Common use of Principles of Distributions Attributable to Carried Interest Clause in Contracts

Principles of Distributions Attributable to Carried Interest. (a) Except as otherwise provided in this Agreement, Proceeds from any Fund Investment representing Carried Interest from any Fund Investment shall be distributed at such time as the General Partner shall determine in its discretion. With respect to the distribution of any Proceeds representing any Carried Interest ("CARRIED INTEREST DISTRIBUTIONS"), at least 40% of a Carry Participating Partner's (other than a Partially Reduced Partner's) Participation Percentage of such Proceeds shall be distributed to such Carry Participating Partner and up to 60% of such Carry Participating Partner's Participation Percentage of such Proceeds shall be retained by the Partnership in a segregated account (the "SEGREGATED ACCOUNT") established for such Carry Participating Partner pursuant to Section 6.07, in each case as the General Partner determines in its discretion. (a) If, at the time of distribution of any Proceeds representing any Carried Interest, a Carry Participating Partner is a Partially Reduced Partner as a result of a Forfeiture Event, the General Partner shall determine the aggregate amount of Proceeds previously distributed to such Carry Participating Partner with respect to all Fund Investments in which such Carry Participating Partner participates, and such Carry Participating Partner's Participation Percentage (determined without giving effect to such Forfeiture Event) of such Proceeds shall be applied in the following manner (in lieu of Section 6.02(a)):

Principles of Distributions Attributable to Carried Interest. (a) Except as otherwise provided in this Agreement, Proceeds from any Fund Investment representing Carried Interest from any Fund Investment shall be distributed at such time as the General Partner shall determine in its discretion. With respect to the distribution of any Proceeds representing any Carried Interest Share ("CARRIED INTEREST DISTRIBUTIONS"), at least 40% of a Carry Participating Partner's (other than a Partially Reduced Partner's) Participation Percentage of such Proceeds shall be distributed to such Carry Participating Partner and up to 60% of such Carry Participating Partner's Participation Percentage of such Proceeds shall be retained by the Partnership in a segregated account (the "SEGREGATED ACCOUNT") established for such Carry Participating Partner pursuant to Section 6.07, in each case as the General Partner determines in its discretion. (ab) If, at the time of distribution of any Proceeds representing any the Carried InterestInterest Share, a Carry Participating Partner is a Partially Reduced Partner as a result of a Forfeiture Event, the General Partner shall determine the aggregate amount of Proceeds previously distributed to such Carry Participating Partner with respect to all Fund Investments in which such Carry Participating Partner participates, and such Carry Participating Partner's Participation Percentage (determined without giving effect to such Forfeiture Event) of such Proceeds shall be applied in the following manner (in lieu of Section 6.02(a)):

Principles of Distributions Attributable to Carried Interest. (a) Except as otherwise provided in this Agreement, Proceeds from any Fund Investment representing Carried Interest from any Fund Investment shall be distributed at such time as the General Partner shall determine in its discretion. With respect to the distribution of any Proceeds representing any Carried Interest ("CARRIED INTEREST DISTRIBUTIONS"“Carried Interest distributions”), at least 40% of a Carry Participating Partner's ’s (other than a Partially Reduced Partner's’s) Participation Percentage of such Proceeds shall be distributed to such Carry Participating Partner and up to 60% of such Carry Participating Partner's ’s Participation Percentage of such Proceeds shall be retained by the Partnership in a segregated account (the "SEGREGATED ACCOUNT"“Segregated Account”) established for such Carry Participating Partner pursuant to Section 6.07, in each case as the General Partner determines in its discretion. (ab) If, at the time of distribution of any Proceeds representing any Carried Interest, a Carry Participating Partner is a Partially Reduced Partner as a result of a Forfeiture Event, the General Partner shall determine the aggregate amount of Proceeds previously distributed to such Carry Participating Partner with respect to all Fund Investments in which such Carry Participating Partner participates, and such Carry Participating Partner's ’s Participation Percentage (determined without giving effect to such Forfeiture Event) of such Proceeds shall be applied in the following manner (in lieu of Section 6.02(a)):

Principles of Distributions Attributable to Carried Interest. (a) Except as otherwise provided in this Agreement, Proceeds from any Fund Investment representing Carried Interest from any Fund Investment shall be distributed at such time as the General Partner shall determine in its discretion. With respect to the distribution of any Proceeds representing any Carried Interest Share ("CARRIED INTEREST DISTRIBUTIONSCarried Interest distributions"), at least 40% of a Carry Participating Partner's (other than a Partially Reduced Partner's) Participation Percentage of such Proceeds shall be distributed to such Carry Participating Partner and up to 60% of such Carry Participating Partner's Participation Percentage of such Proceeds shall be retained by the Partnership in a segregated account (the "SEGREGATED ACCOUNTSegregated Account") established for such Carry Participating Partner pursuant to Section 6.07, in each case as the General Partner determines in its discretion. (ab) If, at the time of distribution of any Proceeds representing any the Carried InterestInterest Share, a Carry Participating Partner is a Partially Reduced Partner as a result of a Forfeiture Event, the General Partner shall determine the aggregate amount of Proceeds previously distributed to such Carry Participating Partner with respect to all Fund Investments in which such Carry Participating Partner participates, and such Carry Participating Partner's Participation Percentage (determined without giving effect to such Forfeiture Event) of such Proceeds shall be applied in the following manner (in lieu of Section 6.02(a)):