Required Commitment Clause Samples

Required Commitment. 1. In consideration for the grant of Points to you pursuant to this Award Letter, you will be required to make capital commitments or investments (the “Required Commitments”) to certain funds managed by AGM’s Credit Group (the “Credit Funds”) as determined by AGM’s Credit Senior Management. To the extent consistent with applicable law, upon your request, the Partnership, the General Partner and AGM shall use their reasonable efforts to assist you in obtaining a credit facility to fund all or a portion of your Required Commitments. 2. In advance of a fiscal year, AGM’s Credit Senior Management will propose the allocation of your Required Commitments to be funded in the upcoming year among the applicable Credit Funds (the “Required Commitment Allocation”). Your Required Commitments (including the Scheduled Installments (as defined below) of previously designated Required Commitments) that, in each case, have not been made may be subject to reallocation annually. Your Required Commitments and Required Commitment Allocation for the 2014 fiscal year, and the funding schedule with respect thereto, is set forth on Annex D hereto (it being understood that the Partnership has no obligation to update Annex D after the date hereof, but that all current information with respect to the matters set forth on Annex D shall be recorded in the books and records of the Partnership and shall be available to you following your written request therefor). 3. Your Required Commitment levels will be reviewed for upward revision every two years as agreed by the AGM Executive Committee and AGM Credit Senior Management. Your Required Commitments may be increased only in connection with an increase in your Points, which increase shall be proportionate thereto relative to what your Points had been prior to the adjustment in your Required Commitment. 4. Your Required Commitments will be reduced by any capital commitments made by you since January 1, 2012 to Credit Funds. 5. In the case of closed-end Credit Funds, your Required Commitments will be funded in accordance with capital calls made by such Credit Funds (or the applicable Co-Investors (A) Entity through which you will make your Required Commitment to any such Credit Fund). 6. In the case of open-end and publicly traded Credit Funds, your Required Commitments for such Credit Funds will be funded over four years, beginning on the first day of the first full calendar quarter following the Applicable Date, as follows: [˜] (each such...

Required Commitment. Upon your becoming a Retired Partner without Cause (as defined in the AGM 2007 Equity Incentive Plan) and other than by reason of a Bad Act, you shall, in your sole discretion, have the option as to whether to continue to fund the outstanding portion of your Required Commitment. Such option shall be exercised within 90 days following your Retirement Date, by notice in writing to the Partnership and the general partner of Co-Investors (A).