Designated Percentage. The “Designated Percentage” means with respect to each Carried Interest, 40% or such percentage as designated from time to time by a General Partner. Such Designated Percentage shall apply to any 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 Carried Interest regardless of when the underlying investment is realized.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (KKR & Co. L.P.)
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.
Appears in 2 contracts
Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)
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 the percentages in effect for the period following December 31, 2009 to the date hereof, and thereafter such percentage as designated from time to time by a the General Partner. Such A 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 Carried Interest regardless of when the underlying investment is realized.
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