Sharing Percentages. The Members then holding a Majority in Interest shall establish the sharing percentage (the “Sharing Percentage”) of each Member for such annual accounting period taking into account such factors as such Members then holding a Majority in Interest deem appropriate. In addition, at any time and from time to time, the Members then holding a Majority in Interest may in their discretion modify the Sharing Percentages of any Member. In the case of the Withdrawal of a Member, such former Member’s Sharing Percentage shall be allocated among the other Members proportionally in accordance with such other Members’ Sharing Percentages. In the case of the admission of any person to the Company as an additional Member, the Sharing Percentages of the other Members shall be reduced by an amount equal to the Sharing Percentage allocated to such new Member pursuant to Section 7.1(b); such reduction of each other Member’s Sharing Percentage shall be pro rata based upon such Member’s Sharing Percentage as in effect immediately prior to the admission of the new Member.
Sharing Percentages. The Members then holding a Majority in Interest shall establish the sharing percentage (the “Sharing Percentage”) of each Member for such annual accounting period taking into account such factors as such Members then holding a Majority in Interest deem appropriate. In addition, at any time and from time to time, the Members then holding a Majority in Interest may in their discretion modify the Sharing
Sharing Percentages. The “Sharing Percentage” of each Member shall equal the aggregate number of Units held by such Member divided by the aggregate number of Units then outstanding. The Class A Sharing Percentage and Class B Sharing Percentage of each Member as of the date hereof are set forth opposite such Member’s name on Exhibit A under the similarly titled column, as applicable. In the event of a change in Sharing Percentages, the Board of Directors shall revise Exhibit A to reflect such change in Sharing Percentages.
Sharing Percentages. During the Term, and unless and until Denali exercises the Denali Opt-Out with respect to such Licensed Product and such country(ies) pursuant to Section 7.8.1(a) (Denali Election to Opt-Out) [***], Denali and Biogen shall be responsible for and shall share their respective portions of Reimbursable Development Expenses and Reimbursable Expenses and Net Revenues at the percentages set forth in the table below and otherwise in accordance with the terms set forth in this Section 7.7 (Cost-Profit Sharing). [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
Sharing Percentages. The “Class A Sharing Percentage” of each Class A Member at any time shall equal the aggregate number of Class A Units held by such Member at such time divided by the aggregate number of Class A Units then outstanding. The “Class B Sharing Percentage” of each Class B Member at any time shall equal the aggregate number of Class B Units held by such Member at such time divided by the aggregate number of Class B Units then outstanding. The “Class C Sharing Percentage” of each Class C Member at any time shall equal the aggregate number of Class C Units held by such Member at such time divided by the aggregate number of Class C Units then outstanding. The “Class D Sharing Percentage” of each Class D Member at any time shall equal the aggregate number of Class D Units held by such Member at such time divided by the aggregate number of Class D Units then outstanding. The Class A Sharing Percentage of each Class A Member is set forth opposite such Member’s name on Exhibit C under the similarly titled column. The Class C Sharing Percentage of each Class C Member is set forth opposite such Member’s name on Exhibit C under the similarly titled column. In the event of a change in Class A Sharing Percentages or Class C Sharing Percentages pursuant to the terms of this Agreement, the Board of Managers shall revise Exhibit C to reflect such changes. In the event of a change in the number of Class A Units, Class B Units, or Class D Units outstanding pursuant to the terms of this Agreement, the Board of Managers shall revise Exhibit E to reflect the resulting changes in the Class Distribution Sharing Percentages.
Sharing Percentages. For each period subject to clause (x) of Section 6.01:
Sharing Percentages. Each Partner shall have a sharing percentage determined in accordance with this Section 3.3 (collectively, the “Sharing Percentages”). The respective Sharing Percentages of the Partners shall be 99% for CUC International and 1% for CUC Services; provided that such Sharing Percentages may be modified from time to time by mutual agreement of the Partners.
Sharing Percentages. Each Limited Partner’s “Sharing Percentage” for each Series at any time, shall equal the total number of Vintage Shares of such Series held by such Limited Partner at such time over the total number of Vintage Shares of such Series issued at such time. The Vintage Shares of a particular Series shall represent the right of the Limited Partner holding such Vintage Shares to a pro rata share (based on the Sharing Percentage of such Limited Partner for such Series, subject to this Section 4.01 and Section 4.03 hereof) of the Carried Interest Proceeds generated by the Eligible Investments in such Series, as determined by the General Partner in accordance with this Agreement. The number of Vintage Shares held by each Limited Partner and the Sharing Percentage in respect of each Series of each Limited Partner shall be set forth in the books and records of the Partnership, and shall be subject to adjustment in accordance with the terms of this Agreement (including Section 4.01(c), Section 4.03 and Section 4.11(c) hereof).
Sharing Percentages. Denali and Sanofi shall be responsible for their respective portions of Development Costs, Shared Development Costs, Allowable Expenses and Net Revenues at the percentages set forth in the table below in accordance with the terms set forth in this Section 7.7 (Cost Profit Sharing). [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
Sharing Percentages. Each Member shall have a sharing percentage (“Sharing Percentage”) for any Accounting Period equal to a fraction, the numerator of which is such Member's Capital Account Balance as of the first day of such Accounting Period and the denominator of which is the sum of the Capital Account Balances of all Members as of such date, provided that appropriate adjustments shall be made for any Capital Contributions to or withdrawals from the Company by any Member or distributions by the Company to any Member during such Accounting Period.
