General Partner Catch-Up Sample Clauses
The General Partner Catch-Up clause is designed to ensure that the general partner receives a specified share of profits after limited partners have received their preferred return. In practice, once the limited partners are paid back their initial investment plus any agreed-upon returns, subsequent distributions are allocated primarily to the general partner until their share of profits aligns with the agreed profit split, such as 20%. This mechanism ensures the general partner is properly incentivized and compensated for their management role, while also maintaining fairness in profit allocation between partners.
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General Partner Catch-Up. Third, 50% to the General Partner and 50% to such Limited Partner until the General Partner has received (as Carried Interest) 15% of the sum of (A) the aggregate amount of Investment Proceeds distributed to such Limited Partner pursuant to clause (ii) above and this clause (iii), and (B) the amount of distributions of Carried Interest to the General Partner under this catch-up provision in respect of such Limited Partner; and
General Partner Catch-Up. Second, 100% to the General Partner until the cumulative distribution to the General Partner pursuant to this Section 4.07(c)(ii) equals twenty percent (20%) of the aggregate amount distributed pursuant to Section 4.07(c)(i) and this Section 4.07(c)(ii), in each case, attributable to such distribution and all other distributions that have been previously made in the same Fiscal Year.