Sharing Ratio. The term "Sharing Ratio" shall mean for any Partner the proportion obtained by dividing (i) the number of Units (either Class B Units, Class A Units, or both, as the case may be) held by such Partner in the Company by (ii) the sum of all Units (either Class B Units, Class A Units, or both, as the case may be) issued and outstanding in the Company; provided, that in the event of any assignment by a Partner of a Unit in the Company, the Sharing Ratio of such Partner shall be proportionately reduced, based upon the number of Units assigned compared to the total number of Units owned by such Partner, and the assignee of such Unit or Units shall succeed to a proportionate share of the Sharing Ratio of his assignor that is attributable to the Unit or Units transferred to such Assignee.
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Sources: Limited Partnership Agreement (Sterling House Corp), Limited Partnership Agreement (Sterling House Corp)
Sharing Ratio. The term "Sharing Ratio" shall mean for any Partner Member the proportion obtained by dividing (i) the number of Units (either Class B Units, Class A Units, or both, as the case may be) held by such Partner Member in the Company by (ii) the sum of all Units (either Class B Units, Class A Units, or both, as the case may be) issued and outstanding in the Company; provided, that in the event of any assignment by a Partner Member of a Unit in the Company, the Sharing Ratio of such Partner Member shall be proportionately reduced, based upon the number of Units assigned compared to the total number of Units owned by such PartnerMember, and the assignee of such Unit or Units shall succeed to a proportionate share of the Sharing Ratio of his assignor that is attributable to the Unit or Units transferred to such Assignee.
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