Class A Percentage Interest definition
Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.
Class A Percentage Interest. As of any date of determination, with respect to the Class A Regular Interest and the Class A Certificates, a percentage interest equal to a fraction, the numerator of which is the Certificate Balance of the Class A Certificates, and the denominator of which is the Certificate Balance of the Class A Regular Interest.
Class A Percentage Interest means, with respect to each Partner, the fraction, expressed as a percentage, the numerator of which is the number of Class A Units held by such Partner and the denominator of which is the aggregate outstanding Class A units held by all Partners.
Examples of Class A Percentage Interest in a sentence
The Members shall have the right to vote upon all matters upon which Members have the right to vote under the Act or under this Agreement, in proportion to their respective Class A Percentage Interest.
More Definitions of Class A Percentage Interest
Class A Percentage Interest means, with respect to any Member, the quotient obtained by dividing the aggregate number of Class A Common Units then owned by such Member by the aggregate number of Class A Common Units then owned by all Members; provided that Unvested Units shall not be taken into account in determining such quotient.
Class A Percentage Interest means for any Payment Date, a percentage equal to (i) the Outstanding Note Balance of the Class A Notes divided by (ii) the Aggregate Outstanding Note Balance.
Class A Percentage Interest means, with respect to a Class A Member, the percentage set forth opposite such Member’s name on Schedule 3.1, subject to adjustment pursuant to a transfer of a Class A Interest by such Member or the issuance of new Class A Interests by the Company, in either case, in compliance with the terms of this Agreement.
Class A Percentage Interest means the interest in the Class A Portion of the Trust that is evidenced by a Class A Note and that is set forth on the face of such Note; provided, however, that the Issuer shall only issue Class A Notes evidencing in the aggregate Class A Percentage Interests totaling 100%. To the extent that, for federal income tax purposes, the Class A Notes constitute indebtedness, all references in this Agreement to Holders of Class A Notes owning a specified percentage of the outstanding Class A Note Principal Balance shall be construed to mean Holders of Class A Notes evidencing such specified percentage of the then outstanding indebtedness.
Class A Percentage Interest means the fraction (expressed as a percentage), the numerator of which is the Percentage Interest of the applicable Class A Member and the denominator of which is the aggregate Percentage Interest of all Class A Members on the applicable date of computation.
Class A Percentage Interest means the percentage ownership of a holder of Class A Units determined by dividing (a) the number of Class A Units held by that holder by (b) the total number of issued and outstanding Class A Units.
Class A Percentage Interest means, with respect to any holder or group of holders of Class A Units as of any determination time, a fraction (expressed as a percentage), the numerator of which equals the number of outstanding Class A Units held of record by such holder or group of holders as of any determination time and the denominator of which equals the total number of outstanding Class A Units held by all holders of Class A Units as of any determination time.