Class B Percentage Interest definition

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.

Class B Percentage Interest means, as of any date, the percentage determined by dividing the number of Class B Units then held by a holder of Class B Units by the total number of Class B Units then outstanding.

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%.

Examples of Class B Percentage Interest in a sentence

• If, on any Distribution Date, XPLR Class B Parties hold Class B Units, each such Person shall be entitled to receive its proportionate share of all distributions made to holders of Class B Units 953941.04-WILSR01A - MSW pursuant to this Section 5.01 in accordance with its Class B Percentage Interest in effect as of such Distribution Date.

• The name and address of each Member, the amount of each Member’s Capital Contributions, the number and class of Membership Interests held by each Member, and each Member’s Class A Percentage Interest and/or Class B Percentage Interest, as applicable, are set forth on the schedule of Members attached hereto as Exhibit A.

• Subject to Section 5.01(d), if, on any Distribution Date, XPLR Class B Parties hold Class B Units, each such Person shall be entitled to receive its proportionate share of all distributions made to holders of Class B Units pursuant to this Section 5.01 in accordance with its Class B Percentage Interest in effect as of such Distribution Date.

• As of the Effective Date, the GEPIF Investor and XPLR Member were the Members of the Company, and their respective Effective Date Capital Contributions, class of Membership Interest and Class A Percentage and/or Class B Percentage Interest, as applicable, are set forth on Exhibit A hereto.

More Definitions of Class B Percentage Interest

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 the fraction (expressed as a percentage), the numerator of which is the Percentage Interest of the applicable Class B Member and the denominator of which is the aggregate Percentage Interest of all Class B Members on the applicable date of computation.

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 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 a Class B Member, the percentage set forth opposite such Member’s name on Schedule 3.1, subject to adjustment pursuant to a transfer of a Class B Interest by such Member or the issuance of new Class B Interests by the Company, in either case, in compliance with the terms of this Agreement.

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 each Class B Limited Partner, its percentage interest in such class, determined by dividing the Class B Units owned by such Partner by the total number of Class B Units then outstanding, as specified in Schedule 6.1 attached hereto, as such schedule may be amended and restated from time to time.