Performance Participation definition

Performance Participation means the special limited partner’s interest in the Operating Partnership that entitles it to receive an allocation from the Operating Partnership.

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Performance Participation has the meaning provided in Section 5.2(c) hereof.

Performance Participation has the meaning set forth in the Operating Partnership Agreement.

Examples of Performance Participation in a sentence

If the Special Limited Partner elects to receive such distributions in Class I Units, the Special Limited Partner will receive the number of Class I Units that results from dividing the Performance Participation by the NAV per Class I Unit at the time of such distribution.
Distributions on the Performance Participation may be payable in cash or Class I Units at the election of the Special Limited Partner.
The Special Limited Partner will not be obligated to return any portion of the Performance Participation previously distributed due to the subsequent performance of the Partnership.
In the event the Advisory Agreement is terminated (including by means of non-renewal), the Special Limited Partner will be distributed an amount equal to any accrued Performance Participation with respect to all Partnership Units as of the date of such termination.

More Definitions of Performance Participation

Performance Participation means 0.60.

Performance Participation means the performance participation for the Performance Period concerned, calculated in accordance with the provisions of paragraph 3.3.1;