Priority Profit Allocation definition

Priority Profit Allocation means a priority share of the net income of the Limited Partnership payable to the General Partner as described under “Information Concerning the Limited Partnership – Executive Compensation and Management Arrangements – Priority Profit Allocation”;
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Priority Profit Allocation has the meaning given to it in Section 3.2. “Priority Profit Distribution” has the meaning given to it in Section 3.2. “Priority Profit Quantum” has the meaning given to it in Section 3.2. “Prohibited Group” has the meaning given to it in Section 7.1(2)(d). “Prohibited Person” has the meaning given to it in Section 7.1(2)(d).
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Examples of Priority Profit Allocation in a sentence

  • Distributions may be made to the General Partner (the “Priority Profit Distribution”) in respect of its established or potential future entitlement to the Priority Profit Allocation, calculated as of the last day of each calendar quarter in an amount equal to 0.67% (2.68% annualized) of the Total Assets as of the last day of the calendar quarter (the “Priority Profit Quantum”).

Related to Priority Profit Allocation

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Reais Allocation Date means, with respect of any Reais Transfer Date, the Business Day which is immediately prior to such Reais Transfer Date.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Curative Allocation means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section 6.1(d)(ix).

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).