Adjusted Percentage Interest definition

Adjusted Percentage Interest means as of any date of determination (a) as to any Unitholder with respect to Units, as the case may be, the product obtained by multiplying (i) one hundred percent (100%) less the percentage applicable to clause (b) below by (ii) the quotient obtained by dividing (A) the number of Units held by such Unitholder, as the case may be, by (B) the total number of all Outstanding Units and (b) as to the holders of other Partnership Interests issued by the Partnership in accordance with Section 5.4, the percentage established as a part of such issuance. In calculating the number of Units in clauses (A) and (B) above, the applicable number of Units shall include Outstanding Common Units and the Common Units that would be issued if all Series A Preferred Units and Non-Voting Common Units were converted to Common Units on such date of determination. The Adjusted Percentage Interest with respect to a Series A Preferred Unit shall only be defined by reference to the Adjusted Percentage Interest attributable to the Common Units into which such Series A Preferred Unit would be converted if conversion took place on such date of determination (whether or not such Series A Preferred Units were eligible for conversion at such time).

Adjusted Percentage Interest of the Class A Members as a group or of the Class B Members as a group, as applicable, as of any date shall be determined as follows:

Adjusted Percentage Interest means the aggregate percentage interest(s) in the Company owned by each Member after the calculation made pursuant to Section 5.4.3.

Examples of Adjusted Percentage Interest in a sentence

• The negative vote of a single Schedule 20A Service Provider with an Adjusted Percentage Interest greater than fifty (50) percent of the aggregate Adjusted Percentage Interests of the Schedule 20A Service Providers voting shall cause the amendment to fail.

• In addition, Public Information Department representatives will participate in meetings and reviews to guide program development and implementation.

• Such pro rata right of first refusal shall allow each NBC Holder and each CNET Holder to purchase in accordance with this Section 3.4 a number of the New Units equal to the product of (x) the number of New Units proposed to be sold multiplied by (y) such Member's Adjusted Percentage Interest.

• If there is any adjustment of the Percentage Interest of the Parties, any Party whose interest has been adjusted downward shall cause a sufficient number of its shares of Common Stock of the Company to be delivered or transferred, without any compensation by any Party, to the Parties whose interests have been adjusted upward to reflect the Adjusted Percentage Interest.

• In addition, the successor General Partner shall cause this Agreement to be amended to reflect that, from and after the date of such successor General Partner’s admission, the successor General Partner’s interest in all Partnership distributions and allocations shall be its Adjusted Percentage Interest.

More Definitions of Adjusted Percentage Interest

Adjusted Percentage Interest means the ratio of the shareholding in the Company owned by each Party after giving effect to any adjustments made pursuant to Sections 5.8 or 5.9.

Adjusted Percentage Interest means, with respect to a Common Member (other than a Lazard Ltd Member) the product of (i) the Tax Rate (as determined by the Company in its sole discretion) applicable to such Common Member and (ii) a fraction, the numerator of which is the Percentage Interest of such Common Member and the denominator of which is the sum of the Percentage Interests for all Common Members (other than the Lazard Ltd Members).

Adjusted Percentage Interest for each Member shall equal:

Adjusted Percentage Interest means as of any date of determination (a) as to any Unitholder with respect to Units, as the case may be, the product obtained by multiplying (i) 100% less the percentage applicable to clause (b) below by (ii) the quotient obtained by dividing (A) the number of Units held by such Unitholder, as the case may be, by (B) the total number of all Outstanding Units and (b) as to the holders of other Partnership Interests issued by the Partnership in accordance with Section 5.4, the percentage established as a part of such issuance. In calculating the number of Units in clauses (A) and (B) above, the applicable number of Units shall include Outstanding Common Units and the Common Units that would be issued if all Series A Preferred Units were converted to Common Units on such date of determination. The Adjusted Percentage Interest with respect to a Series A Preferred Unit shall only be defined by reference to the Adjusted Percentage Interest attributable to the Common Units into which such Series A Preferred Unit would be converted if conversion took place on such date of determination (whether or not such Series A Preferred Units were eligible for conversion at such time).

Adjusted Percentage Interest shall have the meaning set forth in Section 7.3(b).

Adjusted Percentage Interest has the meaning given to it in the definition of "Individual UPP Value."

Adjusted Percentage Interest means, approximately, for the Class A Notes 43.50%, for the Class B Notes 12.15%, for the Class C Notes 11.58%, and for the Class D Notes 32.77%.