Incentive Management Interest definition

Incentive Management Interest means an allocation and distribution to be made, subject to the payment of the Limited Partners’ Minimum Return, to the General Partner from the Limited Partnership in an amount equal to 20/80ths of the total to the date of such allocation and distribution of (a) the total payments made to Limited Partners in respect of the Limited Partners’ Minimum Return, and (b) the interest paid on the Debenture Issuer Loan, thereby providing the General Partner with a 20% share of the total of the interest paid on the Debenture Issuer Loan and the amounts allocated and distributed to the Limited Partners by the Limited Partnership up to such date;
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Incentive Management Interest means an allocation and distribution to be made, subject to the payment of the Minimum Return, to Sunstone LLC from the Property LP in an amount equal to 20/80ths of the total payments made to the date of such allocation and distribution to limited partners holding Property LP Units in respect of the Minimum Return, thereby providing Sunstone LLC with a 20% share of the total amounts allocated and distributed to the limited partners and Sunstone LLC by the Property LP up to such date;
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Incentive Management Interest means an allocation and distribution to be made, subject to the payment of the Minimum Return, to the Property GP from the Property LP in an amount equal to 20/80ths of the total payments made to the date of such allocation and distribution to limited partners holding Property LP Units in respect of the Minimum Return, thereby providing the Property GP with a 20% share of the total amounts allocated and distributed to the limited partners and the Property GP by the Property LP up to such date;
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Examples of Incentive Management Interest in a sentence

  • The General Partner is entitled to receive .005% of the net income or net losses of the Limited Partnership to a maximum of $100 per annum plus its Incentive Management Interest.

  • After payment of such amounts, subject to the right of the limited partners holding Property LP Units to receive the Minimum Return and the Property GP’s right to receive the Incentive Management Interest, cash distributions and income of the Property LP will be allocated 80% to the limited partners holding Property LP Units and 20% to the Property GP.

  • In addition, in the event of any capital transaction in respect of the Properties, including a sale or a refinancing of the Properties, the Property GP will be entitled to receive any unpaid Incentive Management Interest only after all of the Net Equity has been returned to the limited partners holding Property LP Units, and the limited partners have received full payment of the Minimum Return (refer to “Description of the Securities Distributed – The Property LP”).

  • Accordingly, Trust Unitholders are entitled, by way of the Trust’s interests in the Investment LP and the Property LP, to the cumulative Minimum Return before any amount is paid to the Property GP on account of the Incentive Management Interest.

  • The net proceeds from a capital transaction, such as a refinancing, sale or expropriation of a Property, or the receipt of insurance proceeds, after payment of current obligations of the Property LP and the retention of reserves and the payment of any Disposition Fees, will be used to pay the outstanding Minimum Return, to repay the limited partners’ Net Equity, and to pay to Sunstone LLC the Incentive Management Interest.

  • As a further incentive to the Agents or any sub-agents, the General Partner has agreed to pay to the Agents an amount equal to 25% of any amounts realized by the General Partner in respect of its Incentive Management Interest.

  • After payment of such amounts, subject to the Limited Partners’ right to receive the Limited Partners’ Minimum Return and the General Partner’s right to receive the Incentive Management Interest, cash distributions and income of the Limited Partnership will be allocated 80% to the Limited Partners and 20% to the General Partner.

  • After payment of such amounts, subject to the right of the limited partners holding Property LP Units to receive the Minimum Return and Sunstone LLC’s right to receive the Incentive Management Interest, cash distributions and income of the Property LP will be allocated 80% to the limited partners holding Property LP Units and 20% to Sunstone LLC.

  • Limited partners holding Property LP Units will be entitled to receive from Distributable Cash a minimum return of 8% per annum, cumulative but not compounded, calculated on their Net Equity in the Property LP (the “Minimum Return”) and, after payment to Sunstone LLC of the Incentive Management Interest, 80% of the balance of Distributable Cash.

  • Accordingly, Trust Unitholders are entitled, by way of the Trust’s interests in the Investment LP and the Property LP, to the cumulative Minimum Return in the Distributable Cash of the Property LP before any amount is paid to Sunstone LLC on account of the Incentive Management Interest.


More Definitions of Incentive Management Interest

Incentive Management Interest means the allocation to be made to the General Partner, which allocation will be equal to 20/80ths of the aggregate of (A) the total payments made to Limited Partners in respect of the Minimum Return and (B) the Debenture Issuer Loan Interest, calculated from the Date of Closing .
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Incentive Management Interest means an allocation and distribution to be made to the Master GP in the manner described under “Description of the Business of the Trust – Distributions of Distributable Cash – The Master LP”;
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Related to Incentive Management Interest

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Adaptive management means reliance on scientific methods to test the results of actions taken so that the management and related policy can be changed promptly and appropriately.

  • Base Management Fee means the base management fee, calculated quarterly in arrears, equal to 25% of the Fee Amount;

  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Issuer or any direct or indirect parent of the Issuer, as applicable, was approved by a vote of a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved and (2) executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • State Management Committee means a Committee comprising representatives from the Confederation of Western Australian Industry, the Trades and Labor Council of Western Australia, Technical and Further Education (TAFE) and the relevant Federal and State Government Departments which approve traineeship arrangements by agreement of each of the parties. The State Management Committee may be established pursuant to the provisions of the Industrial and Commercial Training Act, 1975 or any amendment to or substitution of that Act, provided that any Committee or body established in lieu of the State Management Committee has the same representatives structure and decision making processes as that Committee.

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • Economic development incentive means a financial incentive,

  • Exit Management Date means each of the following:

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Investment Management Fee means each of the Senior Investment Management Fee, the Subordinated Investment Management Fee and the Incentive Investment Management Fee.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.