Incentive Allocation Account definition

Incentive Allocation Account means an account established and maintained on behalf of the Adviser, solely for the purpose of being allocated the Incentive Allocation, pursuant to Section 5.3(e) hereof, to which amounts are credited under Section 5.7(a) hereof.
Sample 1

Examples of Incentive Allocation Account in a sentence

  • For purposes of determining the Management Fee for any month, Net Assets shall not be reduced to reflect any Management Fee for such month and any accrued Incentive Allocation (as defined in Section 4.05(b)), including any Incentive Allocation that is allocated to the Managing Member's Incentive Allocation Account as of such date, provided that Net Assets shall be reduced for any amounts which have been previously allocated to the Managing Member's Incentive Allocation Account.

  • For purposes of determining the Management Fee for any month, Net Assets shall not be reduced to reflect any Management Fee for such month and any accrued Incentive Allocation (as defined in Section 4.05(b)), including any Incentive Allocation that is allocated to the Managing Member’s Incentive Allocation Account as of such date, provided that Net Assets shall be reduced for any amounts which have been previously allocated to the Managing Member’s Incentive Allocation Account.

  • After the close of an allocation period with respect to a Member, and subject to certain limitations, the Adviser may withdraw up to 95% of the Incentive Allocation, computed on the basis of unaudited data, that was credited to its Incentive Allocation Account with respect to such allocation period.

  • The Interest of the Adviser (or any Affiliate designated as its successor in such capacity) in the Fund in the HCIM Incentive Allocation Account shall terminate if the Investment Management Agreement terminates and the Master Fund or the Fund does not enter into a new investment management agreement with the Adviser or one of its Affiliates, effective as of the date of such termination.

  • An Incentive Allocation shall be made upon the termination of the Sub-Adviser’s (or any Affiliate of the Sub-Adviser designated as its successor in such capacity) Interest in the Fund in the Capvent Incentive Allocation Account, provided, however, that no Incentive Allocation will be payable at such time if the Sub-advisory Agreement is terminated voluntarily by the Sub-Adviser (or any applicable Affiliate), or by the Board of Managers of the Master Fund due to gross negligence or willful misconduct.

  • The Interest of the Adviser in the HCIM Incentive Allocation Account shall be non-voting.

  • The Interest of the Adviser in the Incentive Allocation Account shall be non-voting.

  • The Adviser (or any Person designated directly or indirectly as a successor in such capacity) may not Transfer its Interest in the Incentive Allocation Account, except to an Affiliate thereof.

  • For purposes of determining the Management Fee for any month, Net Assets shall not be reduced to reflect any Management Fee for such month and any accrued Incentive Allocation (as defined in Section 4.05(b)), including any Incentive Allocation that is allocated to the Managing Member's Incentive Allocation Account as of such time, provided that Net Assets shall be reduced for any amounts which have been previously allocated to the Managing Member's Incentive Allocation Account.

  • As promptly as practicable after the completion of the audit of the books of the Fund for the year in which allocations to the Incentive Allocation Account are made, the Fund shall allocate to the Incentive Allocation Account any additional amount of Incentive Allocation determined to be owed to the Sub-Adviser based on such audit, and the Sub-Adviser shall remit to the Fund any excess amount of Incentive Allocation determined to be owed to the Fund.

Related to Incentive Allocation Account

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.