Positive Subsequent Divestments. If, following the second or any subsequent divestment of VCF Portfolio Securities that occurs within a VCF Incentive Fee Period, the Compound Gains on all Divested VCF Portfolio Securities divested within that VCF Incentive Fee Period is a positive number ("First Value") greater than the Compound Gains on all Divested VCF Portfolio Securities previously divested within the same VCF Incentive Fee Period, whether that is a positive or negative number, ("Second Value"), the Company shall pay the Manager 20% of the First Value less, if the Second Value is positive, 20% of that Second Value.
Appears in 4 contracts
Samples: Management Agreement, Management Agreement, Management Agreement
