Calculation of Incentive Fee. Subject to the Adviser Return Obligation (described in Section 6(d)), the Company shall pay the Adviser an incentive fee (the “Incentive Fee”) as follows. The Incentive Fee will be calculated on a cumulative basis and the amount of the Incentive Fee payable in connection with any distribution (or deemed distribution) will be determined in accordance with the following formula each time amounts are to be distributed to the Common Unitholders:
Appears in 6 contracts
Samples: Limited Liability Company Agreement (TCW Star Direct Lending LLC), Limited Liability Company Agreement (TCW Direct Lending VII LLC), Limited Liability Company Agreement (TCW Direct Lending VII LLC)
Calculation of Incentive Fee. Subject to the Adviser Return Obligation (described in Section 6(d6(c)), the Company shall pay the Adviser an incentive fee (the “Incentive Fee”) as follows. The Incentive Fee will be calculated on a cumulative basis and the amount of the Incentive Fee payable in connection with any distribution (or deemed distribution) will be determined in accordance with the following formula each time amounts are to be distributed to the Common Unitholders:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (TCW Direct Lending VIII LLC), Investment Advisory and Management Agreement (TCW Star Direct Lending LLC), Investment Advisory and Management Agreement (TCW Direct Lending VIII LLC)
Calculation of Incentive Fee. Subject to the Adviser Return Obligation (described in Section 6(d)), the Company shall pay the Adviser an incentive fee (the “Incentive Fee”) as follows. The Incentive Fee will be calculated on a cumulative basis and the amount of the Incentive Fee payable in connection with any distribution (or deemed distribution) will be determined determined, and, if applicable, paid in accordance with the following formula each time amounts are to be distributed to the Common Unitholders:
Appears in 1 contract
Samples: TCW Direct (TCW Direct Lending LLC)
