Residual Percentage definition

Residual Percentage of a Partner as of any relevant time shall mean the following percentage for each Partner: AGHOP 99% AGHLLC 1%

Residual Percentage of a Member as of any relevant time shall mean the following percentage for each Member: AGHOP 99% AGHC 1%

Residual Percentage means the residual of (A) one minus (B) the product of (x) the aggregate Membership Percentages of HoldCo and its Subsidiaries and (y) the Company’s “HoldCo interest.” For purposes of this Agreement, (i) reference to “GE’s Percentage Interest” shall include Percentage Interests held by wholly-owned Subsidiaries of GE other than HoldCo and its Subsidiaries and (ii) in order to avoid double counting, the Percentage Interests of HoldCo and its Subsidiaries are deemed to be zero.

Examples of Residual Percentage in a sentence

• Such proration shall be based upon the portion of the year during which such Partner held the Residual Percentage, except that extraordinary, nonrecurring items shall be allocated to the persons holding Partnership interests at the time such extraordinary items occur.

• No Partner is required to make additional capital contributions, however, if the Partners Approve the making of additional contributions to the Partnership, the Partners shall contribute to the Partnership an amount equal to such Partner’s Residual Percentage share of the additional capital being contributed (unless Limited Partners and Administrative General Partner agree to modify such percentages).

• In the event that a Partner Transfers all or a portion of his Partnership interest, or if there is a reduction in a Partner's Residual Percentage due to the admission of new Partners or otherwise, each Partner's distributive share of Partnership items of income, loss, credit, etc., shall be determined by taking into account each Partner's varying interests in the Partnership during the Partnership's taxable year.

• For this purpose, each Partner's distributive share shall be estimated by taking the pro rata portion of the distributive share such Partner would have included in his taxable income had he maintained his Residual Percentage throughout the Partnership year.

• Notwithstanding the foregoing, in the event any Partner's Residual Percentage changes during a fiscal year for any reason, the allocations of taxable income or loss under this Article 3, and distributions, shall be adjusted as necessary to reflect the varying interests of the Partners during such year using an interim closing of the books method as of the date of such change, or such other method as is reasonably Approved by the General Partner.

More Definitions of Residual Percentage

Residual Percentage means the residual of (A) one minus (B) the product of (x) HoldCo’s Membership Percentage and (y) the Company’s “HoldCo interest.” For purposes of this Agreement, (i) reference to “GE’s Percentage Interest” shall include Percentage Interests held by wholly-owned Affiliates of GE other than HoldCo and (ii) in order to avoid double counting, HoldCo’s Percentage Interest is deemed to be zero.

Residual Percentage means, (a) with respect to each Residual Holder (other than Topco), an amount, expressed as a percentage, equal to (x) the number of Residual Units held by such Residual Holder as of immediately prior to the Earthbound Effective Time divided by (y) the aggregate number of Residual Units outstanding as of immediately prior to the Earthbound Effective Time, and (b) with respect to Topco Seller, an amount, expressed as a percentage, equal to (x) the collective number of Residual Units held by Topco as of immediately prior to the Earthbound Effective Time divided by (y) the aggregate number of Residual Units outstanding as of immediately prior to the Earthbound Effective Time.

Residual Percentage shall initially mean 20% to Main Street and 80% CSWC. Residual Percentage shall be adjusted accordingly if and when additional Capital Commitments are made to the Company, over and above the initial Capital Commitments set forth in Exhibit A.

Residual Percentage of a Partner as of any relevant time shall mean the Residual Percentage set forth on Exhibit B for such Partner.

Residual Percentage means the “Residual Percentage” set forth opposite such Seller’s name on the Allocation Schedule.

Residual Percentage means (a) one tenth of one percent (0.1%) as to the General Partner, and (b) ninety nine and nine-tenths percent (99.9%) as to the Class A Limited Partner.

Residual Percentage means the percentage set forth next to each Seller’s name on the Closing Payment “Selected Licensed IP” means all Company IP, other than Company Owned IP, relating to KRYSTEXXA ®