Discretionary Basket definition

Discretionary Basket has the meaning assigned to it in Section 6(c) hereof.
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Examples of Discretionary Basket in a sentence

  • If any Discretionary Reserved Funds are not used as part of the Discretionary Basket during the Reserve Period, such Discretionary Reserved Funds shall cease to be reserved for purposes of the Discretionary Basket.

  • The Discretionary Basket shall also not be subject to the Distribution Holiday.

  • For the avoidance of doubt, other than Excess RSU Settlements, the Company and Operating Partnerships shall not use the Discretionary Basket to fund new compensation arrangements for employees.

  • Notwithstanding anything to the contrary contained in Sections 7.2.1(v), 7.2.1(vii), 7.2.1(x), 7.2.7(vii), 7.2.12, and clauses (xi) and (xii) of the definition of Permitted Investments and clause (x) of the definition of Permitted Liens, the aggregate amount that can be expended, incurred, assumed, loaned, advanced, secured, invested, or sold, as the case may be, by the Loan Parties and all other Subsidiaries of the Loan Parties under such provisions, shall not exceed the Discretionary Basket.

  • To the extent any cash is paid in connection with the settlement of RSUs issued in excess of the Permitted RSU Settlements (as defined in the Unit Designations), such amount will count toward the $50 million Discretionary Basket (as defined in the Unit Designations) contemplated in Section 6(c) of the Unit Designations.

  • To the extent any cash is paid in connection with the settlement of RSUs in excess of the Permitted RSU Settlements (as defined in the Unit Designations), such amount will count toward the $50 million Discretionary Basket (as defined in the Unit Designations) contemplated in Section 6(c) of the Unit Designations and the $25 million limitation with respect to Permitted Stock Buybacks (as defined in the Unit Designations).

Related to Discretionary Basket

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Discretionary Assets means (i) securities that, if distributed, would be required to be registered under the Securities Act of 1933, as amended; (ii) securities issued by entities in countries that (A) restrict or prohibit the holding of securities by non-nationals other than through qualified investment vehicles, or (B) permit transfers of ownership of securities to be effected only by transactions conducted on a local stock exchange; and (iii) any assets that, although they may be liquid and marketable, must be traded through the marketplace or with the counterparty to the transaction in order to effect a change in beneficial ownership."

  • Discretionary Sale The meaning specified in Section 2.14(c).

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.