Carry Profit definition

Carry Profit means, with respect to any particular Program Asset, the amount by which the Investment Proceeds or Sponsor Proceeds generated by that Program Asset produce or lead to the production of Carry Distributions, as determined by the General Partner. In general, the Carry Profit with respect to any Program Asset will equal the sum of the following amounts:
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Examples of Carry Profit in a sentence

  • The entitlement, as between Partners, to Carry Profits arising from Investments allocated to any Annual Pool shall be pro rata to the number of Carry Profit Points held by each Partner in respect of such Annual Pool.

  • For the avoidance of doubt, if any Partner has not been allocated Carry Profit Points in respect of any Annual Pool, they shall not be entitled to participate in Carry Profits arising from the Investments allocated to such Annual Pool.

  • Participation in the Carry Profits arising on such Investment shall be pro rata to, respectively, the Introducers Percentage and the Annual Pool Percentage (with the entitlement of participants in the Annual Pool being determined according to their respective Carry Profit Points allocated to them in respect of such Annual Pool and the entitlement of the Introducers being determined according to their pro rata share of the Introducers Percentage awarded to them).

  • On or before the first Accounting Date on which the new Limited Partner is awarded Carry Profit Points, the relevant Limited Partner will be required to contribute an amount of Carry Contribution calculated pursuant to Clause 5.1.

  • Following such reallocation, participants in the Annual Pool will be entitled to participate in Carry Profits arising in respect of such Annual Pool according to their revised Carry Profit Sharing Percentages.

  • Once the allocation of Carry Profit Points in respect of each Annual Pool has been notified to the Partners the General Partner determines should participate in such Annual Pool, the allocations shall not be capable of alteration at a later date, other than as provided in this Agreement.

  • An IP Member will have a Vested Percentage as determined pursuant to the following sentence in all Carry Profit or Carry Loss attributable to any Investment Proceeds or Sponsor Proceeds received by the Company from such IP Member’s Tenured Assets, or any other consequences of a Realization of a Tenured Asset, if those proceeds are received or the Realization occurs after such IP Member has become a Terminated IP Member because the IP Member voluntarily left the employment of the Woodbridge Employer.

  • The General Partner, in its discretion, is permitted to make adjustments, including retroactive adjustments, to the allocations of Carry Profit and Carry Loss so that, on an aggregate basis the Carry Accounts of the IP Limited Partners more closely match the aggregate rights of the IP Limited Partners to receive Carry Distributions or to make clawback payments as provided in Article IV of the Agreement.

  • As described in Section B-3(b), the Managing Member, in its discretion, is permitted to make adjustments, including retroactive adjustments, to the allocations of Carry Profit and Carry Loss.

  • The Managing Member, in its discretion, is permitted to make adjustments, including retroactive adjustments, to the allocations of Carry Profit and Carry Loss so that, on an aggregate basis the Carry Accounts of the IP Members more closely match the aggregate rights of the IP Members to receive Carry Distributions or to make clawback payments as provided in Article IV of the Agreement.