No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental results.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Pzena Investment Management, Inc.), Tax Receivable Agreement (Turner Investments, Inc.), Tax Receivable Agreement (Pzena Investment Management, Inc.)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 8590% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Truett-Hurst, Inc.), Tax Receivable Agreement (Truett-Hurst, Inc.), Tax Receivable Agreement (Truett-Hurst, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85provide that 100% of the Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being be paid to the Members Limited Partner pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 3 contracts
Samples: Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the CorporationINC’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereonthereon (if any), being paid to the Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Reit Management & Research Inc.), Tax Receivable Agreement (RMR Group Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members pursuant to this Agreement. The provisions Agreement upon and subject to the satisfaction of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsPayment Conditions.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Manning & Napier, Inc.), Tax Receivable Agreement (Manning & Napier, Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the each Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to the Members TRA Holders pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 2 contracts
Samples: Form of Tax Receivable Agreement (Ares Management Lp), Tax Receivable Agreement (Ares Management Lp)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Athlon Energy Inc.), Tax Receivable Agreement (Athlon Energy Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 8590% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Purchase and Contribution Agreement (Skilled Healthcare Group, Inc.), Tax Receivable Agreement (Genesis Healthcare, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement Agreement, subject to Article 4 and Section 7.14, will result in an amount equal to 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, Benefit being paid over to the Members pursuant to this AgreementMembers. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsensure such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Red Rock Resorts, Inc.), Tax Receivable Agreement (Red Rock Resorts, Inc.)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members applicable Exchanging TRA Member pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Ladder Capital Finance Holdings LLLP), Tax Receivable Agreement (Ladder Capital Corp)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the each Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to the Members Limited Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsas such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Oaktree Capital Group, LLC), Tax Receivable Agreement (Oaktree Capital Group, LLC)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the CorporationCorporate Taxpayer’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to the Members Limited Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsas such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Blackstone Group Inc), Tax Receivable Agreement (Blackstone Group L.P.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax BenefitBenefits of the Company Group, and the Interest Amount Ticker Amounts thereon, being paid to the Members Shareholder pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Birkenstock Holding LTD), Tax Receivable Agreement (Birkenstock Holding PLC)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax BenefitBenefit for each Exchange, and the Interest Amount thereon, being paid to the Applicable Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Pennymac Financial Services, Inc.), Tax Receivable Agreement (Pennymac Financial Services, Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being be paid to the Members Existing Stockholders pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Graham Packaging Co Inc.), Income Tax Receivable Agreement (Graham Packaging Co Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the Corporation’s Cumulative Net 's Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to the Members Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsas such intentions are realized.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Fortress Investment Group Holdings LLC), Amended And (Fortress Investment Group LLC)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being be paid to the Members Xxxxxx Family Entities pursuant to this Agreement, and that with respect to any Taxable Year, the Corporation will not make payments pursuant to the Tax Receivable Agreements exceeding 85% of the Overall Realized Tax Benefit. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 2 contracts
Samples: Income Tax Receivable Agreement (Graham Packaging Co Inc.), Tax Receivable Agreement (Graham Packaging Co Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the CorporationCompany’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members Limited Partners pursuant to this Agreement. The provisions Agreement upon and subject to the satisfaction of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsPayment Conditions.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Silvercrest Asset Management Group Inc.), Tax Receivable Agreement (Silvercrest Asset Management Group Inc.)
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of the each Corporation’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to OCGH on behalf of the Members Limited Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsas such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Oaktree Capital Group, LLC)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement Agreement, subject to Article 4 and Section 7.14, will result in an amount equal to (i) 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and Benefit less (ii) the Interest Amount thereon, Administrative Expense being paid to by the Members pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsensure such intentions are realized.
Appears in 1 contract
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members Principals pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Fifth Street Asset Management Inc.)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members Principals (including their Affiliates) pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsso that such intentions are realized.
Appears in 1 contract
Samples: Tax Receivable Agreement (Fifth Street Asset Management Inc.)
No Duplicative Payments. It Notwithstanding anything in this Agreement to the contrary, it is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax Benefit, and the Interest Amount thereon, being paid to the Members Limited Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 1 contract
Samples: Tax Receivable Agreement (Silver Run Acquisition Corp II)
No Duplicative Payments. It is intended that the provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in 85% of the Corporation’s Cumulative Net Realized Tax BenefitBenefits of the Company Group, and the Interest Amount Ticker Amounts thereon, being paid to the Members Shareholders pursuant to this Agreement and the Contribution Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve so that these fundamental resultsresults are achieved.
Appears in 1 contract
No Duplicative Payments. It is intended that the above provisions of this Agreement will not result in duplicative payment of any amount (including interest) required under this Agreement. It is also intended that the provisions of this Agreement will result in provide that 85% of each of the CorporationCorporate Taxpayer’s Cumulative Net Realized Tax Benefit, Benefit and the Interest Amount thereon, being is paid to the Members Limited Partners pursuant to this Agreement. The provisions of this Agreement shall be construed in the appropriate manner to achieve these fundamental resultsas such intentions are realized.
Appears in 1 contract
