Joint Venture Percentage definition

Joint Venture Percentage means the respective percentage interest of each Joint Venturer in the Joint Venture, as set out in Item 3 of Schedule 1;
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Joint Venture Percentage means, with respect to the interest of a Credit Party or one of its Subsidiaries in a joint venture, the percentage interest of such Credit Party or its applicable Subsidiary in such joint venture, with such percentage interest equal to the percentage of proceeds that such Credit Party or Subsidiary is entitled to receive upon liquidation of such joint venture, after satisfaction of such joint venture's liabilities and distributions on account of preferential entitlements to proceeds in liquidation; provided, however, that if the interest of such Credit Party (or Subsidiary) in such joint venture is a so called "carried interest" or "back-end promoted interest," then the Joint Venture Percentage shall equal the Capital Percentage of such Credit Party or Subsidiary in such joint venture.
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Joint Venture Percentage of any Joint Venturer shall mean that percentage obtained by converting to a percentage the fraction having as its numerator the number of Interests owned by such Joint Venturer at the time such percentage is determined and having as its denominator the total number of Interests owned by Joint Venturers at such time.
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Examples of Joint Venture Percentage in a sentence

  • Notwithstanding any other provision of this Section 12.1, no Joint Venture Percentage Interest or other interest in the profits and losses of the Joint Venture may be transferred if such transfer would result in the Joint Venture or any Joint Venturer becoming subject to the Public Utility Holding Company Act of 1935.

  • All costs of handling, settling or otherwise discharging such claim or suit shall be charged to the Joint Venturers according to their respective Joint Venture Percentage Interests.

  • The premiums for all such insurance so carried shall be paid by the Operator or the Joint Venture, as the case may be, and charged to the Joint Venturers in accordance with their respective Joint Venture Percentage Interests.

  • Promptly after receipt of a written request from the Operator given in accordance with Section 6.3, each Joint Venturer shall make its respective initial Capital Contribution to the Joint Venture, including each Joint Venturer’s obligation to contribute a total amount equal to its Joint Venture Percentage Interest of $5,500,000.

  • All taxes so paid by the Operator or the Joint Venture shall be charged to the Joint Venturers according to their respective Joint Venture Percentage Interests at the time of assessment.

  • Subject to clauses 28.4 and 28.5 (and any other provision of this Agreement which may expressly provide otherwise), the liability of each Joint Venturer in respect of each Financial Obligation of the User is several, and each Joint Venturer will only be liable for an amount owing by the User equivalent to its Joint Venture Percentage of that amount.

  • In addition, if an Affiliate of a Joint Venturer also owns a Joint Venture Percentage Interest, such Affiliate shall not be entitled to vote on any matter; provided, however, this limitation on the right to vote shall not apply to any Affiliate of Parallel, Capstone or Fxxxxx.

  • The five percent (5%) ownership interest in the Joint Venture that is subject to the option provided for in this Section 6.5 shall be allocated between Parallel and Capstone based upon their respective Joint Venture Percentage Interests (with Parallel initially being obligated to deliver and convey eighty five percent (85%) of the five percent (5%) interest and Capstone being obligated to deliver and convey the remaining fifteen percent (15%) of the five percent (5%) interest).

  • Except as otherwise expressly provided by this Agreement, the business of the Joint Venture presented at any meeting of the Management Committee shall be decided by a vote of members of the Management Committee representing a majority of the Joint Venture Percentage Interests, plus one other member of the Management Committee.

  • It is agreed that, upon abandonment of the System or any portion thereof, the cost of the salvage of the line so abandoned shall be borne by the Joint Venturers in accordance with their respective Joint Venture Percentage Interests.


More Definitions of Joint Venture Percentage

Joint Venture Percentage means the portion of [*] due to either AGT or a Co-venturer pursuant to a Joint Venture Agreement. AGT's Joint Venture Percentage in the AGT-Genovo Agreement, as defined below, [*].
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Related to Joint Venture Percentage

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.