Incentive Distribution Rights definition

Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

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Incentive Distribution Rights has the meaning specified in Section 3.02(a).

Incentive Distribution Rights means a limited partner interest in the Partnership having the rights and obligations specified with respect to Incentive Distribution Rights in the Partnership Agreement (and no other rights otherwise available to or other obligations of a holder of an equity interest in the Partnership).

Examples of Incentive Distribution Rights in a sentence

Notwithstanding anything herein to the contrary, no transfer of Incentive Distribution Rights to another Person shall be permitted unless the transferee agrees to be bound by the provisions of this Agreement.
In making its determination, such third independent investment banking firm or other independent expert may consider the value of the Units, including the then current trading price of Units on any National Securities Exchange on which Units are then listed or admitted to trading, the value of the Partnership’s assets, the rights and obligations of the Departing General Partner, the value of the Incentive Distribution Rights and the General Partner Interest and other factors it may deem relevant.
The General Partner or any other holder of Incentive Distribution Rights may transfer any or all of its Incentive Distribution Rights without Unitholder approval.
Within 10 Business Days after the receipt by the Partnership of such Reset Notice, the Partnership shall deliver a written notice to the holder or holders of the Incentive Distribution Rights of the Partnership’s determination of the Aggregate Quantity of IDR Reset Common Units that each holder of Incentive Distribution Rights will be entitled to receive.
The relative voting power of the Incentive Distribution Rights and the Subordinated Units or Common Units, as applicable, will be set in the same proportion as cumulative cash distributions, if any, in respect of the Incentive Distribution Rights for the four consecutive Quarters prior to the record date for the vote bears to the cumulative cash distributions in respect of such class of Units for such four Quarters.

More Definitions of Incentive Distribution Rights

Incentive Distribution Rights has the meaning ascribed thereto in the MLP Partnership Agreement.

Incentive Distribution Rights has the meaning set forth in the A&R LPA.

Incentive Distribution Rights means the Limited Partner Interests that were outstanding prior to the date of this Agreement having the rights and obligations specified with respect to Incentive Distribution Rights in the Third Restated Agreement, all of which have been cancelled pursuant to this Agreement and the Partnership Restructuring Agreement.

Incentive Distribution Rights or "IDRs" shall mean an "Incentive Distribution Right," as defined in the ENLK Partnership Agreement.

Incentive Distribution Rights means the rights to the Incentive Distributions as set forth in the Partnership Agreement.

Incentive Distribution Rights has the meaning set forth in the LP Agreement.

Incentive Distribution Rights is defined in the MLP Agreement.