Common Percentage Interest means the percentage ownership interest in the Common Partnership Units of each Partner, as determined by dividing the Common Partnership Units owned by a Partner by the total number of Common Partnership Units then outstanding.
Common Percentage Interest means, as to a Member as of any determination date, the respective percentage of Common Units held by such Member of all the Common Units issued and outstanding as of such determination date. The Common Percentage Interest of each Common Member as of the date hereof shall be as set forth opposite such Common Member’s name on Schedule A hereto under the column entitled “Common Percentage Interest.”
Common Percentage Interest means, as to a Partner holding any Common Units, its interest in the Partnership as determined by dividing the sum of Class A Common Units plus Class B Common Units owned by such Partner by the sum of the total number of Class A Common Units plus the total number of Class B Common Units then outstanding as specified in Exhibit A attached hereto, as such Exhibit may be amended from time to time.
Examples of Common Percentage Interest in a sentence
Schedule 1.01(a) sets forth the Common Percentage Interest of each of the Common Members.
If the number of outstanding Common Units increases or decreases during a taxable year, the Manager shall adjust each holder’s Common Percentage Interest, as reflected on Exhibit A, to a percentage equal to the number of Common Units held by such Member divided by the aggregate number of outstanding Common Units.
For so long as the Investor Member’s Common Percentage Interest is at least 30.0%, any such compensation decision made by the Board shall require the approval of each Investor Director.
Nonrecourse Deductions shall be allocated to the Members holding Common Units in accordance with their respective Common Percentage Interest.
Upon such conversion, (A) any and all rights of SL Member in respect of the Preferred Equity Investment, including the Preferred Return and rights to receive any or all of the Preferred Investment Total Return Amount, shall terminate and SL Member shall have only the rights hereunder afforded to Common Members, and (B) each Member’s Common Percentage Interest shall be calculated as the ratio, expressed as a percentage, of its Common Equity Investment to the total Common Equity Investments of all Members.
More Definitions of Common Percentage Interest
Common Percentage Interest means, as to each Partner, the percentage determined by dividing the total number of Common Partnership Units owned by such Partner by the aggregate number of Common Partnership Units then issued and outstanding, as set forth on Exhibit A, as such exhibit may be amended from time to time.
Common Percentage Interest means, with respect to a Common Member, the percentage set forth on Schedule 1.01(a) with respect to such Common Member.
Common Percentage Interest means a Common Member's percentage of the Common Interests in the Company including such Common Member's percentage of the net income, gain, loss, deductions and credits of the Company allocated to such Common Members. The Common Percentage Interest of each Common Member, prior to any adjustments thereto required by the provisions of this Agreement, shall be as set forth on Schedule A attached hereto.
Common Percentage Interest means initially 99.5% for Arch Member and 0.5% for ARCO Member, or such other percentage determined by dividing the positive balance in the respective Member's Capital Account (less any Preferred Amount included therein) by the aggregate of the positive capital account balances of all Members Capital Accounts.
Common Percentage Interest means the Class A Percentage Interest or the Class B Percentage Interest, as the context may require.
Common Percentage Interest means, with respect to any Common Member, a fractional amount, expressed as a percentage: (a) the numerator of which is the aggregate number of Class A Common Units, Class B Common Units and Class C Common Units owned of record thereby; and (b) the denominator of which is the aggregate number of Class A Common Units, Class B Common Units and Class C Common Units issued and outstanding. The sum of the outstanding Common Percentage Interests of all Common Members shall at all times equal one hundred percent (100%); provided, that for purposes of Section 4.01, clause (b) of the definition of “Common Percentage Interest” shall include all Preferred Units to the extent such Preferred Units are entitled to participate in distributions declared on the Common Units; provided, further, that the definition of “Common Percentage Interest” shall be calculated to include all Class B Preferred Mirror Units as if they were converted to Class A Common Units. “Common Stock” means the Class A Common Stock, the Class B Common Stock and the Class C Common Stock, collectively. “Common Units” means the Units that are designated as “Common” Units pursuant to this Agreement and includes the Class A Common Units, the Class B Common Units and the Class C Common Units. “Company” has the meaning set forth in the preamble to this Agreement. “Company Interest” means, with respect to any Member or Assignee, such Member’s or Assignee’s, as applicable, entire limited liability company interest in the Company, including such Member’s or Assignee’s, as applicable, share of the profits and losses of the Company and such Member’s or Assignee’s right to receive Distributions of the Company’s assets. “Company Minimum Gain” means “partnership minimum gain,” as defined in Treasury Regulation Sections 1.704-2(b)(2) and 1.704-2(d). “Convertible Securities” means shares of preferred stock or other debt or equity securities (including warrants, options or rights) issued by the Corporation that are convertible into or exercisable or exchangeable for shares of Economic Stock. “Corporate Charter” means the Certificate of Incorporation of the Corporation, as the same may be amended or amended from time to time in accordance with applicable Law. “Corporate Offer” has the meaning set forth in Section 11.04(a). “Corporation” has the meaning set forth in the recitals to this Agreement. “Delaware Act” means the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101 et seq., as it may be amended from time...
Common Percentage Interest of a Member holding Common Interests shall mean such Member’s aggregate Common Interests’ economic percentage interest in the Company as determined by dividing the Common Interests of such Member by the total Common Interests of all Members, as set forth on Schedule A and as may be adjusted from time to time.