Prospective Application. Any reduction of a Sharing Ratio for any Investment of such Series pursuant to this Section 10.03 shall apply only prospectively from the date of the reduction, and no such reduction shall diminish a Class B Limited Partner’s entitlement to prior distributions that have actually been made (or deemed to have been made by the Partnership) before the Termination Date.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Carlyle Group L.P.), Limited Partnership Agreement (Carlyle Group L.P.)