Carried Interest Distribution definition

Carried Interest Distribution means any distribution of Net Distributable Cash of Fund II pursuant to Sections 6.1(b)(iii)(B) and 6.1(b)(iv)(B) of the Fund II Partnership Agreement received by CT-F2 from a distribution of the same made by Fund II GP to its members.
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Carried Interest Distribution means, with respect to any Limited Partner other than a Related Limited Partner, any amount that was initially apportioned to such Limited Partner pursuant to Section 5.1(a) that is distributed to the General Partner pursuant to Sections 5.1(b)(iii) and 5.1(b)(iv) (including any Tax Distribution Amounts that represent advances of amounts to be distributed pursuant to such Sections).
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Carried Interest Distribution means any distribution of Net Distributable Cash of CTOPI pursuant to Sections 5.1(b)(iv)(B) and 5.1(b)(v)(B) of the LP Agreement received by any CT Distributee.
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Examples of Carried Interest Distribution in a sentence

  • The Portfolio Appraisal shall be used to determine the Appraised Value of the Portfolio (including, without limitation, the Carried Interest Distribution) in accordance with Section 5.3.

  • In connection with a Buy-Sell, if the Carried Interest Distribution has not previously been paid, the Partnership shall pay the Carried Interest Distribution to the General Partner following the procedure set forth in Section 5.3, except that the date of the closing of the Buy-Sell shall be substituted for the Calculation Date, an amount equal to the Offered Price shall be substituted for the Appraised Value and the Carried Interest Distribution shall be paid in cash on the closing of the Buy-Sell.

  • The Commitment shall not be permanently reduced or terminated by the City while the Letter of Credit is in effect.


More Definitions of Carried Interest Distribution

Carried Interest Distribution means any distribution made to the Carried Interest Partner in accordance with Section 6.4(c)(ii) or Section 6.4(d)(ii). Solely for purposes of Section 11.3, the amount of any “Carried Interest Distribution” shall be deemed reduced by the maximum amount of Tax Distributions that were made or that could have been made to the Carried Interest Partner pursuant to Section 6.5 (assuming solely for this purpose that (i) the Fund had sufficient distributable cash therefor and that each asset distributed in kind had been sold immediately prior to such distribution and proceeds distributed to the Carried Interest Partner, and (ii) such maximum amount of Tax Distributions does not exceed the product of the Applicable Rate and the cumulative amount of net income and gain allocated to the Carried Interest Partner in respect of distributions made to the Carried Interest Partner in accordance with Section 6.4(c)(ii) and Section 6.4(d)(ii) over the Fund’s Term).
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Carried Interest Distribution has the meaning set forth in Section 9.1. “Certificate” has the meaning set forth in the recitals.
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