Common use of Carried Interest Clause in Contracts

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 III (TI), LLC and Excelsior Private Markets Fund III (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. 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 III II (TI), LLC and Excelsior Private Markets Fund III 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. In addition to the Advisory Fee payable by the Company, the Investment Adviser or an affiliateAdviser, acting as special member to Excelsior Private Markets Fund III II (TI), LLC and Excelsior Private Markets Fund III 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. In addition to the Advisory Fee payable by the Company, the Investment Adviser or an affiliateAdviser, acting as special member to Excelsior Private Markets Fund III (TI), LLC and Excelsior Private Markets Fund III (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.