Adjustment to Percentage Interests Sample Clauses

Adjustment to Percentage Interests. In the event of any conversion of Preferred Interests pursuant to this Section 3.6(b)(vi), the Percentage Interests of the Members shall be adjusted accordingly in accordance with Section 3.1(b).
Sample 1
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Adjustment to Percentage Interests. In the event an additional Member is admitted, the Percentage Interests of the other Members shall be reduced by an aggregate number of percentage points equal to the Percentage Interest of the additional Member, and such reduction shall be allocated among such other Members pro rata in proportion to their Percentage Interests as in effect immediately prior to such reduction.
Sample 1
Adjustment to Percentage Interests. In connection with any purchase of a Membership Interest pursuant to this Section 7.8, the Percentage Interest of the Redeemed Member shall be reduced to zero effective as of the date of the Call Notice and the Percentage Interests of the other Members shall be increased, in the aggregate, by the amount necessary to cause the sum of the Percentage Interests of such other Members to equal one hundred percent (100%), with such increase being allocated among such other Members pro rata in proportion to their Percentage Interests as in effect immediately prior to such adjustment.
Sample 1
Adjustment to Percentage Interests. (a) On the date which is first day of the 38th month after the date hereof (the "Trigger Date"), each Partner's Percentage Interest shall adjust to the respective Adjusted Percentage Interest set forth on Schedule II next to each Partner's name and this Agreement shall be automatically amended to change all references to Percentage Interest to Adjusted Percentage Interest, as appropriate, and such amendment shall not require the consent of the Partners.
Sample 1

Related to Adjustment to Percentage Interests

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Account (a) There shall be established for each Member on the books of the Company a Capital Account in accordance with Section 704 of the Code and the Treasury Regulations promulgated thereunder.

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

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