Adjusted Percentage Interest means as of any date of determination (a) as to any Unitholder with respect to Units, as the case may be, the product obtained by multiplying (i) one hundred percent (100%) less the percentage applicable to clause (b) below by (ii) the quotient obtained by dividing (A) the number of Units held by such Unitholder, as the case may be, by (B) the total number of all Outstanding Units and (b) as to the holders of other Partnership Interests issued by the Partnership in accordance with Section 5.4, the percentage established as a part of such issuance. In calculating the number of Units in clauses (A) and (B) above, the applicable number of Units shall include Outstanding Common Units and the Common Units that would be issued if all Series A Preferred Units and Non-Voting Common Units were converted to Common Units on such date of determination. The Adjusted Percentage Interest with respect to a Series A Preferred Unit shall only be defined by reference to the Adjusted Percentage Interest attributable to the Common Units into which such Series A Preferred Unit would be converted if conversion took place on such date of determination (whether or not such Series A Preferred Units were eligible for conversion at such time).
Adjusted Percentage Interest means, with respect to a Common Member (other than a Lazard Ltd Member) the product of (i) the Tax Rate (as determined by the Company in its sole discretion) applicable to such Common Member and (ii) a fraction, the numerator of which is the Percentage Interest of such Common Member and the denominator of which is the sum of the Percentage Interests for all Common Members (other than the Lazard Ltd Members).
Adjusted Percentage Interest of the Class A Member as a group or of the Class B Members as a group, as applicable, as of any date shall be determined as follows:
Examples of Adjusted Percentage Interest in a sentence
The negative vote of a single Schedule 20A Service Provider with an Adjusted Percentage Interest greater than fifty (50) percent of the aggregate Adjusted Percentage Interests of the Schedule 20A Service Providers voting shall cause the amendment to fail.
More Definitions of Adjusted Percentage Interest
Adjusted Percentage Interest means the aggregate percentage interest(s) in the Company owned by each Member after the calculation made pursuant to Section 5.4.3.
Adjusted Percentage Interest means the ratio of the shareholding in the Company owned by each Party after giving effect to any adjustments made pursuant to Sections 5.8 or 5.9.
Adjusted Percentage Interest shall have the meaning set forth in Section 7.3(b).
Adjusted Percentage Interest for each Member shall equal:
Adjusted Percentage Interest has the meaning given to it in the definition of "Individual UPP Value."
Adjusted Percentage Interest with respect to each Shareholder is set forth on Schedule 1.1(a).
Adjusted Percentage Interest means the aggregate percentage interest(s) in the Company owned by each Member after the calculation made pursuant to SECTION 5.4(C).