Participating Percentage. For each Member, the percentage set forth opposite such Member’s name below, as adjusted from time to time: Member Participating Percentage NOX II INTERNATIONAL, LTD. 80% AJG 20%
Participating Percentage. For each Member, the percentage set forth opposite such Member’s name below, as adjusted from time to time as provided in Section 6.2: Member Participating Percentage NOX 95.0% AJG 2.5% IQCC 2.5% Permitted Transferee. As defined in Section 12.2.
Participating Percentage. Each Member shall initially hold that number of Units set forth on Exhibit A hereto, which shall evidence, in the aggregate, a one hundred percent (100%) Participating Percentage in the Company. The Participating Percentage of each Member may be adjusted from time to time pursuant to the terms hereof.
Participating Percentage. At any time, the Participating Percentage of each Employee Member shall equal such Employee Member's Employee Percentage. At any time, the Participating Percentage of each Capital Member shall equal the product of (a) such Capital Member's Capital Percentage multiplied by (b) the excess of one hundred percent (100%) over the sum of the Employee Percentages at such time. The Participating Percentages of the Members as of the date hereof are set forth on Exhibit A. The Participating Percentages are subject to adjustment as provided in Section 6.2.
Participating Percentage. For each Member, the percentage set forth opposite such Member’s name below: Participating Member Percentage Sidoti 90 % Trust 10 % Person. A natural person, corporation, limited liability company, trust, partnership, estate, unincorporated association or other entity.
Participating Percentage. For each Member, the percentage set forth after the Member’s name on Exhibit A, as amended from time to time, and as to an assignee who is not a Member, the Participating Percentage of the Member whose Membership Interest has been acquired by such assignee, to the extent the assignee has succeeded to that Member’s Membership Interest. Partnership Representative. Tire meaning ascribed to such term in Section 10.8(a) hereof. Permitted Transfers. The meaning ascribed to such term in Section 12.2 hereof. Person. A natural person, corporation, limited liability company, trust, partnership, limited partnership, legal representative, unincorporated association or other entity. Profits or Losses. The net income or loss of the Company for federal income tax purposes as finally determined by the Company’s accountants for each Allocation Period of the Company (or other period for which Profit or Loss must be computed) in accordance with Section 703(a) of the Code (all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code being included in taxable income or loss for this puipose), as adjusted in accordance with the rules contained in Treasury Regulations issued under Section 704(b) of the Code (e.g.. (i) increasing taxable income by any income of the Company that is exempt from U.S. federal income tax and (ii) depreciation, amortization, gain or loss with respect to assets of the Company adjusted pursuant to Regulation Section 1.704- l(b)(2)(iv)(i) shall be computed in accordance with Regulation Section 1.704-1 (b)(2)(iv)(g)). Regulatory Allocations. The meaning ascribed to such term in Section 7.3(h) hereof. Tax Liability. For each Member, the amount for any Allocation Period equal to the product of (i) the Taxable income of the Company, if any, allocated to such Member under this Agreement for such Allocation Period (including amounts deemed to be taxable income under Section 704(c) of the Code) reduced by the Taxable loss of the Company, if any, allocated to such Member under this Agreement for all prior years and not previously taken into account for purposes of Section 8.2. multiplied by (ii) the Marginal Rate for such Allocation Period. In no event shall the Tax Liability of a Member for any Allocation Period be deemed to be less than zero. Notwithstanding anything herein to the contrary, for purposes of calculating the Taxable income of the Company, if any, allocable to a Member, the Taxable income o...
