Capital Account Limitation definition

Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

Capital Account Limitation has the meaning set forth in Section 4.7.B.

Capital Account Limitation shall have the meaning set forth in Section 8.7.B.

Examples of Capital Account Limitation in a sentence

• For purposes of making future allocations under Section 6.1.E and applying the Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable LTIP Unitholder that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the Class A Unit Economic Balance.

• Notwithstanding the foregoing, in no event may a holder of Vested LTIP Units convert a number of Vested LTIP Units that exceeds the LTIP Unit Capital Account Limitation.

• For purposes of making future allocations under Section 7.4(i) of the Agreement and applying the LTIP Unit Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable holder of LTIP Units that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Unit Economic Balance.

• For purposes of making future allocations under Section 6.1.E hereof and applying the Capital Account Limitation, the portion of the Economic Capital Account Balance of the applicable LTIP Unitholder that is treated as attributable to his or her LTIP Units shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the Class A Unit Economic Balance.

• For purposes of making future allocations under Section 5.01(c)(iv) hereof and applying the Capital Account Limitation, the portion of the LTIP Economic Capital Account Balance of the applicable LTIP Unitholder shall be reduced, as of the date of conversion, by the product of the number of LTIP Units converted and the OP Unit Economic Balance.

More Definitions of Capital Account Limitation

Capital Account Limitation has the meaning provided in Section 4.5(b) hereof.

Capital Account Limitation has the meaning set forth in Section 4.05(b).

Capital Account Limitation has the meaning set forth in Section 16.9.B hereof.

Capital Account Limitation means (x) the Economic Capital Account Balance of such Limited Partner, to the extent attributable to his or her ownership of LTIP Units or Performance Units, as applicable, divided by (y) the Common Unit Economic Balance, in each case as determined as of the effective date of conversion.

Capital Account Limitation has the meaning set forth in Section 7(b) hereof.

Capital Account Limitation has the meaning set forth in Section 4.7.B hereof.

Capital Account Limitation shall have the meaning set forth in Section 7.9(b) hereof.