Common use of First Divestment Clause in Contracts

First Divestment. Following the first divestment of VCF Portfolio Securities that occurs within a VCF Incentive Fee Period, the Company shall pay the Manager 20% of the Compound Gains (if it is a positive number) on such Divested VCF Portfolio Securities.

Appears in 4 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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