Percentage Interest Defined Sample Clauses
Percentage Interest Defined. In return for his, her, or its initial capital contribution, each Partner has received the percentage interest in the Partnership set forth on Schedule A. As used in this Agreement, “
Percentage Interest Defined. (a) In return for his, her, or its initial capital contribution, each Class A Partner has received the percentage interest in the aggregate Class A Partnership Interests of the Partnership set forth on Schedule A hereto. As used in this Agreement, “Percentage Interest” with respect to any Class A Partner means the percentage shown on Schedule A, as adjusted from time to time pursuant to the terms of this Agreement. To the extent that a Class A Partner has received, or receives, a Class A Partnership Interest, and such Class A Partner’s Class A Sharing Ratio exceeds the amount of such Partner’s Capital Contribution over all of the Capital Contributions of the Class A Partners in the aggregate as a percentage, then such Class A Partner’s “Percentage Interest” shall be classified as a “profits interest” to the extent of such excess within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43 (or other corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other applicable tax laws).