Residual Sharing Ratios definition

Residual Sharing Ratios means the percentages in which Partners participate in distributions arising from Capital Proceeds after prior distributions as more particularly set forth in Section 8.2. The initial Residual Sharing Ratios of the Partners are as follows: Developer Partner 49.495% Preferred Partner 50.505% The above Residual Sharing Ratios are based on the acquisition of solely the Fairview Parcel. It is contemplated that after the acquisition of all of the Projects that the initial Residual Sharing Ratios of the Partners will be as follows: Developer Partner 29.293% Preferred Partner 70.707% The Residual Sharing Ratios are subject to change as set forth in Section 4.4.
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Residual Sharing Ratios means the percentages in which Members participate in distributions of Net Cash Flow and Capital Proceeds pursuant to Section 5.2. The Residual Sharing Ratios of the Members are as follows: TRS Class A Member: 56.7% with respect to Stabilized Assets and 0% with respect to Development Assets; TRS Class B Member: 0% with respect to Stabilized Assets and 35% with respect to Development Assets; Mystic Class Member: 43.3% with respect to Stabilized Assets and 65% with respect to Development Assets.
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Residual Sharing Ratios means the percentages in which Members participate in distributions of Available Cash after prior distributions under Section 8.2. The initial Residual Sharing Ratios of the Members are as follows: Developer Member 40% GECC Member 60% Commencing on the earlier of (i) the date on which the Developer Member is removed as Manager following the occurrence or existence of a Removal Event in accordance with Section 4.8(b) or (ii) the date of the occurrence or existence of an Additional Capital Contribution Default Event by the Developer Member, the Residual Sharing Ratios of the Members shall change to the following: Developer Member 16.67% GECC Member 83.33%
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Examples of Residual Sharing Ratios in a sentence

  • Solely for purposes of determining a Partner's proportionate share of the "excess nonrecourse liabilities" of the Company within the meaning of Regulations Section 1.752-3(a), the Partners' interests in Company profits are in proportion to their Residual Sharing Ratios.

  • If approved pursuant to Section 4.1(c), the Members shall make Additional Capital Contributions to provide funds for Operating Expense Shortfalls in proportion to their Residual Sharing Ratios.

  • At least sixty (60) days prior to the Effective Time, PBVA shall provide CFFI with a complete and accurate list of the deadlines for extensions or terminations of all material leases, agreements or licenses (including specifically real property leases and data processing agreements) to which PBVA or any of its Subsidiaries is a party.


More Definitions of Residual Sharing Ratios

Residual Sharing Ratios means one percent (1%) in the case of the General Partner, fifty-nine percent (59%) in the case of the Class A Limited Partner and forty percent (40%) in the case of the Class B Limited Partner.
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Residual Sharing Ratios means the following percentages with respect to each Member: Dividend Member 65 % LWI 35 %
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Residual Sharing Ratios means the percentages in which Partners participate in distributions arising from Capital Proceeds after prior distributions as more particularly set forth in Section 8.2. The initial Residual Sharing Ratios of the Partners are as follows:
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Residual Sharing Ratios means the percentages in which Members participate in distributions of Available Cash and Capital Proceeds pursuant to Section 8.2(c), Section 8.3(X)(h), Section 8.3(Y)(f) and Section 8.3(Z)(e) hereof. The Residual Sharing Ratios of the Members are as follows: AIMCO Managing Member 68 % AIMCO Sub 27 % Investor 5 %. Each individual AIMCO Member's Residual Sharing Ratio may change from time to time as determined by the Manager based on the relative amount of Capital Contributions (including, without limitation, Additional Capital Contributions) made by the AIMCO Members and Transfers of Membership Interests between the AIMCO Members; provided, however, that (1) the aggregate Residual Sharing Ratios of the AIMCO Members shall at all times equal ninety-five percent (95%) and (2) each individual AIMCO Member's Residual Sharing Ratio shall at all times be in the same proportion to each other as the AIMCO Members' Capital Sharing Ratios are to each other.
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Residual Sharing Ratios means as to each Holder's Membership Interests, a fraction, the numerator of which is the number of Membership Interests (regardless of Class) owned by the Holder, and the denominator of which is the number of issued and outstanding Membership Interests.
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Related to Residual Sharing Ratios

  • Sharing Ratio means, subject in each case to adjustments in accordance with this Agreement or in connection with Dispositions of Membership Interests, (a) in the case of a Member executing this Agreement as of the date of this Agreement or a Person acquiring such Member’s Membership Interest, the percentage specified for that Member as its Sharing Ratio on Exhibit A and (b) in the case of Membership Interests issued pursuant to Section 3.1, the Sharing Ratio established pursuant thereto; provided, however, that the total of all Sharing Ratios shall always equal 100%.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Funding Ratio means: (a) for a Governmental Plan Investor or other plan not covered by clause (b) below, the total net fair market value of the assets of the plan over the actuarial present value of the plan’s total benefit liabilities, as reported in such plan’s most recent audited financial statements; and (b) for a Pension Plan Investor that is subject to Form 5500 – series reporting requirements, the funding target attainment percentage reported on Schedule SB to the Form 5500 or the funded percentage for monitoring the plan’s status reported on Schedule MB to the Form 5500, as applicable, as reported on the most recently filed Form 5500 by such Pension Plan Investor with the United States Department of Labor.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.