Examples of Membership Percentage in a sentence
The Manager shall have the discretion to request, in writing, additional Capital Contributions from each Member in proportion to their Membership Percentage (“Capital Call”) in the event that the Company has insufficient funds to operate the Business of the Company or to make required payments on any debt of the Company; provided, however, the timing and amount of a Capital Call must be reasonable.
The BASC Games Commissioner shall be Chairman of the BASC Games and Disciplinary Committee.
Compute the District Membership Percentage (DMP) for each district as follows.
Each Class A Member will have a "Class A Membership Percentage" equal to the ratio, expressed as a percentage rounded to the nearest one-hundredth of a percent, of the number of Class A Units owned by the Member divided by the total number of issued and outstanding Class A Units.
If an Initial Member desires to purchase any or all of the Equity Securities specified in the Issuance Notice (up to its Membership Percentage), it shall deliver a written notice to the Company (each a “ Preemptive Rights Exercise Notice”) of its election to purchase such Equity Securities within ten Business Days after receipt of the Issuance Notice.