Partnership Percentage definition
Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).
Partnership Percentage means 99.0% in the case of the Limited Partner and 1.0% in the case of the General Partner.
Partnership Percentage means a percentage established for each partner on the Partnership'books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).
Examples of Partnership Percentage in a sentence
In addition to the foregoing, a separate notional Capital Account may be established on the books of the Partnership for each Feeder Fund Investor as if such Feeder Fund Investor were a Limited Partner with a Partnership Percentage in the Partnership equal to such Feeder Fund Investor’s Adjusted Partnership Percentage.
More Definitions of Partnership Percentage
Partnership Percentage shall have the meaning set forth in Section 5.3(a).
Partnership Percentage means, with respect to a McNeil Partnership, the percentage set forth below opposite the name of such McNeil Partnership.
Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).
Partnership Percentage means the interest of the Partners in the Partnership and the interest of the Partners in the profits and losses of the Partnership. Initially, the Partnership Percentage shall be 99% to the Limited Partner and 1% to the General Partner.
Partnership Percentage means, with respect to each Capital Account, as of any date, the percentage calculated by dividing the balance of each such Capital Account by the aggregate Capital Accounts as of such date, after taking into account Capital Contributions and distributions. The sum of the Partnership Percentages shall equal 100%.
Partnership Percentage means, with respect to any Partner, at any time, the percentage specified as such Partner's "Partnership Percentage" at the time such Partner was admitted to the Partnership, as adjusted in accordance with the terms of this Agreement. The initial Partnership Percentages are as follows: Cogentrix GP 1% Cogentrix LP 49% VF Delaware 1% VF 49%
Partnership Percentage of a Partner means the aggregate percentage of Partnership Interests of such Partner set forth in Schedule I hereto, as the same may be modified from time to time as provided herein.