Clawback Obligation definition

Clawback Obligation has the meaning set forth in Section 4.4.

Clawback Obligation has the meaning set forth in Section 13.01.

Clawback Obligation means any obligation to make a payment in respect of a so-called “clawback” of Carried Interest in accordance with the applicable TPG Fund’s fund documentation, including any so-called interim “clawback” or, to extent related to the Carried Interest, any “LP clawback” or “all Partner clawback”.

Examples of Clawback Obligation in a sentence

• The foregoing is not intended to affect the sharing and allocation of any expense related to a Clawback Obligation or other expenses charged generally to participants in the Carried Interest.

• This Claw-back Obligation which the parties negotiated demonstrates that they anticipated there was the potential risk that BLMIS or Broad Market Fund could end up in bankruptcy and that Fortis Fund Bank could conceivably be sued in a claw-back action just like this very one to recover funds Defendants received in connection with its investment in Broad Market Fund.

• The exchange-rate quotes corresponding to the orders in the bank’s record book are from Reuters.

• For clarity, the General Partner’s discretion is limited to accelerating the date for payment of the Clawback Obligation to a date that is earlier than the Fund’s dissolution; this discretion does not extend to adjusting the amount of the Clawback Obligation or deferring any payment to a date following the dissolution of the Fund.

• General Partner Clawback Obligation: Upon the liquidation of the Fund, the General Partner will be required to restore funds to the Partnership to the extent that it has received cumulative distributions in excess of amounts otherwise distributable to its pursuant to the distribution formula set forth above, applied on an aggregate basis covering all Partnership investments, but no event more than the cumulative distributions received by the General Partner solely in respect of its carried interest.

More Definitions of Clawback Obligation

Clawback Obligation has the meaning set forth in Section 6(d) hereof.

Clawback Obligation. As defined in Section 9.4(a). Closing: The initial closing of Capital Commitments to the Partnership occurring on the Closing Date. The minimum amount of Capital Commitments required for the Closing is $100 million. Closing Date: January __, 2009.

Clawback Obligation has the meaning given such term in the Sponsor Agreement.

Clawback Obligation is defined in Section 6.2(b).

Clawback Obligation means an obligation on the part of the Company or the Managing Member, pursuant to the Fund Agreement, to make a payment to the Fund or its investors in respect of a clawback of the related Carried Interest.

Clawback Obligation means, at any date, any obligation (a "clawback obligation") of any MGM/Orion Company constituting a Guarantee of the obligations of any Person incurred by such Person in connection with the development, production, financing, acquisition, distribution and exploitation of any Film or slate or group of Films or any Film Related Asset, or in accordance with any Licensing Agreement, the amount of which clawback obligation does not exceed the amount of distributions or other payments received by such MGM/Orion Company from such Person with respect to such Film or slate or group of Films or Film Related Asset or Licensing Agreement.

Clawback Obligation means, any and all Losses arising by operation of any “limited partner clawback”, “all partner clawback”, “carried interest clawback” or similar obligation to return, repay or contribute distributions of or distributions attributable to Acquired Pre-2016 Carry or the Funded GP Interests (whether effected by repayment, drawdown, deduction from any capital account, set-off against any subsequent distribution or otherwise), pursuant to the applicable Portfolio Property Agreements or under applicable Law which obligation relates to a distribution of Acquired Pre-2016 Carry made to Seller (or any prior holder of such asset) on or prior to the Closing Date, provided that any such obligation relating to distributions of Acquired Pre-2016 Carry made to Seller (or any prior holder of the assets forming the subject of the Acquired Pre-2016 Carry) on or prior to the Effective Date shall only be deemed to be a Clawback Obligation if and to the extent that the amount of such Acquired Pre-2016 Carry required to be returned, repaid or contributed (however effected) from time to time after the Effective Date exceeds $3 million.