Relative Interest definition

Relative Interest means, with respect to each TRA Party, a percentage equal to (a) the number of Units in OpCo held by such TRA Party immediately prior to the IPO divided by (b) the total number of Units in OpCo held by all TRA Parties immediately prior to the IPO.

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Relative Interest means the percentage determined by a fraction, the numerator of which is the Capital Contributions deemed to be made by the General Partner, the Initial Limited Partner and the Special Limited Partners on the Effective Date to the Partnership and the denominator of which is such Capital Contributions plus the capital contributions deemed to be made by the partners of LCIF II to LCIF II on the Effective Date. LXP may require the Partnership to adjust the Relative Interest from time to time, in its discretion (provided that the sum of the Relative Interest of the Partnership and the relative interest of LCIF II continue to total one (1.0)), so that each Partnership Unit held by the Special Limited Partners remains substantially equivalent to each partnership unit held by the special limited partners in LCIF II with regard to (i) allocations of income, gain, loss, deduction and credit, (ii) distributions from Operating Cash Flow and (iii) distributions upon dissolution and liquidation of the Partnership and LCIF II.

Relative Interest means the percentage determined by a fraction, the numerator of which is the Capital Contributions deemed to be made by the General Partner, the Initial

Examples of Relative Interest in a sentence

LXP shall also be reimbursed by the Partnership for the product of (i) the Relative Interest and (ii) all expenses LXP incurs relating to the reorganization of LXP, the Partnership, the General Partner and the Limited Partner, and any other issuance of REIT Shares pursuant to Section 4.2 hereof.
The REIT shall repurchase the Repurchased Shares from each Call Party in proportion to each Call Party's Relative Interest.
For purposes of this Section 1.01(c), a Call Party's "Relative Interest" shall mean the number of shares of Common Stock then held by such Call Party divided by the total number of shares of Common Stock then held by all of the Call Parties.
If District increases its Relative Interest in Mercy Maricopa to thirty-three and one-third percent (33-1/3%) as provided in Section 11(b), the Members agree that the decisions reserved to the Managing Member under Section 3.8 of the Bylaws of Mercy Maricopa shall be converted to decisions reserved to the Members under Section 3.9 of the Bylaws.
No Member shall have the right, other than District as provided in Section 11(b) below, to make a unilateral contribution to the capital of Mercy Maricopa, or to acquire in some manner a larger Percentage Interest or Relative Interest in Mercy Maricopa without the consent of all of the other Members.
LXP and the General Partner shall be reimbursed by the Partnership for the product of (i) the Relative Interest and (ii) all expenses the General Partner and LXP incurs relating to the formation and organization of the General Partner, the Partnership and the Limited Partner, and any other issuance of REIT Shares pursuant to Section 4.2 hereof.

More Definitions of Relative Interest

Relative Interest is defined in Section 1.01(c).

Relative Interest means the number of shares of Common Stock then held by such Call Party divided by the total number of shares of Common Stock then held by all of the Call Parties.

Relative Interest of any Member, as compared to any other Member or Members, shall mean the proportion that such Member's Percentage Interest bears to such other Member's or Members' Percentage Interests.

Relative Interest means, with respect to any LLC Owner, the quotient obtained by dividing (x) the number of Cambio Partners membership units set forth opposite such LLC Owner’s name on Exhibit A by (y) the aggregate number of Cambio Partners membership units listed on Exhibit A.