Examples of Unit Percentage in a sentence
For example, if a Member has an LLC Unit Percentage of 45%, he or she shall be allocated 45% of all profits or losses (and other allocation items) for any given tax year.
The name, initial capital contribution, LLC Units and LLC Unit Percentage of the Members are set forth in the below table, which shall be amended from time to time to reflect the admission of new Members.
Except as may be required by the Internal Revenue Code (Title 26 of the United States Code) or the Treasury Regulations (Title 26 of the Code of Federal Regulations) or this Operating Agreement, net profits, net losses, and other items of income, gain, loss, deduction and credit of the LLC shall be allocated among the Members ratably in proportion to each Member's LLC Unit Percentage.
The amount of the credit available to Member shall be calculated as follows: Solar Farm Energy Rate x Member's Unit Percentage x Output = Credit • The Solar Farm Energy Rate is equal to the retail rate charged by Prairie Energy for the Over 1,000 kWh's on Rate 99001 – Single-Phase General Service <50 kVA, which is presently $.1050 per kWh, adjusted by the Energy Cost Adjustment (ECA) factor.
Such distributions shall be allocated among the Members in proportion to each Member’s LLC Unit Percentage.