Participating Percentage definition

Participating Percentage means at any given time, as to each holder of a Unit or Units, the percentage of that Person’s Unit or Units to the total Units being measured and shall be determined by dividing the total number of Units held by such Person by the total number of outstanding Units and multiplying the quotient thereof by one hundred (100).

Participating Percentage shall have the meaning ascribed to such term under Article IV hereof.

Participating Percentage means with respect to a particular Member, the number of Units of membership in the Company owned by such person divided by the aggregate number of issued and outstanding Units of membership in the Company, adjusted as required by this Agreement. Distributions or allocations made in proportion to or in accordance with the participating percentages of the Members shall be based upon relative participating percentages as of the record date for distributions and in accordance with IRC section 706(c) and (d).

Examples of Participating Percentage in a sentence

• Solely for the purpose of allocating excess nonrecourse liabilities of the Company among the Members in connection with the determination of the Members’ adjusted tax bases for their interests in the Company, in accordance with Section 752 of the Code and the Treasury Regulations from time to time promulgated thereunder, the Members agree that each Member’s interest in Company Profits equals such Member’s Participating Percentage.

• If (i) the Partnership redeems the Callable Interest during the Call Exercise Period in accordance with Section 7.5, and (ii) Universal fails to have the Putable Interest redeemed as of the Closing Date in accordance with Section 7.4 then, immediately after the Closing Date, Universal shall have a Participating Percentage of 25% and the General Partner shall have a Participating Percentage of 75%.

• If the Partnership does not redeem the Callable Interest during the Call Exercise Period in accordance with Section 7.5, then upon the expiration of the Call Exercise Period, Universal shall have a Participating Percentage of 70% and the General Partner shall have a Participating Percentage of 30%.

• If the Unfunded Participating Investment is greater than zero, the “Funding Portion” under this Section 5(b) shall be equal to (A) Participant’s Participating Percentage Interest multiplied by such Capital Event Proceeds minus (B) the Unfunded Carry and, if the Unfunded Participating Investment is zero, the “Funding Portion” shall be zero.

• If the Unfunded Participating Investment is greater than zero, the “Funding Portion” under this Section 5(a) shall be equal to 25% multiplied by (A) Participant’s Participating Percentage Interest multiplied by such Operating Proceeds minus (B) the Unfunded Carry and, if the Unfunded Participating Investment is zero, the “Funding Portion” shall be zero.

More Definitions of Participating Percentage

Participating Percentage means, as to each Member at any given time, the percentage equivalent of a fraction, the numerator of which is the total number of Common Units held by such Member, and the denominator of which is the total number of Common Units outstanding hereunder (all as determined on a Common Equivalent Basis).

Participating Percentage means, initially, 15%, subject to adjustment only pursuant to Section 3.6;

Participating Percentage means, with respect to a distribution, at the time of such distribution, (a) if the aggregate Capital Contributions, including the Cost of any contributions of property made to the Company, made by all Class A-1 Members, Class A-2 Members and Class B Members is equal to or exceeds one hundred million Dollars ($100,000,000), a fraction, the numerator of which is one hundred million Dollars ($100,000,000), and the denominator of which is the aggregate Capital Contributions, including the Cost of any contributions made to the Company, made by all Class A-1 Members, Class A-2 Members and Class B Members, and (b) if the aggregate Capital Contributions made by all Class A-1 Members, Class A-2 Members and Class B Members since October 31, 2014 is less than one hundred million Dollars ($100,000,000), one hundred percent (100%). For the avoidance of doubt, references to Capital Contributions in the prior sentence shall include Capital Contributions attributable to any Class A-1 Units redeemed in connection with the Ranger Reorganization.

Participating Percentage means, with respect to each Participating Shareholder, the percentage determined by dividing (i) the number of Shares held by such Participating Shareholder on the Closing Date by (ii) the aggregate number of Shares held by all Participating Shareholders on the Closing Date.

Participating Percentage means, as to each Member other than the Managing Member, the percentage determined by dividing (x) the number of Units held by such Member and (y) the total number of outstanding Units of the Company.

Participating 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 Participating Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

Participating Percentage means and refer to the ownership interest in the Partnership represented by the number of Units held by a Partner or Record Holder and shall be that percentage calculated by dividing the total number of Units held by a Partner or Record Holder by the total number of Units outstanding.