Carried Interest. In addition to the Advisory Fee payable by the Company, the Investment Adviser or an affiliate, acting as special member to Excelsior Private Markets Fund II (TI), LLC and Excelsior Private Markets Fund II (TE), LLC (each a feeder fund that invests directly or indirectly in the Company), shall receive a Carried Interest from each such feeder fund, in accordance with Section 8.2(a)(ii) of each such feeder fund’s Limited Liability Company Agreement (or any successor provision thereto), equal to 5% of distributions after the members of each such feeder fund have received a 125% return of all drawn commitments, with any such Carried Interest distribution accrued prior to the fourth anniversary of a feeder fund’s final closing to be retained until such date.
Carried Interest. 10% of distributions, after the Company has distributed 125% of all drawn commitments to members of the Company.
Carried Interest. The Carried Interest is the share of the Funds profits allocated to the General Partner (§ 3.1). On the last day of the Fiscal Year (§ 1.8), the General Partner collects Management Fees (§ 3.11) and Performance Allocation (§ 3.12) in a form of transferring the ownership of the Fund to the General Partner. If the General Partner sells any of the ownership, it is taxed as ordinary income (§ 7.7) if held for less than a year but taxed as long-term capital gains if held over a year. All profits made from Carried Interest are considered short term capital gains and are taxed as ordinary income.
Carried Interest. Thereafter, 75% to such Member and 25% to the Manager (such 25% to the Manager, the “Carried Interest”).
Carried Interest. 11.1 On the Mandatory Conversion Date (as defined in the Amended and Restated OP Agreement), pursuant to Section 4.6 of the Amended and Restated OP Agreement, if there is a Carry Shortfall, the Operating Partnership will issue a certain number of Common Units to Xxxx-InfraREIT (as determined in accordance with Section 4.6 of the Amended and Restated OP Agreement) and cancel an equal number of Class A Units held by InfraREIT Inc. and, consistent with the Amended and Restated Charter, a certain number of the Class A Common Stock will be canceled (as determined in accordance with the Amended and Restated Charter), and, thereafter, all remaining shares of Class A Common Stock will convert to Common Stock.
Carried Interest. (i) Until such time as Payout occurs, Seller hereby agrees to pay all Applicable Costs for the Subject Wells which are attributable to Buyer as a result of its ownershix xx the Properties.
Carried Interest. All distributions to the Partners under any Alternative Investment Vehicle shall be aggregated with the distributions of Distributable Cash under this Agreement in calculating and determining the General Partner’s Carried Interest and any similar interest received under any Alternative Investment Vehicle, and in determining any Clawback Obligation and any similar obligation under any Alternative Investment Vehicle.
Carried Interest. The amounts distributed to the General Partner with respect to Distributable Cash initially apportioned to a Limited Partner under Section 7.2(b)(iii) are referred to as the “Carried Interest.” For clarity, Carried Interest is determined and calculated separately for each Limited Partner. The General Partner shall not be entitled to any Carried Interest distributions with respect to distributions made after the seventh anniversary of the date of the Initial Closing. The General Partner may, in its sole discretion, reduce, waive or rebate all or any portion of the Carried Interest otherwise allocable to the General Partner with respect to any Limited Partner.
Carried Interest. At all times from and after the date of this Agreement, Manager shall receive ten percent (10%) of Profits (the “Carried Interest”). “Profits” shall mean all distributions in excess of Member Capital Contributions.” For purposes of valuing the Carried Interest, if Portfolio Company Securities are publicly traded or the Fund holds other publicly traded securities, the valuation method shall be based upon the average of the closing share price of such securities on the primary listed exchange for the previous twenty (20) trading sessions.
Carried Interest. A carried interest will be payable to the General Partner, which will equal to 20% of any distributions made to each Limited Partner after such Limited Partner’s capital contributions with respect to investments and costs, and an additional preferred return thereon, have been distributed to such Limited Partner. LISTING RULES IMPLICATIONS Xx Xxx is one of the founders of the Management Company and is also a director and a beneficial owner of each of the General Partner and the Management Company. Accordingly, the Fund, the General Partner and the Management Company are associates of Xx Xxx under the Listing Rules and, therefore, connected persons of the Company under the Listing Rules. As such, the Investment constitutes a connected transaction for the Company under Rule 14A.13(1)(a) of the Listing Rules. When aggregated with the Prior Investment in accordance with Rule 14A.25 of the Listing Rules, the percentage ratios (as defined in the Listing Rules) applicable to the Investment exceed 0.1% but do not exceed 5% and, therefore, pursuant to Rule 14A.32 of the Listing Rules, the Investment is only subject to the reporting and announcement requirements set out in Rules 14A.45 and 14A.47 of the Listing Rules and is exempt from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. Details of the Investment will be included in the Company’s next published annual report and financial statements.
