Sharing Interest definition

Sharing Interest shall have the meaning set forth in the LLC Operating Agreement.
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Sharing Interest means, with respect to any Member, the percentage determined by dividing (1) such Member’s Committed Capital at the time of determination, by (2) the aggregate Committed Capital of all Members at the time of determination; provided, however, that, for purposes of this definition only, Committed Capital shall be adjusted as follows:
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Sharing Interest shall have the meaning set forth in the Operating Agreement.
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Examples of Sharing Interest in a sentence

  • The Company shall, upon the request of a Member, issue a certificate to such Member, executed by an officer of the Company authorized by the Members hereto, representing such Member's Profit Sharing Interest.

  • Any such certificate representing a Member's Profit Sharing Interest shall be deemed a "Security" as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Delaware from time to time.

  • Notwithstanding the foregoing, Micron may elect, but is not obligated, to purchase Product in excess of its Sharing Interest only by mutual agreement of the other Member.

  • If Intel fails purchase its full Sharing Interest of the Joint Venture Company’s output, produced in accordance with the Operating Plan (“Underloading”), then the increased Prices associated with such Underloading shall be isolated and charged solely to Intel, which Intel shall remain solely responsible for paying.

  • Any Secondary Silicon produced by the Joint Venture Company or its subcontractors will be provided [***] by the Joint Venture Company to the Members in a percentage equal to Intel’s Sharing Interest (as the same may change from time to time).

  • Intel shall purchase from the Joint Venture Company a percentage, equal to Intel’s Sharing Interest (as the same may change from time to time), of all of the Joint Venture Company’s output of Products that meet the Specifications.

  • Micron shall purchase from the Joint Venture Company a percentage, equal to Micron’s Sharing Interest (as the same may change from time to time), of all of the Joint Venture Company’s output of Products that meet the Specifications.

  • In the event that Buyer breaches its funding obligations under the Note, the Revenue Sharing Interest shall terminate and be of no further force and effect.

  • If Micron fails purchase its full Sharing Interest of the Joint Venture Company’s output, produced in accordance with the Operating Plan (“Underloading”), then the increased Prices associated with such Underloading shall be isolated and charged solely to Micron, which Micron shall remain solely responsible for paying.

  • AND ALSO, all right, title, interest and privileges extending to Time Sharing Interest Numbers(s) «BLDG_UNIT_WEEK_SEA_CODE» in each of the respective aforedescribed Units, as contained in that certain Time Sharing Declaration, dated June 17, 2004, recorded in the Land Records for Beaufort County, South Carolina, on June 22, 2004 in Book 01976 at Page 0082, as amended from time to time.


More Definitions of Sharing Interest

Sharing Interest shall have the meaning set forth in the IMFS Agreement.
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Sharing Interest of a Member shall mean such Member’s right to share in the profits and losses of the Company as set forth in Sections 6.2 and 6.3.
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Sharing Interest shall have the meaning set forth in the IMFT Agreement or IMFS Agreement, as applicable. For the avoidance of doubt, the relevant Parties’ Sharing Interests as of the date of this Agreement are as follows: (i) with respect to IMFT, **** for Intel and **** for Micron; and (ii) with respect to IMFS, **** for Intel Singapore and **** for Micron Singapore. **** shall have the meaning set forth in **** of this Agreement.
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Related to Sharing Interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.