Performance Participation Allocation definition

Performance Participation Allocation means the performance participation allocation to be received by the Class H Member equal to 15.0% 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) and accrued monthly (subject to pro-rating for partial periods) payable either in cash or in Class F 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 Participation 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 15.0% 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, 15.0% of such remaining Excess Profits. The Class H Member will also be allocated a Performance Participation 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 Share was outstanding, and proceeds for any such Share repurchases will be reduced by the amount of any such Performance Participation Allocation. The Class H Member may elect to receive the Performance Participation Allocation in cash and/or Class F Shares. If the Performance Participation Allocation is paid in Class F Shares, such Class F Shares may be repurchased at the Class H Member’s request and will be subject to the limitations of the Share Repurchase Plan.
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Performance Participation Allocation shall have the meaning ascribed to such term in the Operating Partnership Agreement.
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Performance Participation Allocation has the meaning set forth in the Company’s Governing Agreements.
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Examples of Performance Participation Allocation in a sentence

  • The Management Fee shall be payable by the Partnership before giving effect to any accruals for the Management Fee, the Servicing Fee, the Performance Participation Allocation, Unit redemptions for that month, any distributions and without taking into account any taxes (whether paid, payable, accrued or otherwise) of any Intermediate Entity through which the Partnership indirectly invests in a Portfolio Company, as determined in the good faith judgment of the Manager.

  • Any Units held by Brookfield or an Affiliate of the Manager or the General Partner may bear no or reduced Management Fees, Servicing Fees or the Performance Participation Allocation (in the manner each such Partner and the General Partner shall agree upon such Partner’s admission to the Partnership, including pursuant to a rebate of such amounts).

  • The General Partner may also be a Unitholder, including but not limited to the extent that it purchases Units, elects to receive all or a portion of the Performance Participation Allocation in Units, or becomes a transferee of all or any part of the Units of a Unitholder, and to such extent shall be treated as a Unitholder in all respects, except as expressly provided in this Agreement or in the Memorandum (e.g., with respect to Redemption Program).

  • The Performance Participation Allocation that the Special Unitholder is entitled to receive at the end of each Reference Period will be reduced by the cumulative amount of Quarterly Allocations that year.

  • In addition, in order to facilitate payment of the Performance Participation Allocation in accordance with this Section 3.3 and to give effect to the foregoing provisions, each of the Partnership and any Intermediate Entity may, in the sole discretion of the General Partner, withhold amounts that are otherwise distributable at the level of the Partnership or such Intermediate Entity in order to pay the Performance Participation Allocation in any present or future period.

  • For the avoidance of doubt, the Special Unitholder may assign its interest in Performance Participation Allocation (in whole or in part) to another entity or entities in its sole discretion without the General Partner’s consent.

  • If the Performance Participation Allocation is paid in Units, such Units may be redeemed at the Special Unitholder’s request and will not be subject to the volume limitations of the Redemption Program or the Early Redemption Fee.

  • Amounts of the Performance Participation Allocation otherwise to be distributed to the Special Unitholder pursuant to Section 3.3 (including distributions in kind) shall be reduced on a dollar-for-dollar basis by the amount of any prior advances made to the Special Unitholder pursuant to this Section 3.4 until all such advances are restored to the Partnership in full.

  • Each of the Partnership, the Feeder, any other Feeder Funds and Parallel Funds will be obligated to pay (without duplication) its proportional share of the Performance Participation Allocation based on its proportional interest in the Aggregator or other relevant Intermediate Entity.

  • If the Performance Participation Allocation is paid in Units, such Units may be redeemed at the Special Unitholder’s request and will not be subject to the volume limitations of the Partnership’s Unit redemption program as set forth in Appendix B (as amended from time to time, the “Redemption Program”) or the Early Redemption Fee.


More Definitions of Performance Participation Allocation

Performance Participation Allocation. As defined in Section 3.3. Person: Any individual, partnership, corporation, limited liability company, unincorporated organization or association, trust (including the trustees thereof, in their capacity as such) or other entity.
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Performance Participation Allocation has the meaning set forth in Section 5.2(c).
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Performance Participation Allocation. As defined in Section 3.3(a).
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Performance Participation Allocation shall have the meaning specified in paragraph 4.02(a).
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Performance Participation Allocation means the performance participation allocation to be received by the Class H Member equal to 15.0% 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) and accrued monthly (subject to pro-rating for partial periods) payable either in cash or in Class F 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 Participation Allocation in an amount equal to:
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Related to Performance Participation Allocation