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Common use of Percentage Ownership Clause in Contracts

Percentage Ownership. The percentage ownership shall be calculated by combining the total of a Member’s Voting Capital and Nonvoting Capital and dividing the sum by the total of all the Members’ Voting and Nonvoting Capital. The initial percentages are included in Exhibit 1.

Appears in 24 contracts

Samples: LLC Operating Agreement, LLC Operating Agreement, Multi Member LLC Operating Agreement

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Percentage Ownership. The Calculate the percentage of ownership shall be calculated by combining adding the total of a Member’s Voting Capital and Nonvoting Non-voting Capital and dividing the this sum by the total of all the Members’ Voting and Nonvoting Non-voting Capital. The initial percentages of ownership are included in Exhibit 1.

Appears in 1 contract

Samples: Operating Agreement

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