Carryforward Account definition

Carryforward Account means a memorandum account to be recorded by DME in the books and records of the venture with respect to each Participant that has an initial balance of zero and that is adjusted as follows: As of the first day after the close of each Performance Period for such Participant (prior to giving effect to the Performance Allocation, if any), the balance of the Carryforward Account (a) is increased by the amount, if any, equal to two and one half times such Participant’s Negative Performance Change for such Performance Period and (b) is reduced (but not below zero) by the amount, if any, of such Participant’s Positive Performance Change for such Performance Period.

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Carryforward Account means a memorandum account recorded in the books and records of the Partnership with respect to each Limited Partner that has an initial balance equal to the balance of the carryforward account attributable to such Limited Partner in the Prior Venture as of the Commencement Date, with such balance appropriately adjusted for amounts that are not contributed by such Limited Partner to the Partnership. From and after the Commencement Date, the Carryforward Account will be adjusted as follows:

Carryforward Account means a memorandum account to be recorded by DME in the books and records of the venture with respect to each Participant that has an initial balance of zero and that is adjusted as follows:

Examples of Carryforward Account in a sentence

• No transferee may succeed to any portion of the Loss Carryforward Account applicable to the Transferring Member unless the transfer of the Interest or portion of the Interest results in no change in beneficial ownership in the Interest or portion of the Interest.

• Decreases pursuant to Section 4.6.1(b) and (c) may result in a negative Loss Carryforward Account balance.

• Any dividends paid or distributions made to a Limited Partner during the time following the prior Incentive Allocation Time, if any, and the current Incentive Allocation Time, shall be added to such Limited Partner’s capital account for purposes of calculating the Incentive Allocation and Loss Carryforward Account.

• The Incentive Fee shall be determined as of the end of the fiscal year and shall be an amount equal to 20% of the amount by which the Fund's Net Profits for all Fiscal Periods ending within or coterminous with the close of such fiscal year exceed the balance of the Loss Carryforward Account, as defined in Section 7(d) below, without duplication for any Incentive Fees paid during such fiscal year.

• The balance of the Loss Carryforward Account, if any, shall be subject to a proportionate reduction as of the day following: (i) the payment by the Fund of any dividend or other distribution to shareholders (unless the full amount thereof is reinvested in shares of the Fund); and (ii) any repurchase by the Fund of its shares.

• The Incentive Fee will be payable for a Performance Period only if and to the extent that the Loss Carryforward Account has a balance of zero.

• Any deficit not chargeable to the RSF shall be treated as a deficit carryforward (a "Deficit Carryforward") and credited to the Deficit Carryforward Account.

• Any portion of the gain up to (***) of the gain shall be applied to reduce the Deficit Carryforward Account balance (but not below zero).

• The balance of the Loss Carryforward Account maintained for a Class, if any, shall be subject to a proportionate reduction in connection with: (i) any dividend or other distribution payable by the Fund in respect of such Class (to the extent such dividends and other distributions paid in respect of such Class are not reinvested in Units of such Class); or (ii) any repurchase by the Fund of Units of such Class.

• Except as otherwise provided by this Agreement or otherwise agreed to by the parties, following final settlement pursuant to Section 10.4.3.3 hereof, United shall have no claim for any remaining balance in the Deficit Carryforward Account against AARP, AARP Trust, AARP's members, any successor to United as underwriter of the SHIP or any subsidiary or affiliate of any of the foregoing.

More Definitions of Carryforward Account

Carryforward Account means a memorandum account to be recorded in the books and records of the Partnership with respect to each Limited Partner that has an initial balance of zero and that is adjusted as follows:

Carryforward Account means an account established by the Company on its books and records, for bookkeeping purposes only, which will have an initial balance of zero and which will be adjusted as follows:

Carryforward Account means a memorandum account recorded in the books and records of the Partnership with respect to each Limited Partner that has an initial balance equal to the balance of the carryforward account attributable to such Limited Partner in the Prior Venture as of the Commencement Date; provided, however, that if any assets of the Prior Venture are not contributed to the Partnership on the Commencement Date (x) the balance of the carryforward account attributable to such Limited Partner in the Prior Venture shall be adjusted appropriately, and (y) if and when any such assets are contributed to the Partnership, the balance of the Carryforward Account will be adjusted appropriately. From and after the Commencement Date, the Carryforward Account will be adjusted as follows: as of the first day after the close of each Performance Period for such Limited Partner (prior to giving effect to the Performance Allocation, if any), the balance of the Carryforward Account (a) is increased by the amount, if any, equal to two and one half times such Limited Partner’s Negative Performance Change for such Performance Period and (b) is reduced (but not below zero) by the amount, if any, of such Limited Partner’s Positive Performance Change for such Performance Period.

Carryforward Account means a memorandum account to be recorded in the books and records of the Partnership with respect to each Limited Partner that has an initial balance of zero and that is adjusted as follows: (1) As of the first day after the close of each Performance Period for such Limited Partner, the balance of the Carryforward Account (a) is increased by the amount, if any, of such Limited Partner’s Negative Performance Change for such Performance Period and (b) is reduced (but not below zero) by the amount, if any, of such Limited Partner’s Positive Performance Change for such Performance Period. (2) As of the close of each Performance Period for such Limited Partner, any positive balance of the Carryforward Account is further adjusted if the Capital Account balance of such Limited Partner has been reduced during such Performance Period as a result of a distribution or a partial withdrawal, by reducing such positive balance (but not below zero) by an amount determined by multiplying (a) such positive balance by (b) a fraction, of which (i) the numerator is equal to the amount so distributed or withdrawn, and (ii) the denominator is equal to the balance of such Limited Partner’s Capital Account immediately before giving effect to such distribution or withdrawal.