Performance Allocation. The Performance Allocation shall be determined as of the close of each Performance Period and shall be debited against the Capital Account of each Limited Partner as of the last day of each Performance Period with respect to such Limited Partner, and the amount so debited shall be simultaneously credited to the Capital Account of the General Partner.
Appears in 3 contracts
Sources: Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.), Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.), Exempted Limited Partnership Agreement (Greenlight Capital Re, Ltd.)