Promote Fees definition
Promote Fees means distributions paid as “incentive fees,” “incentive allocations” or “promote fees” pursuant to any Management Agreement or any Organization Document of a Fund.
Promote Fees means proceeds of Carried Interests.
Examples of Promote Fees in a sentence
Nothing herein shall limit the right of the Loan Parties or their Subsidiaries to reinvest or defer receipt of Management Fees and Promote Fees earned or received from the Offshore Hedge Funds or Promote Fees earned or received from the Onshore Hedge Funds.
The Borrowers have advised the Administrative Agent and the Lenders that prior to the effectiveness of this Amendment, the Borrowers are in violation of Section 8.05(h) of the Credit Agreement as a result of Disposition, on or before January 28, 2007, of Promote Fees related to FIF IV and Drawbridge Long Dated Value Fund, LP in excess of the amounts permitted thereunder (the “Promote Fee Default”).