Partnership Percentages definition

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.
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 opening capital account by the sum of the opening capital accounts of all the Partners for such period.
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

Examples of Partnership Percentages in a sentence

  • In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Notwithstanding the prior provisions of this Section 12.7, the General Partners may, without the consent of any other party, amend Schedule A and Schedule B as necessary to reflect the addition of any new Partners, any additional Capital Contributions by existing Partners, any change in Partnership Percentages by reason of disproportionate additional Capital Contributions or distributions or any Transfers of Partnership Interests, in each case as effected in accordance with the terms of this Agreement.

  • This adjustment of Capital Accounts, and thus Partnership Interests, shall be in addition to the adjustment in Partnership Percentages.

  • The Partners acknowledge and agree that Schedule A accurately reflects, as of the date of this Agreement, the identity of each Partner, the Partnership Percentage of each Partner and the extent to which such Partnership Percentages represent General Partnership Interests or Limited Partnership Interests.

  • The Partnership Interests and Partnership Percentages are proportional to the Fair Market Values of the Partners’ respective Capital Contributions, without regard to whether such Capital Contributions were for an interest as a General Partner, Limited Partner, or both.

  • For all purposes of this Agreement, except as provided in the immediately preceding sentence or Section 1.68(f), a distribution among the Partners which is not in proportion to Partnership Percentages shall be regarded as disproportionate.

  • In the event the net values of the additional Capital Contributions shall be disproportionate to the Partners’ Partnership Percentages immediately before the additional Capital Contributions, then the Partnership Percentages shall be adjusted as provided in Section 1.68 to reflect the disproportionate additional Capital Contributions.

  • Any such distributions shall be made to the Partners pro rata in accordance with their respective Partnership Percentages.

  • Any such further Capital Contributions shall be made by the Partners pro rata in accordance with their respective Partnership Percentages.


More Definitions of Partnership Percentages

Partnership Percentages means the percentage interests of each of the General Partner and the Limited Partner 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
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.
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. 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
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

Related to Partnership Percentages

  • 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%).

  • 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.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership 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 means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • 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 the Members holding Class B Units.

  • 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 6.1.E.

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

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • 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 means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • 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 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 a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of 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 the Act.