Participation Threshold definition

Participation Threshold has the meaning set forth in Section 3.6(c).

Participation Threshold has the meaning set forth in Section 3.3(e)(i). “Partnership Audit Rules” has the meaning set forth in Section 12.3(b). “Partnership Representative” has the meaning set forth in Section 12.3(b). “Permitted Persons” has the meaning set forth in Section 11.2(a).

Participation Threshold means, with respect to each outstanding Class B Common Unit, an amount determined, and adjusted from time to time, in accordance with Section 3.5(b).

Examples of Participation Threshold in a sentence

• Passive violations of the Equity Fund Capital Participation Threshold defined above, caused for instance by unrealized changes in the value of the assets of the respective Sub-Fund, do not result in the loss of the tax status of an Equity Fund, if the respective Sub-Fund undertakes immediately after being informed about this violation feasible and reasonable measures to restore the Equity Fund Capital Participation Threshold.

• At the point in time, where the respective Sub-Fund materially violates the investment restrictions defined in this section and hereby falls below the Equity Fund Capital Participation Threshold, the respective Sub-Fund loses its tax classification as an Equity Fund.

• In order to be recognised as Equities for purposes of the Equity Fund Capital Participation Threshold, the Equities need to be owned (“assigned” for German tax purposes) by the relevant Fund (in the case of a securities lending arrangement or swap agreement, for example, the relevant Fund may lose tax ownership of those Equities for German tax purposes if they are subject to such agreements).

• The Participation Threshold with respect to each Executive Incentive Unit is subject to adjustment from time to time as set forth in the LLC Agreement.

• For the purposes herein, the Participation Threshold shall be equal to $ .

More Definitions of Participation Threshold

Participation Threshold has the meaning set forth in the LLC Agreement

Participation Threshold has the meaning given in clause 17.2; PRS has the meaning given in clause 28.1;

Participation Threshold means, with respect to certain outstanding Employee Incentive Units, an amount determined, and adjusted from time to time, in accordance with Section 3.6 hereof.

Participation Threshold means, with respect to each Award, an amount determined, and adjusted from time to time, by the Administrator. A Participant will not be entitled to receive any Distributions in respect of an Award until the Administrator determines in its sole discretion that an amount of value equal to the Participation Threshold has been distributed after the Award’s date of grant in accordance with the terms of the Participant’s Grant Agreement and otherwise satisfies any requirements under this Plan, the Participant’s Grant Agreement and the LLC Agreement. Unless otherwise determined by the Administrator, the Participation Threshold applicable to Awards granted under this Plan will be applied consistently with the Participation Thresholds applicable to the Class B Units issued under the LLC Agreement, taking into consideration any classes, groups and series thereof. Notwithstanding anything to the contrary in this Plan, for purposes of the Class B Units, the term “Participation Threshold” shall not be administered in a manner inconsistent with the terms of the LLC Agreement and the actions of the Manager pursuant thereto. In the event that the Administrator determines that stated Participation Threshold could cause the Class B Units to fail to qualify as profits interests under Rev. Procs. 93-27 and 2001-43 as of the date of their issuance, then the Administrator shall consider in good faith modification or amendment to the Participation Threshold to cause the Class B Units to so qualify.

Participation Threshold with respect to each Issued Interest shall be equal to $ . The Participation Threshold with respect to each Issued Interest is subject to adjustment from time to time as set forth in the LLC Agreement.

Participation Threshold has the meaning set forth in the Holdings LLCA.

Participation Threshold has the meaning given to such term in the OpCo LLC Agreement.