Clawback Obligation definition

Clawback Obligation has the meaning set forth in Section 4.4.

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Clawback Obligation has the meaning set forth in Section 13.01.

Clawback Obligation has the meaning set forth in Section 6(d) hereof.

Examples of Clawback Obligation in a sentence

For the avoidance of doubt, Alleghany shall not (i) be required to return to the Partnership any distributions, (ii) be subjected to any withholding or (iii) be subjected to any offset against amounts due and payable to Alleghany, in each case to the extent that a Clawback Obligation relates to any amounts distributed prior to July 31, 2013.
Notwithstanding the foregoing, at no time shall any Partner be liable for amounts in excess of amounts distributed to such Partner in connection with any Fund in respect of which a Clawback Obligation is or may be owing.
The Partnership shall be entitled to withhold from any distributions otherwise payable to Alleghany a reasonable amount sufficient to reserve for any potential Clawback Obligation.
To the extent that any such reserve is not sufficient to satisfy any such Clawback Obligation, the Partnership shall be entitled to offset such deficiency with any amounts due and payable to Alleghany or its Affiliates.
When the Clawback Obligation becomes due and payable and the Obligor fails to fully and punctually pay and perform its Clawback Obligation, the Funds or any of the Fund Limited Partners may make demand upon a Guarantor for the payment of such Guarantor's obligations hereunder.

More Definitions of Clawback Obligation

Clawback Obligation means any obligation to make a payment in respect of a so-called “clawback” of Carried Interest in accordance with the applicable TPG Fund’s fund documentation, including any so-called interim “clawback” or, to extent related to the Carried Interest, any “LP clawback” or “all Partner clawback”.

Clawback Obligation means, any and all Losses arising by operation of any “limited partner clawback”, “all partner clawback”, “carried interest clawback” or similar obligation to return, repay or contribute distributions of or distributions attributable to Acquired Pre-2016 Carry or the Funded GP Interests (whether effected by repayment, drawdown, deduction from any capital account, set-off against any subsequent distribution or otherwise), pursuant to the applicable Portfolio Property Agreements or under applicable Law which obligation relates to a distribution of Acquired Pre-2016 Carry made to Seller (or any prior holder of such asset) on or prior to the Closing Date, provided that any such obligation relating to distributions of Acquired Pre-2016 Carry made to Seller (or any prior holder of the assets forming the subject of the Acquired Pre-2016 Carry) on or prior to the Effective Date shall only be deemed to be a Clawback Obligation if and to the extent that the amount of such Acquired Pre-2016 Carry required to be returned, repaid or contributed (however effected) from time to time after the Effective Date exceeds $3 million.

Clawback Obligation is defined in Section 6.2(b).

Clawback Obligation. As defined in Section 9.4(a). Closing: The initial closing of Capital Commitments to the Partnership occurring on the Closing Date. The minimum amount of Capital Commitments required for the Closing is $100 million. Closing Date: January __, 2009.

Clawback Obligation means, at any date, any obligation (a "clawback obligation") of any MGM/Orion Company constituting a Guarantee of the obligations of any Person incurred by such Person in connection with the development, production, financing, acquisition, distribution and exploitation of any Film or slate or group of Films or any Film Related Asset, or in accordance with any Licensing Agreement, the amount of which clawback obligation does not exceed the amount of distributions or other payments received by such MGM/Orion Company from such Person with respect to such Film or slate or group of Films or Film Related Asset or Licensing Agreement.

Clawback Obligation means an obligation on the part of the Company or the Managing Member, pursuant to the Fund Agreement, to make a payment to the Fund or its investors in respect of a clawback of the related Carried Interest.

Clawback Obligation has the meaning given such term in the Sponsor Agreement.