Interest in Profits definition

Interest in Profits means the percentage interest in the Profits of the Partnership of each Partnership Unit Holder as set forth in the books and records of the Partnership at the relevant measurement date.
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Examples of Interest in Profits in a sentence

  • Notwithstanding anything to the contrary contained in the foregoing and except where approval of the Members is specifically provided for elsewhere in this Agreement, without the approval or written consent of each Member, no amendment shall cause the Company to become a general partnership, alter the liability of the Members, alter the Members' Economic Percentage Interest in Profits and Losses or distributions or alter the provisions of this Article 14.

  • Each Unitholder's interest in the Company, including such Unitholder's Interest in Profits, Losses and Distributions of the Company and the right to vote on certain matters as provided in this Operating Agreement, shall be represented by the Units owned by such Unitholder.

  • The General Partner and the General Partner's principal address, Capital Contribution (prior to the return of Capital set forth in Section 5.02(b)(i)) and Percentage Interest in Profits, Losses and Credits are as follows: ▇▇▇▇▇ ▇.

Related to Interest in Profits

  • Interest Income means interest earned on the Funding;

  • Interest Incurred of any Person for any period means, without duplication, the aggregate amount of (a) Interest Expense and (b) all capitalized interest and amortized debt issuance costs.

  • unrealized profits means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.