Designated Percentage Clause Samples

Designated Percentage. The “Designated Percentage” means (i) with respect to Existing Carried Interests, 40%, and (ii) with respect to each Future Carried Interest, 40% or such percentage as designated from time to time by a General Partner. Such Designated Percentage shall apply to any Future Carried Interests with respect to investments made until such time as a new Designated Percentage is designated by the General Partner. For the avoidance of doubt, the Designated Percentage shall apply to a Future Carried Interest regardless of when the underlying investment is realized.