General Partner Percentage Interest definition

General Partner Percentage Interest has the meaning set forth in the Partnership Agreement.
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General Partner Percentage Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it), and includes any and all benefits to which such General Partner is entitled as provided in this Agreement in its capacity as such, together with all obligations of such General Partner to comply with the terms and provisions of this Agreement. Specifically, from and after the date of the IP Restructuring Agreement, the General Partner Percentage Interest of the General Partner is 2%; and further, with respect to a Departing General Partner, an amount equal to such Departing General Partner’s General Partner Percentage Interest. “GP Removal Event” and “GP Removal Date” shall have the meanings assigned to such terms in Section 4.10(a).
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General Partner Percentage Interest means the percentage interest set forth opposite the General Partner’s name on the signature page hereof. Notwithstanding anything to the contrary set forth in this Agreement, the General Partner Percentage Interests shall until the Payout Date, in aggregate, constitute 10.0% of the Percentage Interests, and following the Payout Date shall, in aggregate, constitute 85% of the Percentage Interests. .
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Examples of General Partner Percentage Interest in a sentence

  • Upon the General Partner ceasing to be a General Partner of the Partnership, its General Partner Percentage Interest in Distributions and Allocations of Net Income and Net Loss shall be converted to a Limited Partner Percentage Interest, subject to the same terms and conditions as other Limited Partner Percentage Interests except that the Percentage Interest shall retain the same subordination characteristics as when held by the General Partner.

  • Subject to Section 13.3(b), the Departing General Partner shall, as of the effective date of its departure, cease to share in any allocations or distributions with respect to its General Partner Percentage Interest and Partnership income, gain, loss, deduction and credit will be prorated and allocated as set forth in Section 5.2(g).

  • As of September 30, 2016, the issued and outstanding limited partner interests and general partner interests of the Partnership consisted of (i) 212,837,980 Common Units, (ii) 72,988,252 Class B Units, and (iii) the General Partner Percentage Interest.

  • The Partnership GP is the sole general partner of the Partnership and owns all of the outstanding General Partner Percentage Interest free and clear of any Lien, and such General Partner Percentage Interest has been duly authorized and validly issued in accordance with the Organizational Documents of such entity.

  • For purposes of this Section 13.3(a), the fair market value of a Departing General Partner’s Combined Interest shall be deemed to equal the product of (x) such Departing General Partner’s General Partner Percentage Interest and (y) an amount equal to the Hypothetical Equity Value of the Partnership as of the effective date of the departure of such Departing General Partner.

  • The initial Percentage Interest of CPP represents the sum of the "General Partner Percentage Interest" and "Limited Partner Percentage Interest" of CPP.

  • If the general partner of the MLP transfers its Percentage Interest as a general partner therein to any Person in accordance with the provisions of the MLP Agreement, the General Partner of the Partnership shall contemporaneously therewith transfer its General Partner Percentage Interest to such Person, and the Limited Partners hereby expressly consent to such transfer.

  • FWCR is also committed to not discriminating against any qualified employees or applicants because they are related to or associated with a person with a disability.

  • As of the date of this Agreement, the only outstanding Partnership Securities are Common Units, Class B Units and the General Partner Percentage Interest.

  • Unless and until Rio Tinto gives Notice to Ivanhoe, as provided above, nominating new individuals to replace any incumbent Rio Tinto Representatives on Ivanhoe’s board of directors, Ivanhoe will continue to include the incumbent Rio Tinto Representatives among Ivanhoe’s management nominees for election to the board of directors at each meeting of the shareholders of Ivanhoe at which directors are to be elected.


More Definitions of General Partner Percentage Interest

General Partner Percentage Interest means (a) as to Northern Plains and its permitted successors and assigns, 0.50505%, (b) as to Pan Border and its permitted successors and assigns, 0.32828%, and (c) as to Northwest Border and its permitted successors and assigns, 0.17677%.
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General Partner Percentage Interest. Section 2.1 "Gross Appraised Value" Section 12.4 "Holdings Required Cash Contribution" Section 2.2(c) "Initial Business Plan" Section 5.2(a) "Initial Offer" Section 15.6(b) "Interested Party Decision" Section 8.2(a) "Interim Funding Loans" Section 2.9(a) "Interim Lender" Section 2.9(a) "Leased Employees" Section 8.1(c)(ii) "Leased Employment Termination Date" Section 8.1(c)(i)
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General Partner Percentage Interest means, with respect to any Partner, the Percentage Interest of such Partner as a General Partner of the Partnership. The initial General Partner Percentage Interest of each Partner is set forth on Schedule 1.
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General Partner Percentage Interest means 1.0101%.
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General Partner Percentage Interest means 0.01% at any time from and after the date of the IP Restructuring Agreement.
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General Partner Percentage Interest has the meaning set forth in Section 7.01(b) hereof.
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Related to General Partner Percentage Interest

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

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

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested or unvested) then owned by such Partner by the number of Units then owned by all Partners.

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

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • General Partner Loan has the meaning provided in Section 5.2(c) hereof.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.