Initial Sharing Percentage definition

Initial Sharing Percentage means (a) with respect to the Indebtedness under the BAML Loan Documents, 22.22222%, (b) with respect to the Indebtedness under the BMO Loan Documents, 28.39506% and (c) with respect to the Indebtedness under the Notes, 49.38272%.

Initial Sharing Percentage means a fraction, the numerator of which is the aggregate amount of consideration payable to an Other Securityholder under Article II and the denominator of which is the aggregate amount of consideration payable to all Other Securityholders (including holders of Dissenting Shares, if any, assuming that they had not asserted appraisal rights) under Article II. For purposes of this calculation, (x) holders of Company Stock Options shall be deemed to have been paid Option Consideration in cash for all their Company Stock Options without giving effect to the conversion of certain Company Stock Options held by Employees into AOL Stock Options as contemplated by Section 2.9 and (y) Stockholders whose Merger Consideration is reduced by outstanding Stockholder Loans shall be deemed to have been paid all Merger Consideration in cash without giving effect to the discharge of such Stockholder Loans.

Initial Sharing Percentage means, (i) for any Class 2 LTIP Unit, ten percent (10%) or such other percentage specified in the Vesting Agreement or other documentation pursuant to which such Class 2 LTIP Unit is granted, and (ii) for any Performance LTIP Unit, two percent (2%) or such other percentage specified in the Vesting Agreement or other documentation pursuant to which such Performance LTIP Unit is granted. Any reference to a “Class 2 LTIP Unit Initial Sharing Percentage” in an LTIP Agreement issued before the effectiveness of this Exhibit (as amended) shall be deemed a reference to an Initial Sharing Percentage. ​

Examples of Initial Sharing Percentage in a sentence

• Until the Distribution Participation Date, each LTIP Unit will only be entitled to receive such allocations in an amount equal to the product of the LTIP Unit Initial Sharing Percentage for such LTIP Unit and the amount otherwise allocable with respect to such LTIP Unit pursuant to this Section 3.

• GENERAL PARTNER Name & Address Initial Sharing Percentage CIFC Holdings II Sub LLC c/o CIFC Corp.

• For purposes of the allocations set forth in Sections 5.01(b), prior to the Full Distribution Participation Date for a Class 2 LTIP Unit or Performance LTIP Unit, the Percentage Interest for such LTIP Unit shall be the Percentage Interest of a Partnership Common Unit multiplied by the applicable Initial Sharing Percentage.

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More Definitions of Initial Sharing Percentage

Initial Sharing Percentage means, with respect to an LTIP Unit, such percentage as set forth in the applicable Award Agreement or other documentation pursuant to which such LTIP Unit is awarded or, if no such percentage is stated, one hundred percent (100%).