Percentage Interest Defined Sample Clauses

Percentage Interest Defined. In return for his, her, or its initial capital contribution, each Partner has received the percentage interest in the Partnership set forth on Schedule A. As used in this Agreement, “
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Percentage Interest Defined. (a) In return for his, her, or its initial capital contribution, each Class A Partner has received the percentage interest in the aggregate Class A Partnership Interests of the Partnership set forth on Schedule A hereto. As used in this Agreement, “Percentage Interest” with respect to any Class A Partner means the percentage shown on Schedule A, as adjusted from time to time pursuant to the terms of this Agreement. To the extent that a Class A Partner has received, or receives, a Class A Partnership Interest, and such Class A Partner’s Class A Sharing Ratio exceeds the amount of such Partner’s Capital Contribution over all of the Capital Contributions of the Class A Partners in the aggregate as a percentage, then such Class A Partner’s “Percentage Interest” shall be classified as a “profits interest” to the extent of such excess within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43 (or other corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other applicable tax laws).
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Related to Percentage Interest Defined

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.