Capital Percentage definition
Capital Percentage means a Member's ownership interest in the Company expressed as a percentage of the total Common Shares issued and outstanding.
Capital Percentage means a percentage established for each Member as of each Expense Allocation Date. The Capital Percentage of a Member on an Expense Allocation Date shall be determined by dividing the amount of capital contributed to the Fund by the Member pursuant to Section 5.1 hereof by the sum of the capital contributed to the Fund by each Member pursuant to Section 5.1 hereof on or prior to such Expense Allocation Date. The sum of the Capital Percentages of all Members on each Expense Allocation Date shall equal 100%.
Capital Percentage means, with respect to the interest of a Borrower or one of its Subsidiaries in another Person, the percentage interest of such Person based on the aggregate amount of net capital contributed by such Borrower or such Subsidiary in such Person at the time of determination relative to all capital contributions made in such Person at such time of determination.
Examples of Capital Percentage in a sentence
Each Member will have the right to fund its Capital Percentage of the aggregate Cost Overrun Contributions requested by the Board in accordance with Section 3.4(a) in consideration of the issuance to such Member of new Capital Units in each relevant subclass of Capital Units (as provided in Section 3.7) then-held by such Member pro rata among such relevant subclasses at the Base Unit Price.
The Company shall make the result of any such audit available to each Member, FI Member Owner or their respective designated representative; provided, that such Members and FI Member Owners shall reimburse the requesting Founding Member or Substantial Member (as applicable) for such Member’s or FI Member Owner’s, as applicable, pro rata portion (based on such Member’s or FI Member Owner’s direct or indirect 35 Capital Percentage) of the costs of such audit.
More Definitions of Capital Percentage
Capital Percentage means, as to any Partner as of the date of determination, a fraction (expressed as a percentage), the numerator of which is the Capital Account balance of such Partner as of such date, and the denominator of which is the total Capital Account balances of all Partners as of such date.
Capital Percentage means, with respect to the interest of a Credit Party or one of its Subsidiaries in another Person, the percentage interest of such Person based on the aggregate amount of net capital contributed by such Credit Party or such Subsidiary in such Person at the time of determination relative to all capital contributions made in such Person at such time of determination.
Capital Percentage is defined in Section 3.2.
Capital Percentage means, with respect to each Partner, a fraction, expressed as a percentage, (a) the numerator of which is the aggregate Capital Contributions of such Partner used to fund the Partnership’s investment through the Fund in a Permitted Investment and (b) the denominator of which is the aggregate Capital Contributions of all of the Partners used to fund such investment.
Capital Percentage means, with respect to each Member, the percentage determined by (A) dividing the amount of Capital Contributions made by such Member by the aggregate Capital Contributions made by all Members and (B) multiplying the amount so obtained by one hundred percent (100%). The calculation of Capital Percentages shall reflect Capital Contributions made in respect of Common Equity Investments and Capital Contributions made in respect of Preferred Equity Investments, in the aggregate.
Capital Percentage. A percentage established for each member on the Fund's books as of each Expense Allocation Date. The Capital Percentage of a Member on an Expense Allocation Date shall be determined by dividing the amount of capital contributed to the Fund by the Member pursuant to Section 4.1 hereof by the sum of the capital contributed to the Fund by each Member pursuant to Section 4.1 hereof on or prior to such Expense Allocation Date. The sum of the Capital Percentages of all members on each Expense Allocation Date shall equal 100%. Certificate The Certificate of Formation of the Fund and any amendments thereto as filed with the office of the Secretary of State of the State of Delaware. Closing Date The first date on or as of which a person other than an Organizational Member is admitted to the Fund as a Member. Code The United States Internal Revenue Code of 1986, as amended, and as hereafter amended from time to time, or any successor law. Delaware Act The Delaware Limited Liability Company Act as in effect on the date hereof and as amended from time to time, or any successor law. Distributor Columbia Management Distributors, Inc. (successor-in- interest to BACAP Distributors, LLC), or any person who may hereafter serve as the distributor of Interests pursuant to a general distributor's agreement with the Fund. Expense Allocation Date The Closing Date, and thereafter each day on or before one year following the Closing Date as of which a contribution to the capital of the Fund is made pursuant to Section 4.1 hereof. Fiscal Period A Fiscal Period will commence on the first day of each Fiscal Year, on each date of any capital contribution to the Fund and on each date next following the date of any withdrawal of capital (i.e., repurchase of Interests by the Fund from such Member pursuant to Section 3.6), and the prior Fiscal Period will end on the date immediately preceding such date of commencement of a new Fiscal Period. Fiscal Year The period commencing on the Closing Date and ending on March 31, 2003, and thereafter each period commencing on April 1 of each year and ending on March 31 of each year (or on the date of a final distribution pursuant to Section 5.2 hereof), unless and until the Board of Managers shall elect another fiscal year for the Fund. Form N-2 The Fund's Registration Statement on Form N-2 filed with the Securities and Exchange Commission, as amended from time to time. Fund The limited liability company governed hereby, as such limited liability com...
Capital Percentage shall have the meaning given such term in Section 5.1.