Sharing Interest definition

Sharing Interest shall have the meaning set forth in the LLC Operating Agreement.
Sample 1Sample 2Sample 3
Sharing Interest means, with respect to any Member, the percentage determined by dividing (1) such Member’s Committed Capital at the time of determination, by (2) the aggregate Committed Capital of all Members at the time of determination; provided, however, that, for purposes of this definition only, Committed Capital shall be adjusted as follows:
Sample 1Sample 2Sample 3
Sharing Interest shall have the meaning set forth in the Operating Agreement.
Sample 1Sample 2

Examples of Sharing Interest in a sentence

  • The Directors shall be entitled to suspend a Member’s right to utilize his Time- Sharing Interest, if such a Member is in default of any of his obligations in terms of this MOI or the Use Agreement.

  • The Company shall, upon the request of a Member, issue a certificate to such Member, executed by an officer of the Company authorized by the Members hereto, representing such Member's Profit Sharing Interest.

  • Any such certificate representing a Member's Profit Sharing Interest shall be deemed a "Security" as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Delaware from time to time.

  • The Parties will work in good faith to promptly determine the specific methodology for the sharing of such Joint Venture Company output based upon such Sharing Interest, which, if determined before the Closing, will be implemented immediately following Closing.

  • The Joint Venture Company shall invoice Intel on a monthly basis for the Price of the Products provided and all overhead, interest, general and administrative and other costs, including all start-up costs for Facilities which shall be split between the Members based on Sharing Interest.

  • Any Secondary Silicon produced by the Joint Venture Company or its subcontractors will be provided **** by the Joint Venture Company to Micron in 101243724.3 a percentage equal to Micron's Sharing Interest (as the same may change from time to time).

  • Any Secondary Silicon produced by the Joint Venture Company or its subcontractors will be provided [***] by the Joint Venture Company to the Members in a percentage equal to Intel’s Sharing Interest (as the same may change from time to time).

  • Notwithstanding the foregoing, Micron may elect, but is not obligated, to purchase Product in excess of its Sharing Interest only by mutual agreement of the other Member.

  • Micron shall purchase from the Joint Venture Company a percentage, equal to Micron’s Sharing Interest (as the same may change from time to time), of all of the Joint Venture Company’s output of Products that meet the Specifications.

  • If Intel fails purchase its full Sharing Interest of the Joint Venture Company’s output, produced in accordance with the Operating Plan (“Underloading”), then the increased Prices associated with such Underloading shall be isolated and charged solely to Intel, which Intel shall remain solely responsible for paying.


More Definitions of Sharing Interest

Sharing Interest shall have the meaning set forth in the IMFS Agreement.
Sample 1Sample 2
Sharing Interest of a Member shall mean such Member’s right to share in the profits and losses of the Company as set forth in Sections 6.2 and 6.3.
Sample 1
Sharing Interest shall have the meaning set forth in the IMFT Agreement or IMFS Agreement, as applicable. For the avoidance of doubt, the relevant Parties’ Sharing Interests as of the date of this Agreement are as follows: (i) with respect to IMFT, **** for Intel and **** for Micron; and (ii) with respect to IMFS, **** for Intel Singapore and **** for Micron Singapore. **** shall have the meaning set forth in **** of this Agreement.
Sample 1

Related to Sharing Interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Compensating Interest As defined in Section 3.24 hereof.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Sharing Ratio means, subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Membership Interests, (a) in the case of a Member executing this Agreement as of the date of this Agreement or a Person acquiring such Member’s Membership Interest, the percentage specified for that Member as its Sharing Ratio on Exhibit A and (b) in the case of Membership Interests issued pursuant to Section 3.1, the Sharing Ratio established pursuant thereto; provided, however, that the total of all Sharing Ratios shall always equal 100%.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Net Profits Interest means a non-operating interest that creates a share in gross production from another (operating or non-operating) interest in oil and natural gas properties. The share is determined by net profits from the sale of production and customarily provides for the deduction of capital and operating costs from the proceeds of the sale of production. The owner of a net profits interest is customarily liable for the payment of capital and operating costs only to the extent that revenue is sufficient to pay such costs but not otherwise.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Profits Interest means an interest in the Company that is intended to be classified as a profits interest within the meaning of Internal Revenue Service Revenue Procedure 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other Law) for U.S. federal income tax purposes, including the Class C Common Incentive Units.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Asset Interest is defined in Section 2.1(b).

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.