GP Payments definition

GP Payments means the cash payments required to be made to the General Partner in respect of the GP Interest pursuant to Section 11.5 ("Distribution of Distributable Cash From Operations") and Section 11.6 ("Distributions of Cash From Sales or Refinancings") of the Partnership Agreement.
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Examples of GP Payments in a sentence

  • To the extent GP Payments may not be made in a year due to the foregoing limitations, such GP Payments shall carry over and be treated as arising in the following year.

  • To the extent GP Payments may not be made in a year due to the above limitations, such GP Payments shall carry over and be treated as arising in the following year(s) (subject again to limitation as set forth above in those years), for a maximum of seven years (treating amounts payable as first being paid from the earliest year such amounts were carried over, and the next succeeding years in chronological order).

Related to GP Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Termination Payments has the meaning specified in Section 10(a).

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).