Performance Fees definition

Performance Fees means incentive or performance fees earned from achieving target investment returns in an Investment Vehicle.

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Performance Fees means the fees paid to the Investment Manager as defined under 9.2 below. “Prospectus” means this prospectus of the Fund as amended from time to time.

Performance Fees means ownership interests or contractual rights representing the right to receive compensation dependent on investment performance or results and payments or distributions made or owed to a Covered Subsidiary in respect thereof.

Examples of Performance Fees in a sentence

If, at any time, there is a Non-PSH Fund with a fee offset arrangement similar to the FOA, then the parties shall amend or supplement this Agreement as necessary so that such Non-PSH Fund’s fee offset arrangement is reflected in this Agreement in a manner that gives effect to the economic allocation intended by the provisions hereof relating to the FOA (and the Offsettable Management Fees and Offsettable Performance Fees relating to the FOA).
TopCo and PSCM shall, and shall cause their respective Affiliates to, provide VariableCo with such additional information and assistance as VariableCo may reasonably request in connection with verifying the accuracy of the calculation of the Variable Compensation (or any component thereof) and the amount of any Performance Fees returned to any Fund.
Within one hundred and twenty (120) days of the end of each calendar year, TopCo and PSCM shall, and shall cause their respective Affiliates to, prepare and provide VariableCo with audited financial statements and reasonably detailed information statements used to support such audited financial statements setting forth the calculation of the Performance Fees and TopCo Preference for each applicable Fund with respect to the prior calendar year.
TopCo will be entitled to receive from PSCM (directly or indirectly), with respect to each Crystallization Period for each Non-PSH Fund, an amount equal to the Non-PSH Fund TopCo Preference as of the end of such Crystallization Period to the extent of any Performance Fees that PSCM received from the applicable Fund (net of the Offsettable Performance Fees that PSCM received with respect to such Fund).
For clarity, as of the date hereof, the sole Fund that generates Offsettable Performance Fees is Pershing Square International, Ltd., a Cayman Islands exempted company.

More Definitions of Performance Fees

Performance Fees means any incentive fees, promotes and/or other performance-based fees;

Performance Fees in the context of a fund, means payment made to an investment manager for generating positive returns for the fund. Performance fee can be calculated based on the increase in net asset value above the high watermark of, or the distributable proceeds of, the relevant fund. Carried interest, which generally represents a share of the relevant fund’s profits that serve as compensation for investment managers, is a type of performance fees

Performance Fees means the Performance Component of the Advisory Fee described in Section 9(a) of that certain Fourth Amended and Restated Advisory Agreement, dated as of June 30, 2017 and effective as of July 1, 2017, among the Advisor, the Borrower and the Trust.

Performance Fees means an annual performance fee payable by each of the Funds. See “Fees and Expenses - Performance Fees”;

Performance Fees means the fees paid by the relevant Shareholders to the Management Company

Performance Fees has the meaning set forth in the Investment Advisory Agreement.

Performance Fees means the Performance Component of the Advisory Fee described in Section 9(a) of that certain Amended and Restated Advisory Agreement (2019), dated as of June 12, 2019 and effective as of July 1, 2017, among the Advisor, the Borrower and the Trust.