Oaktree Operating Group Member definition

Oaktree Operating Group Member means any partnership or other entity that is a part of the Oaktree Operating Group.

Oaktree Operating Group Member means any partnership or other entity that is a part of the Oaktree Operating Group. “Oaktree Operating Group Member Agreement” means the limited partnership agreement or similar document that governs the terms of an Oaktree Operating Group Member, as amended, modified or restated from time to time. “Oaktree Operating Group Unit” means the aggregate of one common unit in each of the Oaktree Operating Group Members, representing a common equity interest in each such entity. “Oaktree Strategy” means (i) the Oaktree Business; (ii) any business or strategy that is included in any business plan shared with Brookfield prior to the Merger Signing Date; and (iii) any additional strategies in any other industries, as have been or may be agreed by the Brookfield Member, for the Oaktree Operating Group to pursue following the Merger Closing Date; provided, that while there may be, at any given time, overlap between the business or strategy of the Company Group and the business or strategy of the Brookfield Member and its affiliates, no business or strategy of any Parent Fiduciary Entity, Brookfield, BAM Ltd. or any of Brookfield’s or BAM Ltd.’s investment funds, portfolio companies or Affiliates (other than the Company, the SubCo, Oaktree Holdings, Ltd. and any of their respective Subsidiaries), as of the date of this Agreement or in the future, shall be deemed to be a part of the Oaktree Strategy. “OCGH” means Oaktree Capital Group Holdings, L.P., a Delaware limited partnership. “OCGH Partnership Agreement” means the Sixth Amended and Restated Limited Partnership Agreement of OCGH, dated as of September 30, 2019, as amended, modified or restated from time to time. “OCGH Partnership Unit” means limited partnership units of OCGH. “OEP” means Oaktree Equity Plan, L.P., a Delaware limited partnership. “Officers” has the meaning assigned to such term in Section 6.19(a).

Oaktree Operating Group Member means any partnership or other entity that is a part of the Oaktree Operating Group. “Oaktree Operating Group Unit” means (i) the aggregate of one common unit in each of the Oaktree Operating Group Members, representing a common equity interest in each such entity and (ii) the aggregate of one Class P Common Unit (and similar unit of the other Oaktree Operating Group Members) in each of the Oaktree Operating Group Members, representing a common equity interest in each such entity, but subject to the Applicable Charge (or similar charge with respect to the other Oaktree Operating Group Members). “Oaktree Strategy” has the meaning set forth in the OCG Operating Agreement.

Examples of Oaktree Operating Group Member in a sentence

• Such connection or connections shall be required to meet intersection sight distance standards specified in the Road Design Manual (see 24VAC30-92-150).

• Each Oaktree Operating Group Member, whether existing or hereafter formed, shall sign a joinder to this Agreement agreeing to comply with Section 6.22 and Section 6.23 at the time it qualifies as an Oaktree Operating Group Member.

• To the extent not reserved for on the consolidated balance sheet of OCG as of the Merger Closing Date, OCGH shall indemnify Brookfield and its Affiliates for the Applicable Percentage of any taxes (other than payroll taxes and other employee-related taxes), including interest and penalties, of the Oaktree Operating Group Member and their Subsidiaries for taxable periods (or portions thereof) ending on or before the Merger Closing Date (the “Tax Indemnity”).

• The Company shall promptly cause each intermediate company between the Company and any Oaktree Operating Group Member (each, an “Intermediate Subsidiary”) to distribute all amounts received from any Oaktree Operating Group Member less any taxes and tax receivable obligations of such Intermediate Subsidiary, following which the Company shall promptly distribute all such amounts less any taxes and tax receivable obligations of the Company to the holders of Class A Units.

• Notwithstanding the foregoing or anything else in this Agreement to the contrary, the sale, assignment, transfer or other disposition by the Brookfield Member, directly or indirectly, of any of its direct or indirect equity interests in the Company or any Oaktree Operating Group Member or any of its direct or indirect interest in the Oaktree Business (x) to an Affiliate of Brookfield or BAM Ltd.

• Notwithstanding anything to the contrary herein, (i) none of the Oaktree Member, the Company, the Company’s Subsidiaries nor any Oaktree Operating Group Member shall be deemed to be an Affiliate of the Brookfield Member, Brookfield, BAM Ltd.