Performance Amount definition

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP's Capital Account balance immediately following the revaluation of the Partnership's assets as of such date pursuant to the definitions of "Gross Asset Value" (paragraph (ii) therein) and "Net Income" (paragraph (iii) therein), divided by (b) the Fair Market Value of a REIT Share; and (ii) in the case of an exchange of Performance Units for the REIT Shares Amount, the same number of Performance Units as determined pursuant to subparagraph (i) above.

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Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP's

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to

Examples of Performance Amount in a sentence

• Notwithstanding the foregoing, a PLP shall not have the right to require the Partnership to redeem, and the Partnership may not redeem, (i) a number of Performance Units held by such PLP in excess of the Performance Amount; or (ii) any Performance Units prior to the second anniversary of their issuance.

• Buyer acknowledges that the damages suffered by Seller due to a delay in selling the Property are difficult to determine and that the Specific Performance Amount has been agreed upon, after negotiation, as the parties’ reasonable estimate of such Seller’s damages.

• Notwithstanding the foregoing, a PLP shall not have the right to require the Partnership to redeem, and the Partnership may not redeem, [(i)] a number of Performance Units held by such PLP in excess of the Performance Amount; [or (ii) any Performance Units prior to the second anniversary of their issuance.] Any Redemption shall be exercised pursuant to a Notice of Redemption delivered to the General Partner by the Limited Partner who is exercising the right (the "Tendering Partner").

• If the performance period with respect to an award is a period other than thirty-six (36) months, the calculation of the Pro-Rata Performance Amount will be calculated in a manner similar to the above with the denominator being the number of months in the performance period.

• The Issuers and the Subsidiary Guarantors agree and acknowledge that the excess of the Contractual Performance Amount over the sum of the principal amount of the then outstanding Notes plus accrued and unpaid interest (the “Liquidated Damages Amount”) constitutes liquidated damages and not unmatured interest or a penalty, and the actual amount of damages to the Holders as a result of the relevant Event of Default would be impracticable and extremely difficult to ascertain.

More Definitions of Performance Amount

Performance Amount means, with respect to each Incentive Allocation Period for each Limited Partner, an amount equal to: (i) the Unit Price as of the end of such Incentive Allocation Period multiplied by the number of Units held by such Limited Partner as of the end of such Incentive Allocation Period (before giving effect to the Incentive Allocation and any corresponding adjustment in Units as of the end of such Incentive Allocation Period), plus (ii) the aggregate amount distributed to or deemed distributed to such Limited Partner during such Incentive Allocation Period or to the General Partner as a Tax Distribution with respect to such Limited Partner during such Incentive Allocation Period (provided that, to avoid double-counting, any future increases in distributions to such Limited Partner or increases in the value of the Units held by such Limited Partner resulting from the application of such Tax Distribution to reduce future Incentive Allocations shall be excluded from calculations of such Limited Partner’s Performance Amount) minus (iii) the Unit Price as of the beginning of such Incentive Allocation Period multiplied by the number of Units held by such Limited Partner as of the beginning of such Incentive Allocation Period, minus (iv) the aggregate amount of Capital Contributions (including deemed Capital Contributions, as provided herein) made by such Limited Partner during such Incentive Allocation Period.

Performance Amount means, with respect to each Incentive Allocation Period, calculated separately for the aggregate Units of a Limited Partner issued in respect of the aggregate Capital Contributions made by such Limited Partner with respect to each Commitment of each Limited Partner or, in the case of a Feeder Fund, each separate portion of such Feeder Fund’s Units, the following amount: (a) such Limited Partner’s proportionate share of the Ending Value in respect of such Units minus (b) such Limited Partner’s proportionate share of the Beginning Value in respect of such Units; provided that for greater certainty, a Limited Partner’s Performance Amount shall take into account any partial redemptions by such Limited Partner with respect to such Units in accordance with Section 5.03(c). For the avoidance of doubt, the Performance Amount shall appropriately take into account (x) the aggregate amount and timing of all Capital Contributions (recorded as of the date they are due) made by such Limited Partner and (y) the aggregate amount and timing of distributions proceeds, if any, distributed with respect to such Limited Partner over the applicable Incentive Allocation Period that were not made to such Limited Partner in connection with the redemption of Units and not otherwise previously treated as a partial redemption for purposes of calculating the Incentive Allocation in respect of such Units for a prior Incentive Allocation Period.

Performance Amount means $600,000 multiplied by the sum of the Performance Expense Multiplier and the Performance Revenue Multiplier (which Performance Amount represents the aggregate variable portion of the purchase price for the Company Shares);

Performance Amount means, with respect to a PLP on a specified date, (i) in the case of a Redemption, a number of Performance Units equal to (a) the amount of such PLP’s Capital Account balance immediately following the revaluation of the Partnership’s assets as of such date pursuant to the definitions of “Gross Asset Value” (paragraph

Performance Amount means any amount required to be paid pursuant to Article 10.

Performance Amount has the meaning set forth in Section 2.5(a)(i).

Performance Amount means the aggregate sum of the then-current (i) CMLTI ▇▇-▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇) BSARM ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (▇▇▇) BSARM 2005-09 Performance Amount, and (iv) MLMI 2005-A9 Performance Amount