Third Sector Investment and Roca Investment Sample Clauses

Third Sector Investment and Roca Investment. In the manner provided in the Loan Documents, YSI shall re-pay the Third Sector Investment and the Roca Investment. Project Budget (not including debt service on Senior and Junior Loans) Quarterly Cash Balance Success Fees In Quarters 18, 19, 21 and 23, if total Success Payments exceed $14,745,000 and in Quarter 25 if total Success Payments exceed $14,500,000, YSI will pay Success Fees to the Senior and Junior Lenders, Roca, and the Project Manager based on a formula that has been negotiated among those parties and the grantors to YSI. The maximum Success Fees, which will occurs when the Project itself has a high level of success in reducing incarceration and increasing employment are approximately:  For the Senior Lender: $918,896  For the Junior Lenders (split pro rata): $488,896  For Roca: $714,681  For the Project Manager: $16,134 YSI could also retain up to approximately $5.3 million at the end of Quarter 25. These monies will be distributed consistent with the directions of the grantors to YSI and consistent with YSI’s charitable purpose:  A percentage of the funds remaining with YSI (representing the share of grants provided by the Xxxxx and Xxxx Xxxxxx Foundation “LJAF,” including the approximately $1.67 million provided to fund the services delivered to the Project Extension Youth) will be distributed pursuant to Amendment II to the LJAF– YSI Grant Agreement: the first approximately $1.67 million (the amount provided to fund the services delivered to the Project Extension Youth) will be returned to LJAF and the balance will be allocated to future Social Innovation Finance (“SIF”) projects as that term is defined in the LJAF– YSI Grant Agreement, with no more than 25% of that amount being used for intermediary operations, technical assistance and deal development relating to the development of projects and the balance being used to provide capital to such projects. If YSI fails to identify a suitable SIF project within one year, the funds will be returned to LJAF.  A percentage of the funds remaining with YSI (representing the share of grants provided by New Profit Inc., including the approximately $1.67 million provided by LJAF to fund the services delivered to the Project Extension Youth) will be allocated to help Roca scale nationally, outside of Massachusetts.  A percentage of the funds remaining with YSI (representing the share of grants provided by the Boston Foundation, including the approximately $1.67 million provided by LJAF to fun...
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