Common use of Incentive Fee Clause in Contracts

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on Adjusted Capital (as defined below) at the beginning of the most recently completed calendar quarter, of 2.0% (8.0% annualized), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first partpart of the Incentive Fee, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, quarterly hurdle rate expressed as a quarterly rate of return on Adjusted Capital (as defined below) the value of the Company’s net assets at the beginning end of the most recently completed calendar quarter, of 2.01.75% (8.07.0% annualized) (the “Hurdle Rate”), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the CompanyCorporation’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on the average Adjusted Capital (as defined below) at the beginning of for the most recently completed calendar quarter, of 2.01.875% (8.07.5% annualized), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the CompanyCorporation’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on the average Adjusted Capital (as defined below) at the beginning of for the most recently completed calendar quarter, of 2.01.75% (8.07.0% annualized), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarterquarter (or upon termination of the Agreement, as of the termination date). The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on Adjusted Capital (as defined below) the value of the Company’s net assets at the beginning end of the most recently completed calendar quarter, of 2.0% (8.0% annualized)1.50%, subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first partpart of the Incentive Fee, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the CompanyCorporation’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarterquarterly hurdle rate, expressed as a quarterly rate of return on the average Adjusted Capital (as defined below) at the beginning of for the most recently completed calendar quarter, of 2.01.75% (8.07.0% annualized) (the “Hurdle Rate”), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on Adjusted Capital (as defined below) the value of the Company’s net assets at the beginning end of the most recently completed calendar quarter, of 2.01.875% (8.07.50% annualized), subject to a “catch up” feature (as described below).

Incentive Fee. The Incentive Fee shall consist of two parts, as follows: (i) The first part, referred to as the “Subordinated Incentive Fee on Income,” shall be calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. The payment of the Subordinated Incentive Fee on Income shall be subject to payment of a preferred return to investors each quarter, expressed as a quarterly rate of return on Adjusted Capital (as defined below) the value of the Company’s net assets at the beginning end of the most recently completed calendar quarter, of 2.02.00% (8.08.00% annualized), subject to a “catch up” feature (as described below).