Tax Reserve Without Sample Clauses

Tax Reserve Without limiting the other provisions of this Section 5.13, any amount due to a Carry Unitholder according to Section 5.2 may be retained at the level of the Fund, upon written request (which can be limited to part of the amounts due to such Carry Unitholder according to Section 5.2) of such Carry Unitholder made in its Subscription Agreement (the “Electing Carry Unitholder”), until the end of a period of five (5) years from the execution date of such Subscription Agreement (the “Lock-Up Period”). Until the expiration of the Lock-Up Period, the payments or distributions to which the Electing Carry Unitholders are entitled will be held in a tax reserve (the “Tax Reserve”). Amounts held in the Tax Reserve may be invested in Money Market Investments or as otherwise determined by the General Partner in its sole discretion. Upon the expiration of the Lock-up Period with respect to any amounts held in the Tax Reserve, such amounts, together with any interest, gains or dividends received as a result of investments made with such amounts held in the Tax Reserve, shall be distributed to the relevant Carry Unitholders with respect to which such amounts in the Tax Reserve were held back.