Clawback Payments definition

Clawback Payments means any payment made, directly or indirectly, by the Company on the account of any Over-Distribution pursuant to Section 14.2 of the Fund II Partnership Agreement.
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Clawback Payments means certain payments that could be made by Seller in accordance with Section 2.3(b) of the Purchase and Sale Agreement.
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Clawback Payments means
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Examples of Clawback Payments in a sentence

  • The “Net Tax Benefit” for a Taxable Year equals the amount of the excess, if any, of (x) 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year over (y) the aggregate amount of all Tax Benefit Payments previously made to such Member under this Section 3.1 reduced by any Clawback Payments previously paid to the Corporation by such Member pursuant to Section 3.5(b).

  • Notwithstanding the preceding sentence, Clawback Payments payable pursuant to this Agreement shall first be offset by the Tax Benefit Payment for the Taxable Year in which the Determination is made, as reasonably estimated by the Corporation.

  • The right of the Administrative Member to reduce the amount of distributions otherwise payable to Five Point or LNR will not affect the obligations of Five Point and LNR to make Clawback Payments when they are due, except to the extent distributions are actually reduced and applied against Clawback Payments.

  • Restricted Burdened Gas Buyout Amounts shall be creditable in dollars against Clawback Payments for the year in which the Restricted Burdened Gas Buyout Amount is paid or, if not utilized in full in such year, carried forward and credited against future Clawback Payments until utilized in full.

  • If following the payment of any Cash Compensation to Participant, Clawback Payments that have not been deducted prior to such payment in accordance with the foregoing are paid by or on behalf of CT-F2, Participant agrees and undertakes to refund and pay to CT-F2 the portion of the Cash Compensation that would have not been earned and paid to Participant had the Clawback Payments been deducted from Carried Interest Distributions prior to the payment thereof to Participant.

  • If following the payment of any Cash Compensation to Participant, Clawback Payments that have not been deducted prior to such payment in accordance with the foregoing are paid by or on behalf of CTIMCO, Participant agrees and undertakes to refund and pay to CTIMCO the portion of the Cash Compensation that would have not been earned and paid to Participant had the Clawback Payments been deducted from Incentive Management Fees prior to the payment thereof to Participant.

  • Notwithstanding any other provision of this Agreement to the contrary, if the sum of (1) all Cumulative Restricted Gas Buyout Amounts and (2) all Clawback Payments equals or exceeds $24,225,000, Seller may dispose of any properties and the Gas producible therefrom without restriction pursuant to this Agreement, and without further obligation to pay Clawback Payments.

  • Clawback Payments: The Medicare Modernization Act (MMA) of 2003 enacted prescription drug coverage for Medicare recipients, known as Medicare Part D.

  • On the south side of the 1000 block, an existing shopping center presents an opportunity to infill its parking lot, moving the recessed portion of the building towards the street.

  • Notwithstanding any other provision of this Agreement to the contrary, if the sum of (1) all Cumulative Restricted Gas Buyout Amounts and (2) all Clawback Payments equals or exceeds $18,275,000, Seller may dispose of any properties and the Gas producible therefrom without restriction pursuant to this Agreement, and without further obligation to pay Clawback Payments.


More Definitions of Clawback Payments

Clawback Payments means any payments made, directly or indirectly, by any CT Distributee on the account of any Over-Distribution pursuant to Section 14.2 of the LP Agreement.
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Clawback Payments means any payment made, directly or indirectly, by CTIMCO on the account of any Over-Payment pursuant to Section 2.3 of the Management Agreement.
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Related to Clawback Payments

  • Clawback Amount has the meaning set forth in Section 6.05.

  • Clawback Period means, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the Restatement Date (as defined below), and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years.

  • Clawback Policy is defined in Section 14.

  • Clawback means the obligation to repay amounts to a Member of the CFG Group by an individual in accordance with rule 4 as the Committee considers appropriate;

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Bonus Payments means that portion of the bonus payments received by the

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Other Stock or Cash Based Awards means cash awards, awards of Shares, and other awards valued wholly or partially by referring to, or are otherwise based on, Shares or other property.

  • Other Cash-Based Award means an Award granted pursuant to Section 10.3 of the Plan and payable in cash at such time or times and subject to such terms and conditions as determined by the Committee in its sole discretion.