Benchmark Amount definition

Benchmark Amount means the cumulative distributions that must be made by the Company pursuant to the LLC Agreement before a Grantee is entitled to receive any distributions in respect of such Grantee’s Phantom Profits Interest Units. The Benchmark Amount shall equal $703,691,178 or such other greater amount as set forth in the applicable Award Agreement.

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Benchmark Amount means the amount set with respect to an Override Unit pursuant to Section 7.1(e).

Benchmark Amount means the amount set with respect to a Class B Unit pursuant to Section 3.2(d)(iii).

Examples of Benchmark Amount in a sentence

• The Board shall determine the Benchmark Amount with respect to each Override Unit at the time such Override Unit is issued to a Management Member, which shall be reflected on Schedule A.

• The amounts so apportioned to the vested Class B Units held by a Member will be distributed (i) first, to the Managing Member up to the aggregate Benchmark Amount of such vested Class B Units and (ii) thereafter, to such Member.

• The Benchmark Amount of each issued Override Unit shall be reflected on Schedule A, which (together with the provisions of Sections 9.1(b) and (c)) are intended to result in such Override Unit being treated as a profits interest for U.S. federal income tax purposes as of the date such Override Unit is issued.

• The Benchmark Amount of each Class B Unit shall be determined at the time such Class B Unit is issued to a Service Member and shall equal the then current Fair Market Value of one WMG Fractional Share, which shall be reflected on Schedule A.

• For the avoidance of doubt, the Benchmark Amount of each Class B Unit granted on the Effective Date shall be the Initial Base Investment Price.

More Definitions of Benchmark Amount

Benchmark Amount has the meaning set forth in Section 10.1(b) of this Agreement.

Benchmark Amount has the meaning set forth in Section 4.07(c).

Benchmark Amount means the cumulative distributions that must be made by the Company pursuant to the LLC Agreement before a Grantee is entitled to receive any distributions in respect of such Grantee’s Phantom Profits Interest Units. The Benchmark Amount as of the initial effective date of the Plan is $231,372,549.02.

Benchmark Amount means $46,300,000.

Benchmark Amount means $5,604,000.

Benchmark Amount means, at any time, the dollar amount equal to the product of (i) the aggregate Ownership Percentage of the Ball Members at such time and (ii) (A) the aggregate Capital Account balances and Preferred Interest Account balances of all of the Members immediately following any distribution or Capital Contribution contemplated by Section 5.1(c) or 3.2(d), respectively, plus (B) the aggregate amount of all other Capital Contributions and Preferred Contributions made by the Members, minus (C) amounts paid in redemption of Preferred Interests pursuant to Section 3.3.

Benchmark Amount shall have the meaning set forth in Section 8.1(e).