Proportionate or Proportionately

Proportionate or Proportionately. Means in proportion to the number of Units held by Unitholders (i.e. according to the ratio of the number of Units held by each Member to the total number of Units that are outstanding). For instance, a distribution to be made Proportionately to the Unitholders would be made to each Member holding Units in an amount equal to (i) the number of Units held by such Member, divided by (ii) the total number of Units outstanding on the record date of such distribution, multiplied by (iii) the total... amount of the allocation made to the Unitholders. View More