contributions of Starwood as of such date with respect to the Legacy Acquisitions and/or a New Tranche Acquisition, as applicable, and the denominator shall equal the aggregate Capital Contributions of all Partners less the aggregate Rental Pool Contributions of Starwood as of such date with respect to the Legacy Acquisitions and/or a New Tranche Acquisition, as applicable. Percentage Interests shall not be adjusted by distributions made (or deemed made) to a Partner.
Percentage Ownership Interest. The Members shall have the initial percentage ownership interests (as the same are adjusted as provided in this Agreement, a “Percentage Interest”) in the Company set forth on Exhibit A. Percentage Interests shall not be adjusted by Distributions made (or deemed made) to a Member.
Percentage Ownership Interest. The Members shall have the initial percentage ownership interests (as the same are adjusted as provided in this Agreement, a “Percentage Interest”) in the Company set forth on Exhibit A immediately following the Initial Capital Contributions provided for in Section 5.1. The Percentage Interests of the Members in the Company shall be adjusted monthly, and if appropriate to reflect any pending adjustments that have been determined but not yet effected, prior to any request for Additional Capital Contributions pursuant to Section 5.2 or any distributions to Members pursuant to Section 6.1 or any determinations pursuant to Sections 13 and 15, so that the respective Percentage Interests of the Members at any time shall be in proportion to their respective cumulative Total Investment made (or deemed to be made) pursuant to Sections 5.1 and 5.2, as the same may be further adjusted pursuant to Section 5.2(b)(3); provided that, notwithstanding anything to the contrary contained in this Agreement, with respect to the Promote Member, such .01% Percentage Interest shall not be subject to adjustment so long as CWS has an Interest in the Company but rather, any adjustment that would otherwise be made to the Promote Member’s Percentage Interest shall instead be made to CWS’ Percentage Interest. Percentage Interests shall not be adjusted by Distributions made (or deemed made) to a Member.
Percentage Ownership Interest. The Members shall have the initial percentage ownership interests (as the same are adjusted as provided in this Agreement, a "Percentage Interest") in the Company set forth on Exhibit A immediately following the Capital Contributions provided for in Section 5.1. The Percentage Interests of the Members in the Company shall be adjusted monthly, and if appropriate to reflect any pending adjustments that have been determined but not yet effected, prior to any request for Additional Capital Contributions pursuant to Section 5.2 or any distributions to Members pursuant to Section 6.1, so that the respective Percentage Interests of the Members at any time shall be in proportion to their respective cumulative Total Investment made (or deemed to be made) pursuant to Sections 5.1 and 5.2, as the same may be further adjusted pursuant to Section 5.2(b)(3). Percentage Interests shall not be adjusted by Distributions made (or deemed made) to a Member.
Percentage Ownership Interest. (a) The Members shall have the following initial percentage ownership interests in the Financial Rights of the Company (“Percentage Interest” or “Interest”) immediately following the Capital Contributions set forth in Section 5.1 and until the Change of Percentage Interest Date provided for in Section 7.2: Investor Member 99.0% Local Member 1.0%
(b) After the Change of Percentage Interest Date, the Members shall have the following Percentage Interest in the Financial Rights of the Company: Investor Member 30.0% Local Member 70.0%
(c) Subject to Section 5.3(b), the Members shall have the following initial percentage interests in the Governing Rights of the Company immediately following the Capital Contributions set forth in Section 5.1 and until the Change of Percentage Interest Date: Local Member 49.0% Investor Member 51.0%
(d) Subject to Section 5.3(b), after the Change of Percentage Interest Date, the Members shall have the following percentage interests in the Governing Rights of the Company: Local Member 70.0% Investor Member 30.0%
Percentage Ownership Interest. As of the Closing Date, Xxxxx-Danfoss shall continue to own forty-five percent (45%) of the issued and outstanding capital stock of the Company and Daikin shall continue to own fifty-five percent (55%) of the issued and outstanding capital stock of the Company. Such percentage ownership interest shall not be changed except as otherwise provided under this Agreement. The authorized capital stock of the Company shall not be changed without the unanimous affirmative vote of the holders of all of the issued and outstanding capital stock of the Company.
Percentage Ownership Interest. The Members shall have the initial Units and the initial Percentage Interests in the Company set forth on Exhibit A immediately following the Capital Contributions provided for in Section 5.1. Exhibit A shall be amended from time to time to reflect changes in the Percentage Interests pursuant to this Agreement. Percentage Interests shall not be adjusted by Distributions made (or deemed made) to a Member under Sections 6.1 or 6.2. The Units of the Company shall be represented by certificates in the form adopted by the Managers.
Percentage Ownership Interest. 15 4.4. Return of Capital Contribution............................... 15 4.5.
Percentage Ownership Interest. Each Venturer’s respective interest in the Joint Venture (hereinafter referred as “Percentage Ownership Interest”) is as follows: Party 1 ……….(share) Party 2 ………(share) The net operating income and net operating loss of the Joint Venture shall be allocated and shared between and shared by the Joint Venture Parties in proportion to their performance of work.
