Distribution Interest definition

Distribution Interest means an undivided interest in the Partnership’s assets after payments to the Partnership’s creditors or the creation of a reasonable reserve therefor, in the ratio the positive balance of a party’s Capital Account bears to the aggregate positive balance of the Capital Accounts of all of the parties determined after taking into account all Capital Account adjustments for the taxable year during which liquidation occurs (other than those made pursuant to liquidating distributions or restoration of deficit Capital Account balances). Provided, however, after the Capital Accounts of all of the parties have been reduced to zero, the interest in the remaining Partnership assets shall equal a party’s interest in the related Partnership revenues as set forth in §5.01 and its subsections.

Distribution Interest means, at any given time and with respect to a particular Token Holder, a percentage equal to the result of the following: (i) the total number of Tokens then held by such Token Holder divided by (ii) the total number of Tokens then issued and outstanding.

Distribution Interest means, at any given time and with respect to a particular Token Holder, a percentage equal to the result of the following: (i) the total number of Tokens then held by such Token Holder; divided by (ii) the total number of Tokens then issued and outstanding.

Examples of Distribution Interest in a sentence

• On the occurrence of a Final Terminating Event the affairs of the Partnership shall be wound up and there shall be distributed to each of the parties its Distribution Interest in the remaining Partnership assets.

• The OLLC hereby grants, distributes, bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the OLLC Distribution Interest, and the SPV hereby accepts the OLLC Distribution Interest.

• Section 2.1 Distribution by CEP SBG of the SBG Distribution Interest to the OLLC.

• Upon the occurrence of a Final Terminating Event, the affairs of the Partnership shall be wound up and there shall be distributed to each of the parties its Distribution Interest in the remaining assets of the Partnership.

• To the extent such excess exists, the Manager shall distribute all of such excess funds to the Members, on a pari passu basis in accordance with their respective Distribution Interest Percentages set forth on Exhibit A attached hereto, as follows: 9.2.1 100% to the Members on a pari passu basis in accordance with their respective Distribution Interest Percentages set forth on Exhibit A attached hereto.

More Definitions of Distribution Interest

Distribution Interest means, with respect to a particular Coin Holder and for a particular Coin Distribution Year, a percentage equal to the result of the following: (i) the total number of Coins purchased by the subject Coin Holder during the subject Coin Distribution Year; divided by (ii) the total number of Coins purchased by all Coin Holder during the subject Coin Distribution Year.

Distribution Interest is defined in Section 4.1(a).

Distribution Interest. As defined in Section 9.7(a)(iv).

Distribution Interest means the right of a Member to receive distributions of cash or other property from the Company but shall not include any other rights of a Member that are included within the Voting Interest of a Member or any other rights of a Member under the Act or this Agreement. Domestic Partner shall mean a person who is a partner in a Domestic Partnership. Domestic Partnership means a legal relationship between two individuals who live together and share a common domestic life which is established pursuant to a Domestic Partnership Agreement. Domestic Partner Interest means any part of a Membership Interest owned or claimed by a Domestic Partner pursuant to a Domestic Partnership Agreement. Domestic Partnership Agreement means an enforceable written agreement between Domestic Partners respecting matters such as joint property ownership, support obligations and similar issues to those found in marriage. Elect shall mean the making of an Election. Election means the election by written notice of an option to acquire a Membership Interest pursuant to Article 10 of this Agreement.

Distribution Interest means a beneficiary’s equitable interest to enforce the distribution terms of the trust subject to the judicial review standard. A distribution interest is classified as a mandatory interest, a support interest, a discretionary interest, or a combination of any such interests. A distribution

Distribution Interest means a mandatory interest, a 33

Distribution Interest means, with respect to any Member, the Distribution Interest set forth opposite such Member's name on Exhibit A attached hereto. In the event any Membership Interest is transferred in accordance with the provisions of this LLC Agreement, the transferee of such interest shall succeed to the Distribution Interest of the transferor to the extent it relates to the transferred interest.