Recalculation of Percentage Interests Sample Clauses

Recalculation of Percentage Interests. If for any reason the schedule delivered to the Escrow Agent pursuant to Section 4 herein should need to be recalculated, Parent and the Securityholders’ Agent shall jointly: (i) calculate revised percentage interests for the Stockholders and (ii) submit such calculations in writing to the Escrow Agent.
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Recalculation of Percentage Interests. From the Effective Date until a date DF fails to fund any portion of the Total Investment Funds in accordance with paragraph 1 above (the “Funding Termination Date”), the Members shall each own the Percentage Interest in the Company as set forth on Exhibit A. However, on the Funding Termination Date, subject to paragraph 3 below, DF’s Percentage Interest shall be reduced if DF’s Total Capital Contributions do not equal the Total Investment Funds, which Percentage Interest shall be recalculated as follows: DF’s Percentage Interest shall equal DF’s Total Capital Contributions made up to the Funding Termination Date (“DF’s Total Capital Contributions”) divided by DF’s Total Capital Contributions plus $12,500,000. For example, if DF’s Total Capital Contributions equal $26,000,000, then DF’s Percentage Interest would be reset to 67.53% ($26,000,000/($26,000,000 + $12,500,000)).
Sample 1Sample 2
Recalculation of Percentage Interests. If for any reason Schedule A should need to be recalculated, Parent and the Equityholders’ Representative shall jointly: (i) calculate revised percentage interests for the Equityholders and (ii) submit such calculations in writing to the Escrow Agent.
Sample 1
Recalculation of Percentage Interests. If for any reason EXHIBIT B should need to be recalculated, Parent shall (a) calculate revised percentage interests for the Mucho Shareholders and (b) submit to the Escrow Agent a revised version of EXHIBIT B, on which the Escrow Agent may rely without inquiry.
Sample 1
Recalculation of Percentage Interests. If for any reason Exhibit B should need to be recalculated, Parent and the Shareholders' Agent shall jointly (i) calculate revised percentage interests for the Shareholders and (ii) submit to the Escrow Agent a revised version of Exhibit B, on which the Escrow Agent may rely without inquiry.
Sample 1
Recalculation of Percentage Interests. If for any reason Exhibit B should need to be recalculated (because, for example, a Shareholder's entitlement to any Post-Closing Payment for the year ending December 31, 2003 is modified in accordance with Section 1.6 of the Reorganization Agreement), Parent and the Shareholders' Agent shall jointly (i) calculate revised Percentage Interests for the Shareholders and (ii) submit such calculations in the form of a revised Exhibit B to the Escrow Agent.
Sample 1

Related to Recalculation of Percentage Interests

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • CALCULATION OF NET ASSET VALUE U.S. Trust will calculate the Fund's daily net asset value and the daily per-share net asset value in accordance with the Fund's effective Registration Statement on Form N-2 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), including its current prospectus. If so directed, U.S. Trust shall also calculate daily the net income of the Fund

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.

  • Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares For purposes of this Agreement, the percentage of Voting Shares Beneficially Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where:

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Ownership Certificates for Tax Purposes The Custodian shall execute ownership and other certificates and affidavits for all federal and state tax purposes in connection with receipt of income or other payments with respect to domestic securities of each Portfolio held by it and in connection with transfers of securities.

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