Catch-Up Interest definition
Catch-Up Interest means an amount equivalent to interest on Catch-up Payments at the rate of 10% per annum, or such higher rate as is determined by the General Partner in its sole discretion, plus any other amount determined by the General Partner in its sole discretion, calculated as provided in Section 4.4(b).
Catch-Up Interest. As set forth in Section 4.3(c).
Catch-Up Interest has the meaning provided in Section 4.2. “Catch-Up Payment” has the meaning provided in Section 4.2. “Cause” has the meaning provided in Section 8.10.
Examples of Catch-Up Interest in a sentence
The Capital Commitment of each existing Partner shall not be increased, or decreased, by any Catch-Up Payment or Catch-Up Interest received.
A Limited Partner’s receipt of a payment of Catch-Up Interest shall not affect the amount such Limited Partner is treated as having paid the Partnership under such Limited Partner’s Initial Subscription Commitment or the number of Units owned by such Limited Partner.
The Capital Commitment of each existing Partner shall not be increased, or decreased, by any Catch- Up Payment or Catch-Up Interest received.
A Limited Partner’s payment of Catch-Up Interest shall not be treated as a Capital Contribution or credited against its Initial Subscription Commitment for any purpose.
More Definitions of Catch-Up Interest
Catch-Up Interest as defined in Section 5.19(b).