Class B Percentage Interest definition

Class B Percentage Interest means, with respect to a Class B Member as of a given date, that percentage obtained by dividing the total number of Class B Units owned by such Member by the total number of Class B Units issued and outstanding.

Class B Percentage Interest. As of any date of determination, with respect to the Class B Regular Interest and the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Certificate Balance of the Class B Certificates, and the denominator of which is the Certificate Balance of the Class B Regular Interest.

Class B Percentage Interest. As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

Examples of Class B Percentage Interest in a sentence

• Income or Loss (other than from transactions in liquidation of the Company) and Credits for each fiscal year will be allocated among the Class B Members in accordance with their Class B Percentage Interest.

• To the extent there is any change in the respective Class B Percentage Interest of the Class B Members during the year, Income, Loss and Credits will be allocated among the pre-adjustment and post-adjustment periods as provided in Section 4.5(k).

• COMPANY: Auor Capital Fund V LLC By: Xxxxxxx Development Group, LLC Its: Manager By: Xxxx Xxxxxxx Its: President and CEO MEMBER: XXXXXXX DEVELOPMENT GROUP, LLC By: Xxxx Xxxxxxx Its: President and CEO SCHEDULE 1 Member Schedule Member Name Capital Contribution Class A Units Class A Percentage Interest Class B Units Class B Percentage Interest Percentage Interest Xxxxxxx Development Group, LLC Cash and property the receipt, sufficiency and value of which have been agreed to and accepted by the Company.

More Definitions of Class B Percentage Interest

Class B Percentage Interest means, the quotient of the Aggregate Certificate Balance of the Class B Certificates divided by the Certificate Balance of the Class B REMIC III Regular Interest. As of the Closing Date, the Class B Percentage Interest shall be 100.0%.

Class B Percentage Interest means with respect to each Class B Limited Partner the quotient (expressed as a percentage) of (i) such Class B Limited Partner’s Sharing Points, divided by (ii) the Sharing Points of all Class B Limited Partners. For purposes of calculating the Class B Percentage Interest, Sharing Points attributable to interests in the Partnership that are forfeited pursuant to Section 3.07 shall be ignored.

Class B Percentage Interest means for any Payment Date, a percentage equal to (i) the Outstanding Note Balance of the Class B Notes divided by (ii) the Aggregate Outstanding Note Balance.

Class B Percentage Interest means, with respect to each Partner, the fraction, expressed as a percentage, the numerator of which is the number of Class B Units held by such Partner and the denominator of which is the aggregate outstanding Class B Units held by all Partners.

Class B Percentage Interest means, with respect to any Class B Member, the percentage interest set forth opposite such Class B Member’s name on Schedule B, as it may be modified or supplemented from time to time.

Class B Percentage Interest means, with respect to a Class B Holder at any time and from time to time, a percentage equal to a fraction, the numerator of which is the number of Class B Units owned by such Class B Holder and the denominator of which is the aggregate number of Common Units owned by all Members.

Class B Percentage Interest means, with respect to a Class B Member, the quotient (expressed as a percentage) obtained by dividing such Class B Member's Investment Balance by the aggregate Investment Balances of all Class B Members.