Partnership Percentage definition

Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

Partnership Percentage means 99.0% in the case of the Limited Partner and 1.0% in the case of the General Partner.

Examples of Partnership Percentage in a sentence

• For purposes of computing any Partner’s Partnership Percentage, any Capital Commitment made by a Defaulting Limited Partner with respect to any Unpurchased Remaining Portion described in Section 3.5(h)(iii) shall be disregarded.

• If a Partnership interest is transferred, the Partnership Percentage of any Partner changes, a Partner withdraws from the Partnership or a new Partner is admitted to the Partnership other than on the first day of any Fiscal Year during the Partnership Term, or if the General Partner shall otherwise so elect, then at the discretion of the General Partner the date of such event or election shall commence an Interim Period.

• The aggregate Partnership Percentage of the Limited Partners as a group shall be the sum of the Partnership Percentages of each of the Limited Partners.

• The Partnership Percentage for a Partner shall be determined by dividing (x) the Capital Commitment associated with such Partner’s interest in the Partnership by (y) the aggregate Capital Commitments associated with all of the Partners’ interests in the Partnership.

• On the Initial Closing Date, the Partnership Percentage for each Partner shall be determined by dividing the amount of each Partner’s Capital Contributions by the Aggregate Capital Contributions of all Partners.

More Definitions of Partnership Percentage

Partnership Percentage means, with respect to a McNeil Partnership, the percentage set forth below opposite the name of such McNeil Partnership.

Partnership Percentage has the meaning stated in Section 4.5.

Partnership Percentage means the interest of the Partners in the Partnership and the interest of the Partners in the profits and losses of the Partnership. Initially, the Partnership Percentage shall be 99% to the Limited Partner and 1% to the General Partner.

Partnership Percentage means, with respect to any Partner, at any time, the percentage specified as such Partner's "Partnership Percentage" at the time such Partner was admitted to the Partnership, as adjusted in accordance with the terms of this Agreement. The initial Partnership Percentages are as follows: Cogentrix GP 1% Cogentrix LP 49% VF Delaware 1% VF 49%

Partnership Percentage of a Partner means the aggregate percentage of Partnership Interests of such Partner set forth in Schedule I hereto, as the same may be modified from time to time as provided herein.

Partnership Percentage means such Partner's cumulative General Partner and Limited Partner percentage interest in the Profits and Losses of the Partnership determined in accordance with this Section 4.5. As at the date of this Agreement the Partnership Percentage of each Partner is as follows: Limited General Partnership Partnership Partnership Partner Interest Interest Percentage ------- ----------- ----------- ----------- Xxxxx 60.5% 1.0% 61.5% TC/GP 36.5% 1.0% 37.5% TCHI -- 1.0% 1.0%

Partnership Percentage means, with respect to each Capital Account, as of any date, the percentage calculated by dividing the balance of each such Capital Account by the aggregate Capital Accounts as of such date, after taking into account Capital Contributions and distributions. The sum of the Partnership Percentages shall equal 100%.