Vested Partnership Points definition

Vested Partnership Points means, at any time and with respect to any Partner, the number of Partnership Points held by such Partner which have vested at such time, as determined pursuant to an agreement between the Partnership and such Partner in connection with the issuance of such Partnership Points. The number of Vested Partnership Points held by each Partner and the vesting schedule with respect to any Partnership Points which are not vested, shall be indicated on Schedule A hereto, which Schedule shall be updated by the General Partner as additional Partnership Points are issued and/or vest from time to time.
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Vested Partnership Points means, at any time and with respect to any Partner, the number of Partnership Points held by such Partner which have vested at such time, as determined pursuant to an agreement between the Partnership and such Partner in connection with the issuance of such Partnership Points. The number of Vested Partnership Points held by each Partner and the vesting schedule with respect to any Partnership Points which are not vested, shall be indicated on Schedule A hereto, which Schedule shall be updated by the General Partner as additional Partnership Points are issued and/or vest from time to time. In addition to the foregoing, other capitalized terms used in this Agreement shall have the meaning ascribed thereto in the text of this Agreement.
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Examples of Vested Partnership Points in a sentence

  • For purposes of this Section 3.9(c)(i), the term Median Number of Limited Partners' Vested Partnership Points shall mean that number of Vested Partnership Points as is equal to the median number of Vested Partnership Points then held by the Limited Partners (e.g., if there are five Limited Partners with 5, 2, 2, 2 and 1 Vested Partnership Points, the "median number" of Vested Partnership Points is 2 for all purposes hereof).

  • Any Hurdle Points (or fractions thereof) that terminate unvested in accordance with Section 3.8(a) or otherwise fail to become Vested Partnership Points and terminate in accordance with their terms may be reissued by the CEO in his sole discretion, PROVIDED that such Hurdle Points shall remain Hurdle Points hereunder and shall remain subject to the provisions of Section 6.5(e) and this paragraph (c).

  • By:/s/ Michxxx Xxxxxxx --------------------------------- Name: Michxxx Xxxxxxx Title: President 5 EXHIBIT A ATTACHED TO AND MADE A PART OF THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF SKYLINE ASSET MANAGEMENT, L.P. PARTNERSHIP POINTS ----------- Vested Partnership Points Issued to General Partner: Affiliated Managers Group, Inc.

  • The terms and conditions pursuant to which Hurdle Points shall become Vested Partnership Points shall be determined in the discretion of the CEO for the purposes of providing performance incentives to the persons receiving such Hurdle Points (or persons by whom they are controlled), and may be reviewed by the CEO annually for the purposes of making adjustments thereto.

Related to Vested Partnership Points

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • GP means Gottbetter & Partners, LLP.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it pursuant to Section 5.2), the General Partner (with respect to the Incentive Distribution Rights) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Operating Partnership has the meaning set forth in the preamble.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • Defaulting Limited Partner means a Limited Partner that has failed to pay any amount owed to the Partnership under a Partnership Loan within 15 days after demand for payment thereof is made by the Partnership.

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.