Partner Percentage definition

Partner Percentage has the meaning set forth in the Fund Partnership Agreement.

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Partner Percentage means, with respect to any Partner and the Partnership, the amount set forth for such Partner on the Partner Schedule as the same may be updated from time to time.

Partner Percentage means the percentage of the Fair Market Value of any person that consists of that person's Partner Interest Fair Market Value. Solely for the purposes of calculating Fair Market Value as used in this definition, SportsChannel New York shall be treated as if it had never been contributed to the Partnership.

Examples of Partner Percentage in a sentence

Thereafter, any remaining Net Loss for the Fiscal Year shall be debited to the General Partner in accordance with each General Partner's General Partner Percentage for the Fiscal Period.
Except as otherwise expressly provided, at any meeting of the General Partners, each General Partner shall have voting power equal to his General Partner Percentage at the time of the meeting.
Upon the majority vote of the Executive Committee, the Executive Committee may override any determination made by the Managing Partner as to (i) the General Partner's Adjusted Capital Contribution (and the related General Partner Percentage) that each General Partner (including the Managing Partner) shall be entitled to maintain, (ii) the admission of a new General Partner and (iii) the dismissal of a General Partner.
Upon the General Partner ceasing to be a General Partner of the Partnership, its General Partner Percentage Interest in Distributions and Allocations of Net Income and Net Loss shall be converted to a Limited Partner Percentage Interest, subject to the same terms and conditions as other Limited Partner Percentage Interests except that the Percentage Interest shall retain the same subordination characteristics as when held by the General Partner.
Subject to Section 13.3(b), the Departing General Partner shall, as of the effective date of its departure, cease to share in any allocations or distributions with respect to its General Partner Percentage Interest and Partnership income, gain, loss, deduction and credit will be prorated and allocated as set forth in Section 5.2(g).
Upon admission of a Substituted Limited Partner, the General Partner shall amend Exhibit "A" to reflect the name, address, number of Limited Partnership Units, and Limited Partner Percentage Interest of such Substituted Limited Partner.
Thereafter, any remaining Net Loss for the Fiscal Year shall be debited to the General Partners in accordance with each General Partner's General Partner Percentage for the Fiscal Period.
As of September 30, 2016, the issued and outstanding limited partner interests and general partner interests of the Partnership consisted of (i) 212,837,980 Common Units, (ii) 72,988,252 Class B Units, and (iii) the General Partner Percentage Interest.
The Partnership GP is the sole general partner of the Partnership and owns all of the outstanding General Partner Percentage Interest free and clear of any Lien, and such General Partner Percentage Interest has been duly authorized and validly issued in accordance with the Organizational Documents of such entity.
Except as otherwise expressly provided, at any meeting of the General Partners, each General Partner shall have voting power equal to such General Partner’s General Partner Percentage at the time of the meeting.

More Definitions of Partner Percentage

Partner Percentage means the percentage determined for each Partner by dividing (i) the aggregate Capital Contributions credited to such Partner’s Capital Account as provided in Section 5.3 herein at the time of any relevant calculation, by (ii) the aggregate Capital Contributions credited to the Capital Accounts of all Partners at such time. The sum of the respective Partner Percentages shall at all times equal one hundred percent (100%). Notwithstanding the foregoing, at no time shall KAI and Affiliates’ aggregate Partner Percentages exceed forty percent (40%) (the “Percentage Cap”), as specifically applied to KAI and its Affiliates and not their successors and assigns who are not Affiliates of KAI. Thus, if KAI and its Affiliates’ aggregate Partner Percentages would otherwise exceed forty percent (40%), their aggregate Partner Percentages shall instead be forty percent (40%) and the Partner Percentages of all other Partners shall be adjusted upward pro rata to cause all Partner Percentages to be 100%. The application of the foregoing means that the Partner Percentage of KAI on the date hereof is 40% instead of 44.44% ($1,800,000/$4,050,000). If additional Partners are admitted to the Partnership after the date hereof, KAI’s Partner Percentage shall be whatever it would be as calculated under the first sentence of this definition, but subject again to the Percentage Cap.

Partner Percentage means, with respect to any Partner, the ratio of such Partner’s Capital Commitment to the Total Partnership Commitment.

Partner Percentage means for any year, 50.1% for the General Partner and 49.9% for the Limited Partner. These Percentages will apply for purposes of any voting which is required under the Partnership Agreement or under the Act. For purposes of Paragraphs V. 1 and V.2, the Partner Percentage shall be determined based upon the following percentages for each product line, unless the aggregate Income allocated to the General Partner for any year is less than 50.1% of the total Partnership Income. If the General Partner's aggregate allocated Income based upon applying the percentages below is less than 50.1%, the Partner Percentage for purposes of Paragraph V.1 will be 50.1% for the General Partner and 49.9% for the Limited Partner. For all sales of the Basic Product: General Partner 75% Limited Partner 25% For all sales of the Deluxe Product: General Partner 50% Limited Partner 50% For all sales of the Internet workshop when sold through the Seminar: General Partner 25% Limited Partner 75% For all sales of the Internet workshop when a preview was not attended and the client became aware of the workshop through the Infomercial: General Partner 50% Limited Partner 50%

Partner Percentage means the respective percentage interest of each Partner in the Partnership, initially as set forth in Section 3.01, as such percentage may be adjusted in connection with the assignment, from time-to-time, by a Partner of its interest I the Partnership pursuant to the terms hereof.