Incentive Distribution definition

Incentive Distribution means any performance-based dividend, distribution or other profit entitlement but, for greater certainty, does not include Service Agreement Fees or Creditable Operating Entity Payments;

Incentive Distribution means any performance-based carried interest, dividend, distribution or other profit entitlement but, for greater certainty, does not include Service Agreement Fees or Creditable Operating Entity Payment (as such terms are defined in the Master Services Agreement);

Incentive Distribution means any amount of cash distributed to the General Partner, in its capacity as general partner of the Partnership, pursuant to Section 5.5(a) which exceeds an amount equal to 2.0% of the aggregate amount of cash then being distributed pursuant to such provisions.1

Examples of Incentive Distribution in a sentence

• The General Partner or any other holder of Incentive Distribution Rights may transfer any or all of its Incentive Distribution Rights without the approval of any Limited Partner or any other Person.

• If at the time of any IDR Reset Election the General Partner and its Affiliates are not the holders of a majority in interest of the Incentive Distribution Rights, then the IDR Reset Election shall be subject to the prior written concurrence of the General Partner that the conditions described in the immediately preceding sentence have been satisfied.

• The initial Capital Account attributable to the Incentive Distribution Rights shall be zero.

• Notwithstanding anything herein to the contrary, no transfer of Incentive Distribution Rights to another Person shall be permitted unless the transferee agrees to be bound by the provisions of this Agreement.

• In making its determination, such third independent investment banking firm or other independent expert may consider the then current trading price of Units on any National Securities Exchange on which Units are then listed or admitted to trading, the value of the Partnership’s assets, the rights and obligations of the Departing General Partner, the value of the Incentive Distribution Rights and the General Partner Interest and other factors it may deem relevant.

More Definitions of Incentive Distribution

Incentive Distribution has the meaning set forth in Section 5.02 hereof.

Incentive Distribution means any performance-based dividend, distribution or other profit entitlement;

Incentive Distribution means the distribution payable to holders of Special LP Units as described under “Related Party Transactions-Incentive Distributions”;

Incentive Distribution means any amount of cash distributed to the Special Limited Partners, pursuant to Section 5.4.

Incentive Distribution means the incentive allocation and distribution received by the Manager pursuant to the Partnership Agreement.

Incentive Distribution means any amount of cash distributed to the General Partner, in its capacity as general partner of the Partnership, pursuant to Sections 5.4(c), 5.4(d) or 5.4(e) that exceeds that amount equal to 1% of the aggregate amount of cash then being distributed pursuant to such provisions.

Incentive Distribution means any amount of cash distributed to the General Partner, in its capacity as general partner of the Partnership, pursuant to paragraphs (e), (f) and (g) of Section 5.4 and paragraphs (a)(v)-(vii), and (b)(v)-(vii) of Section 5.5 which exceeds an amount equal to 1.0% of the aggregate amount of cash then being distributed pursuant to each such provision.