Incentive Allocation Period definition

Incentive Allocation Period means the period beginning on the first day following the last day of the last Incentive Allocation Period (or, initially, the date a Unit was issued) and ending on the last day of each calendar month.

Incentive Allocation Period means the period beginning on the day immediately following the last day of the immediately preceding Incentive Allocation Period and ending on the soonest occurring of the following:

Incentive Allocation Period means, with respect to the Units of each Limited Partner, the following periods: (i) an initial Incentive Allocation Period beginning on the date of such Limited Partner’s first Capital Contribution with respect to its Commitment and ending on the earlier of: (w) any Redemption Date only with respect to such Units being redeemed; (x) the date on which the Partnership terminates; (y) the last calendar day of the Fiscal Year in which such Capital Contribution was made and (z) the date of a current distribution or a Liquidity Event as determined in the General Partner’s discretion pursuant to Section 5.07(b) only with respect to that portion of the Units to which such current distribution or Liquidity Event relates as determined by the General Partner; and (ii) subsequent Incentive Allocation Periods beginning on the first calendar day following the last calendar day of the immediately preceding Incentive Allocation Period and ending on the earlier of: (w) any Redemption Date only with respect to such Units being redeemed; (x) the date on which the Partnership terminates; (y) the last calendar day of each Fiscal Year and (z) the date of a current distribution or a Liquidity Event as determined in the General Partner’s discretion pursuant to Section 5.07(b) only with respect to that portion of the Units to which such current distribution or Liquidity Event relates as determined by the General Partner. If a Limited Partner has more than one Commitment, the aggregate Units issued in respect of its Capital Contributions with respect to each Commitment will have separate Incentive Allocation Periods.

Examples of Incentive Allocation Period in a sentence

• In consideration of the Investor’s status as a Lead Founding Investor, notwithstanding anything to the contrary in the Subscription Agreement or the Partnership Agreement, the General Partner hereby agrees that the Incentive Allocation payable by the Investor with respect to any Incentive Allocation Period shall be reduced by 10% of the amount of the Incentive Allocation otherwise payable by the Investor without the application of this Paragraph 6.

• The General Partner’s Incentive Allocation shall be subject to the amount of each Limited Partner’s Loss Recovery Account from the preceding Incentive Allocation Period.

• Incentive Fees are calculated at the end of each Incentive Allocation Period subject to the High Water Xxxx.

• If this Agreement is terminated on any day other than the last day of an Incentive Allocation Period, such termination day shall be treated as the last day of both the calendar month and the Incentive Allocation Period for purposes of calculating the Management Fee and Incentive Fee, respectively, for that period.

• Furthermore, for purposes of adjusting a Limited Partner’s Loss Recovery Account, any Management Fees paid or accrued with respect to a Limited Partner during an Incentive Allocation Period shall increase the amount of Aggregate Overall Depreciation credited to such Limited Partner’s Loss Recovery Account or decrease the amount of Aggregate Overall Appreciation debited to such Limited Partner’s Loss Recovery Account, as the case may be.

More Definitions of Incentive Allocation Period

Incentive Allocation Period means, with respect to an Interest held by any Limited Partner, the period commencing on the day after the end of the immediately preceding Incentive Allocation Period (or, in respect of the initial Incentive Allocation Period, commencing on the date that the Limited Partner made the Capital Contribution in respect of such Interest) and ending on the immediately following Incentive Allocation Date.

Incentive Allocation Period shall commence, with respect to a Limited Partner, on the date of admission of such Limited Partner and, thereafter, immediately following the close of the preceding Incentive Allocation Period, and will end (i) on the last Business Day of each fiscal year, (ii) with respect to a Limited Partner making a total withdrawal or a partial withdrawal from its Capital Account (with respect to the amount withdrawn), on the Withdrawal Date (as defined in Sec. 4.2(a)), (iii) at the General Partner’s sole discretion, with respect to a Limited Partner transferring all or a portion of its Capital Account (with respect to such transferred amounts), on the date of such transfer, (iv) on the effective date that the General Partner ceases to be the Partnership’s General Partner, and (v) on the date when the Partnership dissolves and/or terminates.

Incentive Allocation Period means, with respect to an Interest held by any Limited Partner, the period commencing on the day after the end of the immediately preceding Incentive Allocation Period (or, in respect of the initial Incentive Allocation Period, commencing on the date that the Limited Partner made the capital contribution in respect of such Interest) and ending on the immediately following Incentive Allocation Date.