The Incentive Fee. The Incentive Fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on the Company’s and its consolidated subsidiaries’ income (the “Income Incentive Fee”) and a portion is based on the Company’s and its consolidated subsidiaries’ capital gains (the “Capital Gains Incentive Fee”), as set forth in Sections 4.3 and 4.4, respectively.
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Sources: Investment Management Agreement (Great Elm Capital Corp.), Subscription Agreement, Investment Management Agreement (Great Elm Capital Corp.)
The Incentive Fee. The Incentive Fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on the Company’s 's and its consolidated subsidiaries’ ' income (the “"Income Incentive Fee”") and a portion is based on the Company’s 's and its consolidated subsidiaries’ ' capital gains (the “"Capital Gains Incentive Fee”"), as set forth in Sections 4.3 and 4.4, respectively.
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