Performance Allocation definition

Performance Allocation has the meaning set forth in Section 5.2(c).
View Source
Performance Allocation shall have the meaning set forth in Section 5.2(c).
View Source
Performance Allocation means the Performance Allocation to which the General Partner is entitled;
View Source

Examples of Performance Allocation in a sentence

  • The Performance Allocation that each Special Limited Partner is entitled to receive at the end of each calendar year will be reduced by the cumulative amount of Quarterly Allocations that year.

  • Distributions on the Performance Allocation may be payable in cash or Class E Units at the election of each Special Limited Partner.

  • The Trust will pay the Adviser a management fee (the “Trust Management Fee”) equal to 1.25% of net asset value for the Class S Shares, Class D Shares and Class I Shares per annum payable monthly, before giving effect to any accruals for the Management Fee, shareholder servicing fees, the Performance Allocation (as defined in the Limited Partnership Agreement of the Operating Partnership, as amended from time to time) or any distributions.

  • In the event the Advisory Agreement is terminated (including by means of non-renewal), each Special Limited Partner will be allocated any accrued Performance Allocation with respect to all Performance Allocation Units as of the date of such termination.

  • On or promptly following the end of each calendar quarter that is not also the end of a calendar year, each Special Limited Partner will be entitled to a Performance Allocation as described above calculated in respect of the portion of the year to date, less any Performance Allocation received with respect to prior quarters in that year (the “Quarterly Allocation”).


More Definitions of Performance Allocation

Performance Allocation means the performance allocation to be received by the Class H Member equal to 12.5% of the Total Return attributable to Investor Shares subject to the Hurdle Amount and a High Water Mark with 100% Catch-Up. Such allocation will be measured and allocated or paid on an annual basis (excluding the initial Reference Period, which will be measured and allocated or paid at the end of the initial Reference Period) and accrued monthly (subject to pro-rating for partial periods) payable either in cash or in Class T Shares. Specifically, promptly following the end of each Reference Period (and at the other times described below), the Class H Member is allocated a Performance Allocation in an amount equal to: • First, if the Total Return for the applicable period exceeds the sum of (i) the Hurdle Amount for that period and (ii) the Loss Carryforward Amount (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount allocated to the Class H Member equals 12.5% of the sum of (x) the Hurdle Amount for that period and (y) any amount allocated to the Class H Member pursuant to this clause (any such amount, the “Catch-Up”); and • Second, to the extent there are remaining Excess Profits, 12.5% of such remaining Excess Profits. The Class H Member will also be allocated a Performance Allocation with respect to all Investor Shares that are repurchased in connection with repurchases of Shares in an amount calculated as described above with the relevant period being the portion of the Reference Period for which such Shares were outstanding, and proceeds for any such Share repurchases will be reduced by the amount of any such Performance Allocation. The Class H Member may elect to receive the Performance Allocation in cash and/or Class T Shares. If the Performance Allocation is paid in Class T Shares, such Class T Shares may be repurchased at the Class H Member’s request and will be subject to the limitations of the Share Repurchase Plan.
View Source
Performance Allocation shall have the meaning set forth in the Operating Partnership Agreement, and shall represent a special distribution amount equal to a formula based on the performance of the Operating Partnership that the special limited partner of the Operating Partnership will be entitled to receive.
View Source
Performance Allocation means an allocation connected with the performance of the
View Source
Performance Allocation means with respect to each Participant other than DME:
View Source
Performance Allocation means with respect to each Participant other than TP GP and for each Fiscal Year, an amount equal to 20% of (a) such Participant’s Net Profit for such Fiscal Year less (b) such Participant’s Loss Recovery Account balance for such Fiscal Year.
View Source
Performance Allocation shall have the meaning set forth in Section 3.02(b).
View Source
Performance Allocation shall refer to each of the Performance Allocation, the Class A Performance Allocation, the Class F Performance Allocation and the Class I-S Performance Allocation, in each case as defined in the Operating Partnership Agreement, and shall represent a special distribution amount equal to a formula based on the performance of the Operating Partnership that the special limited partner of the Operating Partnership will be entitled to receive.
View Source