Target Allocations. Unless determined otherwise in the sole discretion of the PMC Chairman, and subject to Section 2(c) and (d), the Current Cash Percentage, the DCI Percentage and the Unit Percentage of the Variable Distribution for any Fiscal Year shall be determined by the PMC Chairman such that the percentages of the Total Annual Amount for such Fiscal Year represented by Current Cash (including Quarterly Payments), Deferred Cash Interests and the Variable Class D Unit Distribution are as set forth below (the “Target Allocation Percentages”), or as close to such Target Allocation Percentages as possible, provided that Current Cash (including Quarterly Payments) shall represent not less than 60% of the Total Annual Amount for any Fiscal Year: Current Cash (including Quarterly Payments) 60% Deferred Cash Interests 15% Variable Class D Unit Distribution 25%
Appears in 3 contracts
Sources: Partner Agreement (Sculptor Capital Management, Inc.), Partner Agreement (Sculptor Capital Management, Inc.), Partner Agreement (Sculptor Capital Management, Inc.)