Preferred Percentage Interest definition

Preferred Percentage Interest means the percentage ownership interest in the Preferred Partnership Units of each Partner, as determined by dividing the Preferred Partnership Units owned by a Partner by the total number of Preferred Partnership Units then outstanding.

Preferred Percentage Interest with respect to a series of Preferred Units, means the percentage ownership interest in the Preferred Units of each Member holding Preferred Units of such specified series, as determined by dividing the Preferred Units of such series owned by a Member by the total number of Preferred Units of that series then outstanding.

Preferred Percentage Interest means with respect to a Member as of any date of determination, the percentage determined by dividing the amount of Unrecovered Preferred Contribution of such Member on such date by the aggregate amount of Unrecovered Preferred Contributions of all Members on such date. The Preferred Percentage Interests as of the effective date of this Agreement are set forth opposite the names of the Members on Schedule 2 hereto.

Examples of Preferred Percentage Interest in a sentence

• At the request of a Class B Limited Partner, the General Partner shall issue a certificate summarizing the terms of such Class B Limited Partner's interest in the Partnership, including the number of Preferred Partnership Units owned and the Preferred Percentage Interest represented by such Preferred Partnership Units as of the date of such certificate.

• Within five Business Days following receipt of such written request, the Management Committee shall cause the Company to make a capital call to each Preferred Member by written notice that sets forth the aggregate amount of such capital call (which shall equal the aggregate amount requested by the requesting Preferred Member) and each Preferred Member’s pro rata (based on Preferred Percentage Interest) share of such capital call.

• The initial or restated Common Capital Account, the initial Preferred Capital Account, the initial or restated Common Percentage Interest and/or the initial Preferred Percentage Interest, as the case may be, of each Member shall be as set forth opposite such Member's name on Schedule A attached hereto.

• Each Member’s Preferred Units (specifying whether such Preferred Units are Series A1 Preferred Units, Series A2 Preferred Units, Series B Preferred Units, or Series C Preferred Units), Common Units, Preferred Percentage Interest and Percentage Interest in the Company, in each case as of the Effective Date, are set forth opposite such Member’s name under “Preferred Units,” “Common Units,” “Preferred Percentage Interest” and “Percentage Interest,” respectively, on Appendix A.

• Within ten Business Days of such capital call, each Preferred Member shall, in its sole and absolute discretion, (i) elect by written notice not to make an Additional Capital Contribution in response to such capital call (which option shall not be available to the Preferred Member requesting such capital call) or (ii) make up to its pro rata (based on Preferred Percentage Interest) share of such capital call by wire transfer of immediately available U.S. funds.

More Definitions of Preferred Percentage Interest

Preferred Percentage Interest means a Preferred Member's percentage of the Preferred Interests in the Company including such Preferred Member's percentage of the net income, gain, loss, deductions and credits of the Company allocated to such Preferred Members. The Preferred Percentage Interest and the initial Preferred Capital Account balance of each Preferred Member, prior to any adjustments thereto required by the provisions of this Agreement, shall be as set forth on Schedule A attached hereto.

Preferred Percentage Interest means, with respect to any Holder, the quotient obtained by dividing the number of Preferred Units held by such Holder by the total number of Preferred Units issued and outstanding on the date hereof.

Preferred Percentage Interest means a Preferred Owner's proportionate interest (expressed as a percentage) in the distributions of the Trust to which the Preferred Owners are entitled. The Preferred Percentage Interests of the Preferred Owners are set forth on Schedule I to this Agreement, as the same may be amended from time to time.

Preferred Percentage Interest means, with respect to any Preferred Member as of any date, the ratio (expressed as a percentage) of the number of Series A Preferred Units held by such Preferred Member (including any Series A2 Preferred Units into which Series B Preferred Units held by such Preferred Member would have been convertible into as of such date had such Series B Preferred Units been converted pursuant to Section 2.2) to the aggregate Series A Preferred Units held by all Preferred Members on such date (including any Series A2 Preferred Units into which Series B Preferred Units held by all Preferred Members would have been convertible into as of such date had such Series B Preferred Units been converted pursuant to Section 2.2).

Preferred Percentage Interest means with respect to any Preferred Member, the percentage that (a) is set forth opposite such Member’s name on Schedule A and labeled as such Preferred Member’s “Preferred Percentage Interest”, as such schedule may be amended from time to time to reflect changes in such percentage made in accordance with this Agreement, and (b) represents such Preferred Member’s share of the Company’s Profits and such Member’s rights to receive distributions in respect thereof in accordance with the provisions of this Agreement.

Preferred Percentage Interest means (i) with respect to Finance, 75.08090800392%, (ii) with respect to Parallel, 2.45109199608%, (iii) with respect to Highgate, 0.468%, and (iv) with respect to MTGLQ, 22.00%.

Preferred Percentage Interest means, with respect to any Preferred Member as of the time referred to herein, that Preferred Member’s percentage ownership of Preferred Units of the Company expressed as a percentage determined by dividing the total number of issued and outstanding Preferred Units in the Company into the number of Preferred Units owned by that Preferred Member. “Preferred Units” means a class of Units as provided for in this Agreement. “Regulation” shall mean the income tax regulations, including any temporary or proposed regulations, from time to time promulgated under the Code. “RVCA” means the Oklahoma Rural Venture Capital Formation Incentive Act, Tit. 68 O.S. §§2357.71 – 2357.76, as last amended in 2008 by Senate Xxxx 2129. “SBCC” shall have the meaning set forth in Section 2.4. “transfer” shall mean, when used in connection with the transfer of Units, any and all means by which a Member may be divested of Units including, but not limited to, divestment by sale, exchange, gift, assignment, grant of a security interest, or other form of conveyance, whether voluntary or involuntary, by operation of law or otherwise, during lifetime or at death. “Unit” means a unit of Membership Interest of a Member in the Company. “Venture” shall have the meaning set forth in Section 2.4. 1.2