Incentive Fee. The fee paid to the Manager at the end of each Fiscal Year and accrued at the end of each Incentive Period (as defined below) which is based upon the performance of the Company. The Incentive Fee is an amount equal to 10% of each Member’s Net Profits in excess of such Member’s Loss Carryforward Amount (before any accruals of Incentive Fees).
Appears in 17 contracts
Samples: Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC), Limited Liability Company Agreement (PNC Long-Short Fund LLC)
Incentive Fee. The fee paid to the Manager at the end of each Fiscal Year and accrued at the end of each Incentive Period (as defined below) which is based upon the performance of the Company. The Incentive Fee is an amount equal to 10% of each Member’s Net Profits in excess of such Member’s Loss Carryforward Amount (before any accruals of Incentive Fees); provided, however, that an Incentive Fee will only be charged when the Net Profit exceeds the Benchmark Return.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC)
Incentive Fee. The fee paid to the Manager at the end of each Fiscal Year fiscal year and accrued at the end of each Incentive Period (as defined below) which is based upon the performance of the Company. The Incentive Fee is an amount equal to 10% of each Member’s Net Profits 's net profits in excess of such Member’s 's Loss Carryforward Amount (before any accruals of Incentive Fees).
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC), Liability Company Agreement (Mercantile Long Short Manager Fund LLC), Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC)
Incentive Fee. The fee paid to the Manager at the end of each Fiscal Year and accrued at the end of each Incentive Period (as defined below) which is based upon the performance of the Company. The Incentive Fee is an amount equal to 10% of each Member’s Net Profits in excess of such Member’s Loss Carryforward Amount (before any accruals of Incentive Fees)) and the Benchmark Return.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC)
Incentive Fee. The fee paid to the Manager at the end of each Fiscal Year fiscal year and accrued at the end of each Incentive Period (as defined below) which is based upon the performance of the Company. The Incentive Fee is an amount equal to 10% of each Member’s Net Profits 's net profits in excess of such Member’s 's Loss Carryforward Amount (before any accruals of Incentive Fees); provided, however that an Incentive Fee will only be charged when the Net Profit exceeds the Benchmark Return.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC)
