No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the Corporation’s Realized Tax Benefit and Interest Amount be paid to the Existing Stockholders pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 3 contracts
Samples: Income Tax Receivable Agreement, Income Tax Receivable Agreement (Graham Packaging Co Inc.), Tax Receivable Agreement (Graham Packaging Co Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85100% of the Corporation’s Realized Tax Benefit and Interest Amount be paid to the Existing Stockholders Limited Partner pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that Agreement, subject to Article 4 and Section 7.14, will result in an amount equal to 85% of the Corporation’s Cumulative Net Realized Tax Benefit and Interest Amount be being paid over to the Existing Stockholders pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax BenefitMembers. The provisions of this Agreement shall be construed in the appropriate manner so that to ensure such intentions are realized.
Appears in 3 contracts
Samples: Tax Receivable Agreement, Tax Receivable Agreement (Red Rock Resorts, Inc.), Tax Receivable Agreement (Red Rock Resorts, Inc.)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85will result in 90% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Truett-Hurst, Inc.), Tax Receivable Agreement (Truett-Hurst, Inc.), Tax Receivable Agreement (Truett-Hurst, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realizedto achieve these fundamental results.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Pzena Investment Management, Inc.), Tax Receivable Agreement (Turner Investments, Inc.), Tax Receivable Agreement (Pzena Investment Management, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Principals pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realizedto achieve these fundamental results.
Appears in 3 contracts
Samples: Tax Receivable Agreement (RCS Capital Corp), Tax Receivable Agreement (RCS Capital Corp), Tax Receivable Agreement (Artio Global Investors Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the Corporation’s Realized Tax Benefit and Interest Amount be paid to the Existing Stockholders Xxxxxx Family Entities pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 3 contracts
Samples: Income Tax Receivable Agreement, Income Tax Receivable Agreement (Graham Packaging Co Inc.), Tax Receivable Agreement (Graham Packaging Co Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Members pursuant to this Agreement, Agreement upon and that with respect to any Taxable Year, the Corporation will not make payments pursuant subject to the Tax Receivable Agreements exceeding 85% satisfaction of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realizedPayment Conditions.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Manning & Napier, Inc.), Tax Receivable Agreement (Manning & Napier, Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the each Corporation’s Realized Tax Benefit and Interest Amount be is paid to the Existing Stockholders Limited Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that as such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Oaktree Capital Group, LLC), Tax Receivable Agreement (Oaktree Capital Group, LLC)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Realized Tax Benefit Benefits of the Company Group, and Interest Amount be the Ticker Amounts thereon, being paid to the Existing Stockholders Shareholder pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Birkenstock Holding PLC), Tax Receivable Agreement (Birkenstock Holding LTD)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the CorporationCorporate Taxpayer’s Realized Tax Benefit and Interest Amount be is paid to the Existing Stockholders Limited Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that as such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Blackstone Group Inc), Tax Receivable Agreement (Blackstone Group L.P.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85will result in 90% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Genesis Healthcare, Inc.), Purchase and Contribution Agreement (Skilled Healthcare Group, Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the each Corporation’s Realized Tax Benefit and Interest Amount be is paid to the Existing Stockholders TRA Holders pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Ares Management Lp), Form of Tax Receivable Agreement (Ares Management Lp)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Athlon Energy Inc.), Tax Receivable Agreement (Athlon Energy Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the Corporation’s 's Realized Tax Benefit and Interest Amount be is paid to the Existing Stockholders Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that as such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Fortress Investment Group Holdings LLC), Amended And (Fortress Investment Group LLC)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit for each Exchange, and the Interest Amount be thereon, being paid to the Existing Stockholders Applicable Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Pennymac Financial Services, Inc.), Tax Receivable Agreement (Pennymac Financial Services, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the Corporation’s Realized Tax Benefit and Interest Amount be Payments are paid to the Existing Stockholders Non-Corporate Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that to ensure such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (National Beef, Inc.), Tax Receivable Agreement (National Beef, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the CorporationCompany’s Cumulative Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Limited Partners pursuant to this Agreement, Agreement upon and that with respect to any Taxable Year, the Corporation will not make payments pursuant subject to the Tax Receivable Agreements exceeding 85% satisfaction of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realizedPayment Conditions.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Silvercrest Asset Management Group Inc.), Tax Receivable Agreement (Silvercrest Asset Management Group Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Principals pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Fifth Street Asset Management Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Principals (including their Affiliates) pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Fifth Street Asset Management Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of the each Corporation’s Realized Tax Benefit and Interest Amount be is paid to OCGH on behalf of the Existing Stockholders Limited Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that as such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Oaktree Capital Group, LLC)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that 85% of each of the CorporationCorporate Taxpayer’s Realized Tax Benefit and Interest Amount be is paid to the Existing Stockholders Limited Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that as such intentions are realized.
Appears in 1 contract
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit Benefit, and the Interest Amount be thereon, being paid to the Existing Stockholders Limited Partners pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 1 contract
Samples: Tax Receivable Agreement (Silver Run Acquisition Corp II)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that will result in 85% of the Corporation’s Realized Tax Benefit Benefits of the Company Group, and Interest Amount be the Ticker Amounts thereon, being paid to the Existing Stockholders Shareholders pursuant to this Agreement and the Contribution Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that such intentions these fundamental results are realizedachieved.
Appears in 1 contract
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement provide that Agreement, subject to Article 4 and Section 7.14, will result in an amount equal to (i) 85% of the Corporation’s Cumulative Net Realized Tax Benefit and Interest Amount be less (ii) the Administrative Expense being paid to by the Existing Stockholders Members pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner so that to ensure such intentions are realized.
Appears in 1 contract
