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:
(a) Prior to the first Preferred Stock Disposition, the Adjusted Percentage Interest of the Class A Member shall be the same as the Percentage Interest of the Class A Member and the Adjusted Percentage Interest of the Class B Members as a group shall be the same as the Percentage Interest of that group.
(b) As of the date of the first Preferred Stock Disposition and thereafter as of the date of each Preferred Stock Disposition and the date of each disposition of Common Stock, the Percentage Interest of the Class A Member and of the Class B Members as a group, shall be adjusted such that, immediately after the relevant disposition, the Adjusted Percentage Interest of the Class A Member is equal to the percentage of C divided by G and the Adjusted Percentage Interest of the Class B Members as a group is equal to the percentage of F divided by G. For purposes of that calculation as of any date: A= the aggregate of the Class A Member's Capital Contributions (determined on a FIFO basis) that are attributable to Preferred Stock that as of that date has not yet been disposed of in a Preferred Stock Disposition, such attributable aggregate to be determined on a pro rata basis assuming that each share of Preferred Stock has a equal portion of such Capital Contributions (such portion is hereinafter referred to as ("Cost"). If in any Preferred Stock Disposition occurring after the Cover Date, the Cost of such Stock, as determined pursuant to the immediately preceding sentence, is not recovered in the Disposition, such unrecovered Cost shall continue to be treated as attributable to Preferred Stock that has not yet been disposed of until such time as such cost is recovered under one or more of the Distribution Hierarchies; B= the aggregate amount of the Class A Member's Capital Contributions as of that date. C= A/B x the Adjusted Percentage Interest of the Class A Member expressed as a whole number (for example, 62.5 instead of 62.5%) as of the date immediately prior to the date of the Preferred Stock Disposition or the disposition of Common Stock causing the adjustment; D= the aggregate Contribution Value of the Common Stock contributed by the Class B Members as a group which as of that date has not yet been disposed of by the Company. For this purpose, to the extent that Common Stock is distributed pursuant...
Examples of Adjusted Percentage Interest in a sentence
In addition, the successor General Partner shall cause this Agreement to be amended to reflect that, from and after the date of such successor General Partner’s admission, the successor General Partner’s interest in all Partnership distributions and allocations shall be its Adjusted Percentage Interest.
For purposes of this Section 7.3, the Percentage Interest of each Member after adjustment provided for in this subparagraph shall be referred to as the "Adjusted Percentage Interest".
Member A's percentage of the total contribution is $10 million = .625 (62.5%) $16 million and the percentage of the total contributions of Member B is $6 million = .375 (37.5%) $16 million As a result, 37.5% shall be Member B's Adjusted Percentage Interest.
In addition, Public Information Department representatives will participate in meetings and reviews to guide program development and implementation.
EXHIBIT C Adjusted Percentage Interest Calculation Assume that on the Percentage Interest Adjustment Date Member A has contributed $10 million to the Company and Member B has contributed $6 million to the Company.
More Definitions of Adjusted Percentage Interest
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 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 has the meaning given to it in the definition of "Individual UPP Value."
Adjusted Percentage Interest shall have the meaning set forth in Section 7.3(b).
Adjusted Percentage Interest for each Member shall equal:
(i) with respect to each of the MARC Members, the sum of (a) such MARC Member’s Percentage Interest and (b) the product of (I) First Union’s Percentage Interest divided by six and (II) a fraction, the numerator of which is the Percentage Interest of such MARC Member and the denominator of which is the aggregate Percentage Interests of all the MARC Members; and
(ii) with respect to First Union, 83.33333% of First Union’s Percentage Interest.
Adjusted Percentage Interest means the Percentage Interests of all NBC Holders and CNET Holders calculated as if (i) the NBC Option were fully exercised and the Units issuable upon exercise of the NBC Option were held by NBC Multimedia (unless the NBC Option has been fully exercised or has terminated, in which event no adjustment will be made with respect to the NBC Option) and (ii) the only Units outstanding were the Units owned by the NBC Holders and the CNET Holders.
Adjusted Percentage Interest means, as of any date of determination (a) as to any Unitholder holding Units, the product obtained by multiplying (i) 100% less the percentage applicable to paragraph (b) by (ii) the quotient obtained by dividing (A) the sum of the number of Common Units, Series A Preferred Units and Class B Units held by such Unitholder, by (B) the number of Outstanding Common Units, Outstanding Series A Preferred Units and Outstanding Class B Units, and (b) as to the holders of other Company Securities issued by the Company in accordance with Section 5.6, the number of Units to which such Company Securities are equivalent, if any, for the purpose of determining Adjusted Percentage Interest (and only for such purpose) as determined by the Company as a part of such issuance.