The holders of the IDRs are entitled to incentive distributions if the amount we distribute with respect to one quarter exceeds specified target levels shown below:
| Total Quarterly Distributions Target Amount |
Marginal Percentage Interest in Distributions | |||||||||||||
| Unitholders | General Partner |
IDR (1) | ||||||||||||
|
Minimum Quarterly Distribution |
$0.4750 | 99.9 | % | 0.1 | % | — | ||||||||
|
First Target Distribution |
above $0.4750 up to $0.54625 | 99.9 | % | 0.1 | % | — | ||||||||
|
Second Target Distribution |
above $0.54625 up to $0.59375 | 85.0 | % | 0.1 | % | 14.9 | % | |||||||
|
Thereafter |
above $0.59375 | 75.0 | % | 0.1 | % | 24.9 | % | |||||||
| (1) |
Our general partner owns 50%, and the Funds own 50%, of the IDRs. |