Sharing Ratio. subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Member Interests, (a) in the case of a Member executing this Agreement as of the Effective Date or a Person acquiring such Member’s Member Interest, the percentage specified for such Member as its Sharing Ratio on Exhibit A, and (b) in the case of Member Interests issued under Section 3.04, the Sharing Ratio established in Section 3.04; provided, however, that the total of all Sharing Ratios shall always equal 100%.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Spectra Energy Partners, LP)
Sharing Ratio. subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Member Membership Interests, (a) in the case of a Member executing this Agreement as of the Effective Date date of this Agreement or a Person acquiring such Member’s Member Membership Interest, the percentage specified for such that Member as its Sharing Ratio on Exhibit A, and (b) in the case of Member Membership Interests issued under pursuant to Section 3.043.02, the Sharing Ratio established in Section 3.04pursuant thereto; provided, however, that the total of all Sharing Ratios shall always equal 100%.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Duncan Energy Partners L.P.)
Sharing Ratio. subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Member Membership Interests, (a) in the case of a Member executing this Agreement as of the Effective Date date of this Agreement or a Person acquiring such Member’s Member Membership Interest, the percentage specified for such that Member as its Sharing Ratio on the attached Exhibit A, and (b) in the case of Member Interests Membership Interest issued under pursuant to Section 3.04, the Sharing Ratio established in Section 3.04pursuant thereto; provided, however, that the total of all Sharing Ratios shall always equal 100%.
Appears in 1 contract
Sources: Limited Liability Company Agreement (NRG Retail LLC)