Carried Interest definition

Carried Interest means an equity interest in the Partnership issued to a Person without consideration, in the form of cash or tangible property, in an amount proportionately equivalent to that received from the Participants.

Carried Interest means a share in the profits of the AIF accrued to the AIFM as compensation for the management of the AIF and excluding any share in the profits of the AIF accrued to the AIFM as a return on any investment by the AIFM into the AIF;

Carried Interest means (i) “Carried Interest Distributions,” as defined in the BREP VII Partnership Agreement, and (ii) any other carried interest distribution to a Fund GP pursuant to any BREP VII Agreement. In the case of each of (i) and (ii) above, except as determined by the General Partner, the amount shall not be less any costs, fees and expenses of the Partnership with respect thereto and less reasonable reserves for payment of costs, fees and expenses of the Partnership that are anticipated with respect thereto (in each case which the General Partner may allocate among all or any portion of the GP-Related Investments as it determines in good faith is appropriate).

Examples of Carried Interest in a sentence

• A Member’s Carried Interest Percentage shall be   or such lesser percentage as determined by reference to a signed written contractual arrangement between such Member and the Manager as permitted by this paragraph.

• The Manager may, in its sole discretion, reduce the Carried Interest Percentage with respect to any Member, pursuant to a signed written contractual arrangement with such Member (which may be in such Member’s Subscription Agreement).

• Notwithstanding the foregoing sentence, no such other contractual arrangement shall have the effect of changing the Carried Interest Percentage of any Member without its written consent.

• The Manager shall be entitled to receive from each Member with respect to each Series, to offset annual tax and regulatory filings, an annual administrative fee as set forth in the Memorandum, which such fee shall not be considered to be a “Capital Contribution,” “Manager Expense” or a “Fund Expense,” shall be in addition to the Member’s Capital Commitment to the Series, and shall be disregarded in determining the Manager’s Carried Interest, if any.

• After payment of the Preferred Return, EDC (as defined herein), if any, will be distributed with 20% of the total cumulative Distributions over the life of the Fund (including EDC and Preferred Returns) being paid to the Manager [as Carried Interest] and 80% of any excess to the Members ratably to their Ownership Interest at the end of the quarter.

More Definitions of Carried Interest

Carried Interest means the aggregate distributions received by the General Partner pursuant to Sections 14.3.3 and 14.3.4 hereof and any distributions received by the General Partner with respect to such Sections pursuant to Section 14.5 (Tax Distributions).

Carried Interest has the meaning set forth in Section 4.07(c)(iii).

Carried Interest means any share of profits from an alternative investment vehicle that is distributed to a fund manager, general partner, or related parties, including allocations of alternative investment vehicle profits received by a fund manager in consideration of having waived fees that it might otherwise have been entitled to receive.

Carried Interest shall have the meaning specified in Section 8.2(a)(ii).

Carried Interest means a share of the profits of a private equity fund that is due to the fund manager or general partner.

Carried Interest means, as the context requires, either (x) distributions to the General Partner pursuant to clauses (iii) through (v) of the distribution waterfall set forth in Schedules D-1 or D-2 (as referenced in Section 6.02(a)), or Section 9.04 or (y) income allocations to the General Partner pursuant to Section 6.07.

Carried Interest means (i) “Carried Interest,” as defined in the BCVP Partnership Agreement, and (ii) any other carried interest distribution to a Fund GP pursuant to any BCVP Agreement. In the case of each of (i) and (ii) above, except as determined by the Managing Member, the amount shall not be less any costs, fees and expenses of the Company with respect thereto and less reasonable reserves for payment of costs, fees and expenses of the Company that are anticipated with respect thereto (in each case which the Managing Member may allocate amongst all or any portion of the GP-Related Investments as it determines in good faith is appropriate).