Pecuniary Interest definition
Examples of Pecuniary Interest in a sentence
The proceeds from any Exchange by the Senior Manager and/or the other members of his Group, net of all selling expenses (other than selling expenses borne by Apollo pursuant to the Shareholders Agreement), shall be distributed by Holdings to the Senior Manager and/or the other members of his Group, depending on whose Pecuniary Interest in AOG Units was so exchanged.
Any adjustment to the Senior Manager’s Pecuniary Interest in AOG Units pursuant to this Agreement shall be allocated among the members of the Senior Manager’s Group in a manner directed by the Senior Manager or absent such instructions, pro rata among the members of his Group based upon their relative interests in Holdings.
Holdings shall provide the Senior Manager with written notice of any Approved Sale at least ten (10) days prior to the consummation thereof and the Senior Manager shall be obligated to participate in the Approved Sale with respect to the same percentage of his Pecuniary Interest as the Principal Groups collectively are participating with respect to their direct or indirect Pecuniary Interests in such Approved Sale.
Upon the occurrence of an Exchange directed by BRH or any other Limited Partner, BRH’s or such other Limited Partner’s Pecuniary Interest in AOG Units shall be decreased by the number of AOG Units Exchanged.
The definitions of “Cause” and “Disability” in this Agreement are used solely in connection with the vesting and forfeiture of each Principal’s Pecuniary Interest in AOG Units.