Series B Percentage Interest means, at any particular time, the percentage interest of each holder of a Series B Unit determined by dividing (a) the number of Series B Units owned by such Series B Member, by (b) the aggregate number of outstanding Series B Units.
Series B Percentage Interest means, with respect to each Series B Member, such Series B Member’s percentage holding of the total outstanding Series B Units as set forth on Exhibit B as of the date of determination.
Series B Percentage Interest means, with respect to each Series B Member, such Series B Member’s, as the case may be, percentage holding of the total aggregate outstanding Series B Founder Units as set forth on Exhibit A as of the date of determination. For purposes of determining the Series B Percentage with respect to the allocation of purchase options, Units held by Unadmitted Assignees and the Units held by the Transferring Member or Defaulting Member shall be excluded.