Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document details the distribution of Carried Interest from the Fund to the Manager and Unaffiliated Members, outlining the percentages and conditions for such distributions. It also addresses tax distributions to the Manager and limitations on distributions based on legal compliance.
Metadata
- Subject
- Distribution of Carried Interest
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0042791, SDNY GM_00188975
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Manager | Business | Fund | The Manager is responsible for managing the Fund and receiving Carried Interest. |
| Unaffiliated Member | Business | Fund | Unaffiliated Member receives distributions from the Fund. |
| Affiliated Members | Business | Manager | The Manager may reduce, waive, or rebate the Carried Interest with respect to any Member, including Affiliated Members. |
Notable Quotes 3
"For the avoidance of doubt, with respect to any distribution made by the Fund prior to the one (1) year anniversary of the Closing Date, the Carried Interest calculation shall be made (in accordance with Section 4.2.1) as a percentage of the total dollar amount of the portion of Reapportionable Proceeds for such period that represents net investment profits (and not as a percentage of annualized net investment return for such period)."
"Notwithstanding anything to the contrary in this Agreement, the Manager may, in its sole discretion, reduce, waive or rebate the Carried Interest with respect to any Member, including, without limitation, Affiliated Members, in each case without entitling any other Member to the same or similar reduction, waiver or rebate, and shall not be required to obtain the consent or approval of, or give notice to, any Member in connection therewith."
"Notwithstanding anything to the contrary contained herein, no distribution pursuant to this Agreement shall be made if the Manager determines, based on the opinion of reputable outside legal counsel, that such distribution would violate the LLC Law or any applicable law."
Financial Information
Amounts:25%
Transactions:
- Distribution of Carried Interest to the Manager
- Tax distributions to the Manager
- Distributions to Unaffiliated Member
Legal Compliance
- Distributions must comply with the LLC Law and any applicable law.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 1
Fund
Locations 2
New YorkNew York
Text Analysis
- Tone
- Professional
- Purpose
- To define the distribution of Carried Interest and tax distributions within the Fund.
- Significance
- This document outlines the financial arrangements and legal limitations regarding the distribution of funds within the Fund, particularly concerning the Manager's Carried Interest.
File Info
- File Name
- EFTA01356756.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:47.947861
- DOJ Source
- View on DOJ