The Carried Clause Samples

The Carried clause defines the rights and entitlements of the party known as the "Carried" in a financial or investment arrangement, typically in private equity or venture capital contexts. This clause specifies how the Carried party receives a share of profits—often a percentage of returns above a certain threshold—without being required to contribute capital to the investment. For example, a fund manager may be entitled to 20% of profits after investors have received their initial investment back. The core function of this clause is to incentivize the Carried party to maximize returns, while clearly outlining their share of profits and aligning their interests with those of the investors.
The Carried. Common Units shall include a time-vesting component and performance-vesting component, and shall be subject to vesting in the manner specified in this Section 2.
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The Carried. Common Units shall be subject to vesting in the manner specified in this Section 9.
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The Carried. Interest of a Party may be transferred or otherwise dealt with in accordance with this Agreement as a Percentage Interest, provided that any transfer of a Percentage Interest by a Party holding the Carried Interest (or part thereof) shall clearly identify the extent (if any) to which the Percentage Interest so transferred comprises the Carried Interest (or part thereof) of that Party.
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The Carried. Funding Amount shall be increased from 70% to 100% and any reference in the Carried Funding Loan documents to a $600,000,000 limit shall be deleted; and
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The Carried. Funding Interest Rate shall be the 7-year US Treasury Bond rate existing on the earlier of (i) the date of announcement of a construction decision; or (ii) December 31, 2010, in each case plus 187 basis points. For purposes of this Section 3.2, unless otherwise provided, each capitalized term shall have the meaning given to such term in the Carried Funding Loan Agreement.
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The Carried. Interest Owner shall have no rights under the provisions of the Clause of the Operating Procedure entitled "Independent Drilling and Deepening".
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Related to The Carried

  • Carried Ayes-18, Nays-0, Absent-1 (▇▇▇▇▇▇) RESOLUTION NO. 134

  • Business Automobile Liability insurance with a combined Bodily Injury/Property Damage limit of not less than $1,000,000 each accident. The policy shall cover liability arising from the operation of licensed vehicles by policyholder.

  • General Services JHSS shall be responsible for administering and/or performing the customary services of a transfer agent and dividend disbursing agent; acting as service agent in connection with dividend and distribution functions; and for performing shareholder account and administrative agent functions in connection with the issuance, transfer and redemption or repurchase (including coordination with the Custodian) of Shares of each Fund, as more fully described in Schedule 1 - Duties of JHSS attached hereto and made part hereof, and in accordance with the terms of the Prospectus and Statement of Additional Information of the Fund, applicable laws and the procedures established from time to time between the Fund and JHSS.

  • Commercial Automobile Insurance If the Grantee’s duties include the use of a commercial vehicle, the Grantee shall maintain automobile liability, bodily injury, and property damage coverage. Insuring clauses for both bodily injury and property damage shall provide coverage on an occurrence basis. The Department, its employees, and officers shall be named as an additional insured on any automobile insurance policy. The minimum limits shall be as follows: $200,000/300,000 Automobile Liability for Company-Owned Vehicles, if applicable $200,000/300,000 Hired and Non-owned Automobile Liability Coverage

  • Business Landlord acknowledges that it is not the intent of this Section 30 to prohibit Tenant from using the Premises for the Permitted Use. Tenant may operate its business according to prudent industry practices so long as the use or presence of Hazardous Materials is strictly and properly monitored according to all then applicable Environmental Requirements. As a material inducement to Landlord to allow Tenant to use Hazardous Materials in connection with its business, Tenant agrees to deliver to Landlord prior to the Commencement Date a list identifying each type of Hazardous Materials to be brought upon, kept, used, stored, handled, treated, generated on, or released or disposed of from, the Premises and setting forth any and all governmental approvals or permits required in connection with the presence, use, storage, handling, treatment, generation, release or disposal of such Hazardous Materials on or from the Premises (“Hazardous Materials List”). Tenant shall deliver to Landlord an updated Hazardous Materials List at least once a year and shall also deliver an updated list before any new Hazardous Material is brought onto, kept, used, stored, handled, treated, generated on, or released or disposed of from, the Premises. Tenant shall deliver to Landlord true and correct copies of the following documents (the “Haz Mat Documents”) relating to the use, storage, handling, treatment, generation, release or disposal of Hazardous Materials prior to the Commencement Date, or if unavailable at that time, concurrent with the receipt from or submission to a Governmental Authority: permits; approvals; reports and correspondence; storage and management plans, notice of violations of any Legal Requirements; plans relating to the installation of any storage tanks to be installed in or under the Project (provided, said installation of tanks shall only be permitted after Landlord has given Tenant its written consent to do so, which consent may be withheld in Landlord’s sole and absolute discretion); all closure plans or any other documents required by any and all federal, state and local Governmental Authorities for any storage tanks installed in, on or under the Project for the closure of any such tanks; and a Surrender Plan (to the extent surrender in accordance with Section 28 cannot be accomplished in 3 months). Tenant is not required, however, to provide Landlord with any portion(s) of the Haz Mat Documents containing information of a proprietary nature which, in and of themselves, do not contain a reference to any Hazardous Materials or hazardous activities. It is not the intent of this Section to provide Landlord with information which could be detrimental to Tenant’s business should such information become possessed by Tenant’s competitors.