General Partner Distribution definition

General Partner Distribution has the meaning assigned to such term in the recitals.
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General Partner Distribution means (a) with respect to any Payment Date in January 2020 or earlier, $0, (b) with respect to each Payment Date from (and including) the Payment Date in February 2020, $333,333.33 until the date the audited financial statements of the Partnership and its Subsidiaries are issued for the fiscal year ending December 31, 2020, and (c) with respect to any Payment Date commencing from and after the date the audited financial statements of the Partnership and its Subsidiaries are issued for the fiscal year ending December 31, 2020, the Minimum General Partner Distribution. GPM PETROLEUM LP THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP EXHIBIT A-12
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Examples of General Partner Distribution in a sentence

  • The tax rates and tax laws used to compute these amounts are those that are enacted or substantively enacted, at the reporting date in the countries where the Company operates and generates taxable income.

  • It could be more requirements of the transparency belonged to large shareholders’ transactions or increase the independent directors.The duality has a negative impact on firm performance.

  • Notwithstanding any contrary provision of this Agreement, if the General Partner is removed as general partner of the Partnership under circumstances where Cause does not exist and all the Limited Partnership Interests held by the General Partner and its Affiliates are not voted in favor of such removal, then the General Partner shall have the right to convert its General Partner Interest and its General Partner Distribution Rights into BUCs or receive cash in exchange therefor from the Partnership.

  • The Management Fee Related Bonus Pool calculation for 2011 includes the General Partner Distribution on the Company’s co-investment.

  • The Parties acknowledge (a) the payment by the Partnership of transaction expenses in the amount of approximately $3,500,000 (excluding the underwriting discounts and the Structuring Fee); (b) the distribution to the General Partner of the General Partner Distribution and to Marketing LLC of the Marketing Distribution; (c) the retirement of the Existing Credit Agreement Debt; and (d) the replacement of certain of the working capital distributed to Marketing LLC in the form of the Accounts Receivable.

  • The Parties acknowledge (a) the payment by the Partnership of transaction expenses in the amount of approximately $[ ] (excluding the underwriting discounts and the Structuring Fee); (b) the distribution to the General Partner of the General Partner Distribution and to Marketing LLC of the Marketing Distribution; (c) the retirement of the Existing Credit Agreement Debt; and (d) the replacement of the working capital lost in the distribution of Accounts Receivable to Marketing LLC.

  • FEES AND EXPENSES 17 7.1 General Partner Distribution 17 7.2 Performance Fee 17 7.3 Organizational Expenses 17 7.4 Fund Expenses 18 8.

Related to General Partner Distribution

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • General Partner has the meaning set forth in the Preamble.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Distributor / Distribution Company means Company(ies), Firm(s), Sole Proprietorship concern(s), individual(s), Banks or any other Financial Institution appointed by the Management Company under intimation to the Trustee for performing any or all of the Distribution Functions and who are registered with MUFAP as Registered Service Providers. The Management Company may itself also performs the Distribution Function.

  • General Partners means all such Persons.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Rollover Distribution shall be defined as set forth in Section 5.05, herein."

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.

  • Surviving General Partner has the meaning set forth in Section 11.2(d)(i)(A).

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Power Transfer Distribution Factor or “PTDF” shall mean a measure of the responsiveness or change in electrical loadings on Transmission Facilities due to a change in electric power transfer from one area to another, expressed in percent (up to 100%) of the change in power transfer in the pre-contingency configuration of a system under study.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Local Distribution Company or “LDC” means a Person licensed by the OEB as a “Distributor” in connection with a Distribution System.

  • Beer distributor means a person who buys beer from a domestic

  • Preferred Member means a Member holding Preferred Units.