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Percentage Interest
Sample Clauses
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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
.
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Percentage Interest
. As to
any Certificate
,
the percentage
interest evidenced thereby in
distributions
required
to be made on the
related Class
, such percentage interest being
set forth
on the
face
thereof or
equal to
the percentage obtained by dividing the Denomination of such Certificate by the
aggregate
of the
Denominations
of all
Certificates
of the same Class.
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Percentage Interest
. If
the number
of outstanding
Common Partnership Units
increases or decreases
during a
taxable year
,
the General Partner
shall
adjust
each holder
of Common Partnership Units’ Percentage Interest, as reflected on
Exhibit A
, to
a percentage
equal to
the
number of Common
Partnership Units
held by
such Partner
divided by
the
aggregate number
of outstanding Common Partnership Units.
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Percentage Interest
. The total
Percentage Interests
outstanding
in the Company held
by the Members
shall
at all times
total one hundred percent (100%). An
individual Member
’s Percentage Interest in
the Company shall
be
determined
by dividing such Member’s aggregate Capital Contributions to the
Company by
the
total Capital Contributions
made to the Company by the Member(s).
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Percentage Interest
.
The term
“
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Percentage Interest
.
The percentage
determined
by dividing the number of Units
owned by
a
Partner
by the total
number of outstanding Units
.
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Percentage Interest
. (a) With respect to the
right of
each
Certificate of
a
particular
Class
in
the distributions
allocated to
such Class, “Percentage Interest” shall
mean
the percentage
equal to
:
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Percentage Interest
.
As described
in
Section 9.1
.
Permitted Leases
. Leases of
apartment units
within
the Project
entered into
pursuant to the
approved
Leasing Guidelines
in the ordinary course
of operations
as an
apartment community
.
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Percentage Interest
.
The Sole Member
’s Percentage Interest is one hundred percent (100%).
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Percentage Interest
. The Percentage
Interests of the Members
may be
adjusted
only as
set forth
in this Agreement
.
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