Holdback Percentage definition

Holdback Percentage has the meaning set forth in Section 4.1(d)(i).

Holdback Percentage means the quotient, expressed as a percentage, obtained by dividing $25,000,000 by the Distributable Equity Value.

Holdback Percentage of a Partner means the designated percentage of the Carried Interest Proceeds allocated to such Partner, which shall initially be as set forth in such Partner’s Terms Letter.

Examples of Holdback Percentage in a sentence

• The General Partner may not increase the Holdback Percentage of any Partner Category beyond 24% unless such increase applies equally to all Partner Categories.

• Any increase in the Holdback Percentage for any Partner shall apply only to distributions relating to Carried Interest made after the date of such increase.

• Any reduction in the Holdback Percentage for any Partner shall apply only to distributions relating to Carried Interest made after the date of such reduction.

• The General Partner may not increase the Retaining Withdrawn Partners’ Holdback Percentage beyond 21% unless the General Partner concurrently increases the Existing Partners’ Holdback Percentage to 21%.

• The General Partner may not increase the Deceased Partners’ Holdback Percentage beyond 24% unless the General Partner increases the Holdback Percentage for both Existing Partners and Retaining Withdrawn Partners to 24%.

More Definitions of Holdback Percentage

Holdback Percentage means the quotient obtained by dividing the Holdback Amount by the Original Price, expressed as a decimal;

Holdback Percentage means, with respect to each Holdback Participant, the percentage set forth for such participant on Schedule I attached hereto.

Holdback Percentage means, with respect to any Non-Dissenting Holder, the percentage corresponding to a fraction having (i) a numerator equal to the portion of the Aggregate Non-Dissenting Residual Amount attributable to shares of Company Capital Stock held by such Non-Dissenting Holder, and (ii) a denominator equal to the Aggregate Non-Dissenting Residual Amount.

Holdback Percentage means (a) with respect to the Sheffield Project, ***** and (b) with respect to the Steel Winds II Project, *****.

Holdback Percentage. The percentage corresponding to a fraction, (a) the numerator of which is equal to the sum of the Holdback Amount and the Stockholder Representative Expense Fund and (b) the denominator of which is equal to the Merger Consideration.

Holdback Percentage means a fraction, the numerator of which is the sum of (i) the vested Oxygen Common Interests plus (ii) the Oxygen Common Interests issuable upon exercise of In-the Money Oxygen Options plus (iii) the Oxygen Interest Awards, in each case held by such Oxygen Holder immediately prior to the Effective Time, and the denominator of which, is the sum of (i) all vested Oxygen Common Interests plus (ii) all Common Interests issuable upon exercise of In-the Money Oxygen Options plus (iii) all Oxygen Interest Awards, in each case outstanding immediately prior to the Effective Time.

Holdback Percentage shall have the meaning as specified in Section 2.2 (c).