Participating Partners definition
Examples of Participating Partners in a sentence
Upon such determination, an amount equal to the Loss Amount for each Carry Participating Partner shall be distributed to the Carry Participating Partners in such subsequent Fund Investment to the extent necessary to permit such Carry Participating Partners to receive the Carried Interest distributions that would have been distributed to them in the absence of any Notional Loss Amount; provided that such distribution will not exceed the Gain Amount for such Carry Participating Partner at such time.
Notwithstanding the foregoing, the General Partner may cause amounts held in the Segregated Account of any Carry Participating Partner to be distributed to such Carry Participating Partner if the General Partner determines, in its discretion, that such amounts are not required in order for such Carry Participating Partner to meet such Carry Participating Partner's payment obligations under this Section 6.07.
Each Carry Participating Partner shall be entitled to receive, with respect to funds held in such Carry Participating Partner's Segregated Account, income from the temporary investment of such funds for the period such funds are held by the Partnership until such time such funds are distributed pursuant to this Section 6.07.
Each Party agrees that any dissemination activity (including publications, presentations or contributions to any standards organisation) by the Selected Third Party is subject to the prior written approval of the other Participating Partners.
At any time, (i) the balance in any Carry Participating Partner's Gain Account shall be such Carry Participating Partner's "GAIN AMOUNT" and (ii) the balance in any Carry Participating Partner's Loss Account shall be such Carry Participating Partner's "LOSS AMOUNT".