Common use of Initial Percentage Interests Clause in Contracts

Initial Percentage Interests. Upon execution of this Agreement, the Percentage Interests of each of the Members are as follows: Name Percentage Interest Alcoa USA 46.60% ASC Alumina 8.65% RMC 3.17% RME 1.58% AIH 34.10% Alumina USA 5.9% It is the general intention of the parties hereto that the respective aggregate Percentage Interests of (i) Alcoa USA, ASC Alumina, RMC and RME, on the one hand, and (ii) AIH and Alumina USA, on the other hand, shall be maintained, as among themselves, to the extent reasonably possible, in the same sixty / forty percent (60%/40%) ratio as their Percentage Interests set forth above. To this end, the Members hereby agree to use their best efforts to maintain such sixty / forty percent (60%/40%) ratio in connection with any future acquisitions of minority interests in any Company strategic alliance, acquisitions of new assets or new companies affiliated with the Company, the admission of any additional Members to the Company, the assignment of any Interests in the Company, or any portion thereof, and the timing and amounts of distributions made to the Members.

Appears in 1 contract

Sources: Limited Liability Company Agreement

Initial Percentage Interests. Upon execution of this Agreement, the Percentage Interests of each of the Members are as follows: Name Percentage Interest Alcoa USA 46.6046.60 % ASC Alumina 8.658.65 % RMC 3.173.17 % RME 1.581.58 % AIH 34.1034.10 % Alumina USA 5.95.9 % Total 100 % It is the general intention of the parties hereto that the respective aggregate Percentage Interests of (i) Alcoa USA, ASC Alumina, RMC and RME, on the one hand, and (ii) AIH and Alumina USA, on the other hand, shall be maintained, as among themselves, to the extent reasonably possible, in the same sixty / forty percent (60%/40%) ratio as their Percentage Interests set forth above. To this end, the Members hereby agree to use their best efforts to maintain such sixty / forty percent (60%/40%) ratio in connection with any future acquisitions of minority interests in any Company strategic alliance, acquisitions of new assets or new companies affiliated with the Company, the admission of any additional Members to the Company, the assignment of any Interests in the Company, or any portion thereof, and the timing and amounts of distributions made to the Members.

Appears in 1 contract

Sources: Limited Liability Company Agreement

Initial Percentage Interests. Upon execution of this Agreement, the Percentage Interests of each of the Members are as follows: Name Percentage Interest Alcoa USA 46.6046.60 % ASC Alumina 8.658.65 % RMC 3.173.17 % RME 1.581.58 % AIH 34.1034.10 % Alumina USA 5.95.9 % It is the general intention of the parties hereto that the respective aggregate Percentage Interests of (i) Alcoa USA, ASC Alumina, RMC and RME, on the one hand, and (ii) AIH and Alumina USA, on the other hand, shall be maintained, as among themselves, to the extent reasonably possible, in the same sixty / forty percent (60%/40%) ratio as their Percentage Interests set forth above. To this end, the Members hereby agree to use their best efforts to maintain such sixty / forty percent (60%/40%) ratio in connection with any future acquisitions of minority interests in any Company strategic alliance, acquisitions of new assets or new companies affiliated with the Company, the admission of any additional Members to the Company, the assignment of any Interests in the Company, or any portion thereof, and the timing and amounts of distributions made to the Members.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Alcoa Corp)