Residual Sharing Ratios means the percentages in which Members participate in distributions of Available Cash after prior distributions under Section 8.2. The initial Residual Sharing Ratios of the Members are as follows: Developer Member 40% GECC Member 60% Commencing on the earlier of (i) the date on which the Developer Member is removed as Manager following the occurrence or existence of a Removal Event in accordance with Section 4.8(b) or (ii) the date of the occurrence or existence of an Additional Capital Contribution Default Event by the Developer Member, the Residual Sharing Ratios of the Members shall change to the following: Developer Member 16.67% GECC Member 83.33%
Residual Sharing Ratios means the percentages in which Partners participate in distributions arising from Capital Proceeds after prior distributions as more particularly set forth in Section 8.2. The initial Residual Sharing Ratios of the Partners are as follows: Developer Partner 50% Preferred Partner 50% The Residual Sharing Ratios are subject to change as set forth in Section 4.4.
Residual Sharing Ratios means the percentages in which Members participate in distributions of Net Cash Flow and Capital Proceeds pursuant to Section 5.2. The Residual Sharing Ratios of the Members are as follows: TRS Class A Member: 56.7% with respect to Stabilized Assets and 0% with respect to Development Assets; TRS Class B Member: 0% with respect to Stabilized Assets and 35% with respect to Development Assets; Mystic Class Member: 43.3% with respect to Stabilized Assets and 65% with respect to Development Assets.
Examples of Residual Sharing Ratios in a sentence
Solely for purposes of determining a Partner's proportionate share of the "excess nonrecourse liabilities" of the Partnership and the Property Partnerships within the meaning of Regulations Section 1.752-3(a), the Partners' interests in Partnership profits are in proportion to their Residual Sharing Ratios.
If approved pursuant to Section 4.1(c), the Members shall make Additional Capital Contributions to provide funds for Operating Expense Shortfalls in proportion to their Residual Sharing Ratios.
Solely for purposes of determining a Partner's proportionate share of the "excess nonrecourse liabilities" of the Company within the meaning of Regulations Section 1.752-3(a), the Partners' interests in Company profits are in proportion to their Residual Sharing Ratios.
More Definitions of Residual Sharing Ratios
Residual Sharing Ratios means the percentages in which Partners participate in distributions arising from Capital Proceeds after prior distributions as more particularly set forth in Section 8.2. The initial Residual Sharing Ratios of the Partners are as follows:
Residual Sharing Ratios means the following percentages with respect to each Member: Member Capital Sharing Ratio Dividend Member 65 % LWI 35 %
Residual Sharing Ratios means one percent (1%) in the case of the General Partner, fifty-nine percent (59%) in the case of the Class A Limited Partner and forty percent (40%) in the case of the Class B Limited Partner.
Residual Sharing Ratios means as to each Holder's Membership Interests, a fraction, the numerator of which is the number of Membership Interests (regardless of Class) owned by the Holder, and the denominator of which is the number of issued and outstanding Membership Interests.
Residual Sharing Ratios means the percentages in which Members participate in distributions of Available Cash and Capital Proceeds pursuant to Section 8.2(c), Section 8.3(X)(h), Section 8.3(Y)(f) and Section 8.3(Z)(e) hereof. The Residual Sharing Ratios of the Members are as follows: AIMCO Managing Member 68 % AIMCO Sub 27 % Investor 5 %. Each individual AIMCO Member's Residual Sharing Ratio may change from time to time as determined by the Manager based on the relative amount of Capital Contributions (including, without limitation, Additional Capital Contributions) made by the AIMCO Members and Transfers of Membership Interests between the AIMCO Members; provided, however, that (1) the aggregate Residual Sharing Ratios of the AIMCO Members shall at all times equal ninety-five percent (95%) and (2) each individual AIMCO Member's Residual Sharing Ratio shall at all times be in the same proportion to each other as the AIMCO Members' Capital Sharing Ratios are to each other.