Membership Percentages means the Members' respective limited liability company interests in the Company as set forth in Exhibit A.
Membership Percentages of the Members are as follows: MEMBER MEMBERSHIP PERCENTAGE ------ --------------------- Salem Radio Operations, LLC 1% Salem Media Corporation 99% --- Total 100% ===
Membership Percentages means the total percentages set forth in Section 3.1 hereof. In the event any interest in the Company is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Membership Percentage of the transferor to the extent it relates to the Transferred interest.
Examples of Membership Percentages in a sentence
Such distributions shall be divided among the Members in the same proportion as their Membership Percentages.
The aggregate Membership Percentages for each series of Units shall equal 100%.
The aggregate Membership Percentages for each series of Units shall equal 100 percent.
Nonrecourse Deductions shall be allocated among the Members in proportion to their respective Membership Percentages.
Special meetings of Members for any proper purpose or purposes may be called at any time by the holders of at least twenty-five percent (25%) of the Membership Percentages of all Members.
More Definitions of Membership Percentages
Membership Percentages means the Members' respective limited liability company interests in the Company as set forth in EXHIBIT A.
Membership Percentages means the Members' respective interests in the Company as set forth in Exhibit A, as amended from time to time. "Nonrecourse Deductions" shall have the meaning set forth in Treasury Regulation Section 1.704-2(c).
Membership Percentages means, with respect to each Member, such Member's ownership Interest in the Company, expressed as a percentage. The initial Membership Percentages are 50% with respect to CBS and 50% with respect to DBC.
Membership Percentages means the Members’ respective rights to share in allocations of Profits or Losses and in distributions in the Company as set forth in Appendix C, as amended from time to time.
Membership Percentages. The percentages noted as “Membership Percentages” in Exhibit “B” to this Agreement, as such percentages may be modified from time to time by reason of the addition or removal of Members, amendment of this Agreement or other modification or adjustment provided for in this Agreement. The Membership Percentage of a Member at any applicable time shall be the percentage computed by dividing the number of Membership Units held by the Member at that time by the total number of Membership Units owned by all Members at that time.
Membership Percentages means the Members' respective interests in the Company as set forth in Exhibit A, but subject to revision pursuant to Sections 4, 8 and 11 of this Agreement.
Membership Percentages means the percentage of ownership of each Member as set forth in the preceding Section 1.13, as adjusted from time to time pursuant to this Agreement.