Incentive Interest definition

Incentive Interest means the Fund's share in the Increase in Value of a property securing a Mortgage Loan and shall be payable in connection with Mortgage Loans secured by Real Estate not held for sale in the ordinary course of business.
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Incentive Interest is defined in Section 8.4(b) hereof.
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Incentive Interest has the meaning set forth in Section 5.3(i).
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Examples of Incentive Interest in a sentence

  • For the avoidance of doubt, the Incentive Interest Threshold will not be reset at zero on the date of any Refinancing.

  • No payments shall be made with respect to any Nonvested Interest in an Incentive Interest following the effective date of termination of this Plan.

  • Effective as of ________________, 200__, EIP hereby awards to Participant an Incentive Interest (the "Subject Interest") in the Investment Pool relating to the Fund established under the Plan with respect to the [name of partnership] (the “Subject Fund”) equal to _____%.

  • The equity offering is being referenced herein solely for purposes of an Investor in the trust deed financing related investment set forth herein understanding the Co-Ownership Investment equity offering by TBH19, LLC and the possible Additional Incentive Interest Amount the Investor herein may receive as outlined herein.

  • Worst case: No Incentive, Interest = 6%, NG price +3%/yr Conclusions from the cost-effectiveness sensitivity analysis 1.

  • Further, no amounts shall thereafter be payable under this Plan with respect to a Participant's Nonvested Interest in such Incentive Interest.

  • The Incentive Interest was an amount of money calculated as 0.50 per cent of the residual equity value of Austar.

  • Subject to the remaining provisions of this Article, the Participant shall receive one cash payment, as soon as administratively feasible after the Termination Date for the Fund to which such Incentive Interest relates, in an amount equal to the Investment Pool for such Fund as of the Termination Date multiplied by (i) such Incentive Interest, multiplied by (ii) such Participant's Vested Interest with respect to such Incentive Interest.

  • Except as otherwise expressly provided in Section 7.3(c) 7.4(c), 7.4(e) or Section 5.4, a Participant's Vested Interest in an Incentive Interest shall be frozen as of the date such Participant ceases to be employed by EEDC EIP or experiences a Transfer of Employment, and the Vested Interest of such Participant shall not increase after such date(the "Freeze Date").

  • In the event that a Participant's Vested Interest in an Incentive Interest is less than the cumulative interest which would otherwise be used to calculate one or more payments above, the amount, if any, of such payment(s) shall be reduced to reflect only the Vested Interest in such Incentive Interest.


More Definitions of Incentive Interest

Incentive Interest is defined in Section 8.4 (b) hereof.
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Incentive Interest means a fictional overriding royalty which burdens a Company Well for the accounting purposes of the Plan.
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Incentive Interest means, with respect to each Fund, an interest (expressed as a percentage) in the Investment Pool relating to such Fund, which interest is awarded under this Plan pursuant to an Award Agreement for the purpose of measuring and defining the incentive compensation payable under this Plan.
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Related to Incentive Interest

  • Derivative Interest means any derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of the underlying equity increases, including, but not limited to, a long convertible security, a long call option and a short put option position, in each case, regardless of whether (x) such interest conveys any voting rights in such security, (y) such interest is required to be, or is capable of being, settled through delivery of such security or (z) transactions hedge the economic effect of such interest.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Net Profits Interest means an interest in a Producing Property which entitles the holder thereof to a share of the gross revenues from oil and gas production from the Producing Property less all operating, production, development, transportation, transmission and marketing expenses, severance, sales, ad valorem and excise taxes (including the windfall profit tax) attributable to such production.

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Compounded Interest shall have the meaning set forth in Section 4.1.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Interest Option has the meaning given such term in Section 2.5(c).

  • Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.

  • Best available control technology or “BACT” means an emissions limitation, including a visible emissions standard, based on the maximum degree of reduction for each regulated NSR pollutant which would be emitted from any proposed major stationary source or major modification which the reviewing authority, on a case-by-case basis, taking into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combination techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 567—subrules 23.1(2) through 23.1(5) (standards for new stationary sources, federal standards for hazardous air pollutants, and federal emissions guidelines), or federal regulations as set forth in 40 CFR Parts 60, 61 and 63 but not yet adopted by the state. If the department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard or combination thereof may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation and shall provide for compliance by means which achieve equivalent results.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Voting Share Reduction means an acquisition or redemption by the Corporation of Voting Shares which, by reducing the number of Voting Shares outstanding, increases the proportionate number of Voting Shares Beneficially Owned by any Person to 20% or more of the Voting Shares then outstanding; and