Final Incentive Fee Payment Clause Samples
Final Incentive Fee Payment. If this Agreement is terminated prior to termination of the Company (other than the Investment Adviser voluntarily terminating the agreement), the Company will pay to the Investment Adviser a final Incentive Fee payment (the “Final Incentive Fee Payment”). The Final Incentive Fee Payment will be calculated as of the date the Agreement is so terminated and will equal the amount of Incentive Fee that would be payable to the Investment Adviser if (a) all Investments were liquidated for their current value (but without taking into account any unrealized appreciation of any portfolio Investment), and any unamortized deferred portfolio Investment-related fees would be deemed accelerated, (b) the proceeds from such liquidation were used to pay all the Company’s outstanding liabilities, and (c) the remainder were distributed to Unitholders and paid as an Incentive Fee in accordance with the provisions set forth in paragraph (1) above. The Company will make the Final Incentive Fee Payment in cash on or immediately following the date the Agreement is so terminated. The Investment Adviser Reimbursement Obligation will be determined as of the date of termination of this Agreement for purposes of a Final Incentive Fee Payment.
Final Incentive Fee Payment. If this Agreement is terminated prior to termination of the Company (other than the Investment Adviser voluntarily terminating the Agreement), the Company will pay to the Investment Adviser a final Incentive Fee payment (the “Final Incentive Fee Payment”). The Final Incentive Fee Payment will be calculated as of the date the Agreement is so terminated and will equal the amount of Incentive Fee that would be payable to the Investment Adviser if (a) all Investments were liquidated for their current value (but without taking into account any unrealized appreciation of any Investment), and any unamortized deferred Investment-related fees would be deemed accelerated, (b) the proceeds from such liquidation were used to pay all the Company’s outstanding liabilities, and (c) the remainder were distributed to Unitholders and paid as an Incentive Fee in accordance with the provisions set forth in paragraph (1) above. The Company will make the Final Incentive Fee Payment in cash on or immediately following the date the Agreement is so terminated. BUSINESS.32251464.18 Investor: [ ] Fund: [ ] Dear Investor, In accordance with Section 2.01(b) of the Subscription Agreement of [ ] (“Fund”), you are hereby given notice of a call for capital contribution. Capitalized terms used but not defined in this Funding Notice shall have the meanings set forth in the Subscription Agreement. Capital Call USD$XX.XX Fund: Bank: ABA #: Account #: Reference: [ ] Capital Contributions $[ ] $[ ] Should you have any questions regarding the information in this correspondence, please contact your ▇▇▇▇▇▇▇ ▇▇▇▇▇ Investment Professional. Information Classification: Limited Access BUSINESS.32251464.18 Investor: [ ] Fund: [ ] We are pleased to inform you that the Board of Directors of [ ](“Fund”) declared a total dividend distribution equal to an amount up to the Fund’s taxable earnings per unit, which is payable to holders of records of common unit at the close of business on [October 2, 2024.]