Additional GP Interest definition

Additional GP Interest means a dollar amount equal to 2/98ths of the aggregate value of the Additional LP Units.

Additional GP Interest means $2,037,245.

Additional GP Interest means the dollar amount equal to (a) 2/98ths of the product of the Issue Price times the aggregate number of Class C Units issued in the Private Equity Placement, minus (b) the GP Closing Quarter Distribution Reduction Amount.

Examples of Additional GP Interest in a sentence

• The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the amount of the Additional GP Interest.

• The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Subject Interest corresponding to the Additional GP Units.

• The Cash Consideration is net of the amount of the Additional GP Interest that the General Partner would otherwise have contributed to the Partnership in order to maintain its percentage interest in the Partnership in connection with the issuance of additional Common Units in the Underwritten Public Offering and the Private Equity Placement.

• The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Subject Interest corresponding to the Additional GP Units.Section 2.4 Issuance of Additional GP Units .

• The Parties acknowledge that the capital account of the General Partner has been increased by an amount equal to the amount of the Additional GP Interest in consideration for a contribution to the Partnership on behalf of the General Partner of a portion of the Contributed Interests corresponding to the number of General Partner Units described in Section 2.4.

More Definitions of Additional GP Interest

Additional GP Interest has the meaning assigned to such term in the recitals.

Additional GP Interest means $3,711,750.

Additional GP Interest means $46,780,000.

Additional GP Interest means $3,258,761.

Additional GP Interest means $23,500,000.

Additional GP Interest has the meaning assigned to such term in the Purchase Agreement.

Additional GP Interest means an amount equal to the product of (i) 2/98 multiplied by (ii) the product of (x) the closing price for the common units of the Partnership on the New York Stock Exchange on the trading day immediately prior to the Closing Date multiplied by (y) the Unit Consideration.