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).
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Catch-Up Interest. As set forth in Section 4.3(c).
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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.
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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).
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Related to Catch-Up Interest

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • GP Interest means: (i) with respect to any limited partnership, a unit of general partnership interest in such partnership; and (ii) with respect to a McNeil Partnership, the units of general partnership interest held by the general partner of such McNeil Partnership and all of the rights in respect thereof, including not only the general partner's proportionate interest of the profits and losses of that McNeil Partnership based on the general partner's capital contribution but also the rights and other assets (if any) corresponding to such McNeil Partnership which are being contributed to the applicable New GP LLC at the direction of the Company in accordance with Article II hereof.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.