Capital Account Alignment definition

Capital Account Alignment has the meaning assigned to such term in Section 5.4(c).

Capital Account Alignment shall have the meaning set forth in SECTION 10(a).

Capital Account Alignment has the meaning assigned to such term in Section 5.4(c). “Capital Contribution” means any cash or cash equivalents or the fair market value of any other property that a Partner contributes to the Partnership pursuant to this Agreement.

Examples of Capital Account Alignment in a sentence

• The General Partner shall promptly notify each holder of Class B Common Units at such time that Capital Account Alignment has been achieved by such holder for such Class B Common Units.

• If Class B Common Units and/or Class C Common Units have not converted into regular Common Units prior to the liquidation of the Partnership, the Partnership shall also allocate specially items of gross taxable income and gain derived in connection with such liquidation to the holders of Class B Common Units and Class C Common Units until Capital Account Alignment has been achieved.

• If Class B Common Units have not converted into Common Units prior to the liquidation of the Partnership, the Partnership shall also allocate specially items of gross taxable income and gain derived in connection with such liquidation to the holders of Class B Common Units until Capital Account Alignment has been achieved.

More Definitions of Capital Account Alignment

Capital Account Alignment shall have the meaning set forth in SECTION 2(a). (f) “Class B Common Units” means the Class B Common Units of the Partnership. (g) “Class C Common Units” shall have the meaning set forth in SECTION 2(a). (h) “Code” means the Internal Revenue Code of 1986, as amended. (i) “Common Units” means the Regular Common Units, the Class B Common Units, the Class C Common Units and any other classes of common units of the Partnership (other than, for the avoidance of doubt, the portion of the Incentive Units not classified as Class C Common Units and/or Regular Common Units). (j) “Deferred Fee Agreement” shall have the meaning set forth in SECTION 2(a). (k) “EV” shall mean the equity value of the Partnership as at any baseline date or measurement date, as the case may be, as measured by the product of (a) the volume weighted average of the closing trading prices of the Regular Common Units as reported by the New York Stock Exchange (or other national securities exchange on which such securities may be principally traded, if not then traded on the New York Stock Exchange), for the twenty (20) trading days ending on such date, and (b) the number of Common Units outstanding; or if the Common Units are not then traded on a national securities exchange, then by deducting the value of the Partnership’s liabilities as reflected on its balance sheet for such date from the value of the Partnership's assets as reflected on such balance sheet. (l) “General Partner” means the general partner of the Partnership. (m) “Incentive Calculation Date” shall have the meaning set forth in SECTION 2(a). (n) “Incentive Unit Agreement” means this Incentive Unit Agreement, as amended from time to time. (o) “Incentive Unit Grant Date” shall have the meaning set forth in SECTION 2(a). (p) “Incentive Units” shall have the meaning set forth in SECTION 2(a). (q) “Independent Directors” means those directors of the General Partner who are not Affiliates of the Manager or any of its Affiliates. (r) “Issuance” shall have the meaning set forth in SECTION 2(b). 2 (s) “Measurement Date EV per Common Unit” shall have the meaning set forth in SECTION 2(a). (t) “Person” means any individual, corporation, partnership, joint venture, limited liability company, estate, trust, unincorporated association, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such capacity on behalf of any of the foregoing. (u) “Reduced Measurement Date EV per...

Capital Account Alignment shall have the meaning set forth in SECTION 2(a).