Partnership Percentages definition

Partnership Percentages. Partnership Percentages" means each Partners's proportionate ownership interest in the Partnership, as reflected on Exhibit A attached hereto and as such interest may be adjusted from time to time by the admission or withdrawal of a Partner, upon the acquisition of an additional interest by a Partner or a distribution to a Partner, or otherwise.
Sample 1
Partnership Percentages means the percentage determined for each Partner for each period of the Partnership by dividing the amount of each Partner’s Book Capital Account by the sum of the Book Capital Accounts of all the Partners for such period.
Sample 1
Partnership Percentages means the percentage interests of each of the Partners as set forth in Section 3.7, as the same may be adjusted from time to time in accordance with the provisions of this Agreement.
Sample 1

Examples of Partnership Percentages in a sentence

  • All distributions (other than liquidating distributions) shall be made to the Partners in accordance with their respective Partnership Percentages.

  • In the sole discretion of the General Partner, the Partnership may make distributions in cash or in kind, or in a combination thereof, at any time to all of the Partners in accordance with their respective Partnership Percentages.

  • The partnership percentages of the Partners in the Partnership (the "Partnership Percentages") shall be determined by the General Partner and shall be set forth in the records of the Partnership.

  • That purchase shall be made in proportion to the respective Partnership Percentages of the other Partners at the time or in such other proportion as they may mutually agree.

  • The aggregate Partnership Percentage of the Limited Partners as a group shall be the sum of the Partnership Percentages of each of the Limited Partners.

  • The sum of the Partners’ Partnership Percentages shall be one hundred percent (100%).

  • The net profits or net losses of the Partnership for each Fiscal Y Fiscal ear shall be allocated among the Partners in proportion to their respective Partnership Percentages for such Fiscal Year.

  • Notwithstanding, or in addition to, the adjustments to accounts contemplated in this Article 4, the General Partner is authorized to take whatever steps are necessary and appropriate to give full effect to the intentions expressed in this Article 4, including making allocations and adjustments to Capital Accounts, Partnership Percentages and other items and actions that differ from the specific provisions of Sections 4.2, 4.4 and 11.2.

  • The partnership percentages of the Partners in the Partnership (the "Partnership Percentages") will be a “50/50” percentage given that both Partners have the same rights, obligations, and responsibilities in the management of the Partnership.

  • The Board of Directors will be selected annually by the affirmative vote of Partners of the Partnership, voting as a single class, holding Partnership Percentages aggregating in excess of fifty percent (50%) of the Partnership Percentages of all Partners.


More Definitions of Partnership Percentages

Partnership Percentages means each Partner's proportionate ownership interest in the Partnership, as reflected on Exhibit A attached hereto and as such interest may be adjusted from time to time by the admission or withdrawal of a Partner, upon the acquisition of an additional interest by a Partner or a distribution to a Partner, or otherwise. 1.13 Partnership Value. "Partnership Value" means an amount equal to eighty percent (80%) of the fair market value of the Stock owned by the Partnership, plus any cash on hand and the fair market value of any other assets of the Partnership, less the liabilities of the Partnership, all as determined by the Managing Partners, calculated as of the date notice of intent to Transfer is given under Section 9.4 hereof. 1.14
Sample 1
Partnership Percentages means collectively a Partner's Equity Ownership Percentage and Voting Interest Percentage as set forth in Appendix A as such may be in effect from time to time and as such may be modified pursuant to the terms of this Agreement.
Sample 1
Partnership Percentages means, with respect to each Partner, the fraction, expressed as a percentage, the numerator of which is the number of Units held by such Partner and the denominator of which is the number of Units held by all Partners.
Sample 1
Partnership Percentages means, in the case of any Partner, a ----------------------- fraction, expressed as a percentage, the numerator of which is equal to the number of OP Units owned by such Partner and the denominator of which is equal to the aggregate number of OP Units owned by all Partners; provided, -------- however, that in the event the General Partner issues classes of Partnership ------- Units to Limited Partners other than OP Units pursuant to Section 6.4 hereof, the term Partnership Percentages shall mean with respect to each class of Partnership Units, a fractional, undivided share of the Partnership Interests of all Partners in such class.
Sample 1
Partnership Percentages. Partnership Interests" and "Partnership Units" as used in this Agreement are different measuring tools to determine each Partner's interest in the Partnership. All three terms reflect the same item; the amount of the Partnership so owned by each such Partner. Partnership Units can be converted into Partnership Percentages by calculating the number of Partnership Units owned by a Partner and dividing such number of units by the total number of units owned by all Partners in the Partnership. Partnership Percentages can likewise be converted into Partnership Units by multiplying the Partnership Percentage of a Partner by the total number of Partnership Units then outstanding. Partnership Interests shall be the entire interest in the Partnership owned by any one (or, as the case may be, more) Partner, whether reflected in Units or Percentages.
Sample 1
Partnership Percentages means the Percentage Interests of each of the Illinois Group and the Nevada Group pursuant to Section 4.5, as the same may be adjusted, from time to time, in accordance with the provisions of this Joint Venture Agreement.
Sample 1

Related to Partnership Percentages

  • 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).

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested or unvested) then owned by such Partner by the number of Units then owned by all Partners.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Class B Units means the Class B Units of the Company.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Partner Minimum Gain means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Class A Members means those Members who have purchased Class A Interests.

  • Class A Common Units means the Company's Class A Common Units.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Class B Percentage Interest means, with respect to a Class B Member as of a given date, that percentage obtained by dividing the total number of Class B Units owned by such Member by the total number of Class B Units issued and outstanding.