Incentive Distribution Rights definition

Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

Incentive Distribution Rights has the meaning specified in Section 3.02(a).

Incentive Distribution Rights means a limited partner interest in the Partnership having the rights and obligations specified with respect to Incentive Distribution Rights in the Partnership Agreement (and no other rights otherwise available to or other obligations of a holder of an equity interest in the Partnership).

Examples of Incentive Distribution Rights in a sentence

• The General Partner or any other holder of Incentive Distribution Rights may transfer any or all of its Incentive Distribution Rights without the approval of any Limited Partner or any other Person.

• If at the time of any IDR Reset Election the General Partner and its Affiliates are not the holders of a majority in interest of the Incentive Distribution Rights, then the IDR Reset Election shall be subject to the prior written concurrence of the General Partner that the conditions described in the immediately preceding sentence have been satisfied.

• The initial Capital Account attributable to the Incentive Distribution Rights shall be zero.

• Notwithstanding anything herein to the contrary, no transfer of Incentive Distribution Rights to another Person shall be permitted unless the transferee agrees to be bound by the provisions of this Agreement.

• In making its determination, such third independent investment banking firm or other independent expert may consider the then current trading price of Units on any National Securities Exchange on which Units are then listed or admitted to trading, the value of the Partnership’s assets, the rights and obligations of the Departing General Partner, the value of the Incentive Distribution Rights and the General Partner Interest and other factors it may deem relevant.

More Definitions of Incentive Distribution Rights

Incentive Distribution Rights has the meaning set forth in the A&R LPA.

Incentive Distribution Rights or "IDRs" shall mean an "Incentive Distribution Right," as defined in the ENLK Partnership Agreement.

Incentive Distribution Rights is defined in the MLP Agreement.

Incentive Distribution Rights means the rights to the Incentive Distributions as set forth in the Partnership Agreement.

Incentive Distribution Rights has the meaning set forth in the LP Agreement.

Incentive Distribution Rights means all of the incentive distribution rights representing limited partner interests in the Partnership.

Incentive Distribution Rights means the Limited Partner Interests that were outstanding prior to the date of this Agreement having the rights and obligations specified with respect to Incentive Distribution Rights in the Third Restated Agreement, all of which have been cancelled pursuant to this Agreement and the Partnership Restructuring Agreement.