Unit Percentage definition

Unit Percentage means, with respect to each class of Members, a fraction, the numerator of which is the aggregate number of Units of such class held by a Member, and the denominator of which is the aggregate number of all Units of such class of Units then issued and outstanding.

Unit Percentage means, with respect to any Unit, the undivided interest in such Unit conveyed to the Owner Lessor pursuant to the Bill xx Sale.

Unit Percentage means the fraction, expressed as a percentage, equal to the balance in a Member's Capital Account divided by the aggregate balances of all Members' Capital Accounts.

Examples of Unit Percentage in a sentence

• The Elected OP Unit Percentage of the Allocated Share of Entity Value for each SPE LLC Interest or portion thereof held by a Pre-Formation Participant who is an Accredited Investor shall be distributed in the form of a number of OP Units equal to the applicable portion of such Allocated Share divided by the IPO Price.

• 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.

• At such time as any unvested Employee Units of any Employee Member in any series are forfeited pursuant to Section 4 of the such Employee Member’s award agreement, such unvested Employee Units shall be cancelled and the Manager Percentage Interest shall be increased by a percentage equal to the product of (x) the Unit Percentage Interest with respect to such series in effect immediately prior to such forfeiture times (y) the number of Employee Units in such series that were then forfeited.

More Definitions of Unit Percentage

Unit Percentage means (i) with respect to Xxxx 0, 50%, and (ii) with respect to Xxxx 0, 50%, as adjusted pursuant to Section 11.1 of the Participation Agreement.

Unit Percentage means, as to any Partner, the fraction, expressed as a percentage, having as its numerator the number of Units owned by such Partner and having as its dominator the total number of Units of all Partners.

Unit Percentage means, as to any Member (or Unadmitted Assignee), the percentage obtained by dividing the number of Units owned by such Member (or Unadmitted Assignee) by the total number of Units owned by all Members and Unadmitted Assignees.

Unit Percentage means, with respect to any Member, the percentage of the total outstanding Units then held by such Member. Upon the issuance, sale or transfer by the Company or any Member of any of the Units pursuant to the terms and conditions of this Agreement or any other agreement that is entered into by the Company or any Member after the date hereof, the Board of Managers shall complete and attach to this Agreement a revised Schedule I to reflect the new ownership interests in the Company after giving effect to such issuance, sale or transfer. Once completed and attached, the revised Schedule I shall be deemed incorporated into this Agreement as part of this Section 2.1.

Unit Percentage has the meaning set forth in the OpCo Agreement.

Unit Percentage shall have the meaning set forth in the Partnership Agreement.

Unit Percentage means, as to any Member, the percentage obtained by dividing the number of Units owned by such Member by the total number of Units owned by all Members.