Class B Distribution Percentage means, as of a particular date, with respect to XX Xxxxx, the SLG Class B Distribution Percentage and, with respect to all other Persons, the Standard Class B Distribution Percentage.
Class B Distribution Percentage means [***]% minus the Class A Distribution Percentage.
Class B Distribution Percentage means, the product of (a) 60% multiplied by (b) an amount expressed as a percentage equal to the ratio of (i) the aggregate number of issued and outstanding Class B Units as of such date of determination divided by (ii) 350,000,000 (as adjusted to give effect to any reclassification, split, reorganization or other similar extraordinary event with respect to the Class B Units after the date hereof).
Examples of Class B Distribution Percentage in a sentence
Subject to Section 4.2(b), Section 4.3 and Section 12.2(a)(v), all Company Items attributable to the Pinnacle Project for any Taxable Year or relevant portion thereof shall be allocated among the Members as follows: the Class A Distribution Percentage to the Class A Members, pro rata in accordance with their Class A Units, and the Class B Distribution Percentage to the Class B Members, pro rata in accordance with their Class B Units.