Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / gp-llc-agreement.docx
gp-llc-agreement.docx
Parties
GP LLC
Harrowgate Capital Partners LLC
Parallel LP
Fund LP
Parallel Fund LP
Harkness LLP
Pinnacle Fund Services LLC
Osprey Capital Markets LLC
Dates
Amounts
$2,000,000,000
$50,000,000
$3,500,000
$75,000,000
$250,000,000
$400,000,000
$350,000
$425,000
$1,500,000,000
$500,000,000
Obligations
NOW, THEREFORE, in consideration of the mutual covenants, agreements, and promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Member hereby agrees as follows: ARTICLE I — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Fund LPA
"GP Commitment" means the aggregate capital commitment of the Company (or the Member, at the Member's election) to the Fund, which shall be equal to two and one-half percent (2
At the Fund's target hard cap of Two Billion Dollars ($2,000,000,000), the GP Commitment shall equal Fifty Million Dollars ($50,000,000)
"Preferred Return" or "Hurdle Rate" means eight percent (8%) per annum, compounded annually, as defined and applied in the Fund LPA, representing the cumulative compounded annual return on net contributed capital that must be distributed to limited partners before the Company becomes entitled to receive Carried Interest
"Transaction Fees" means all net transaction fees, monitoring fees, directors' fees, break-up fees, topping fees, and similar fees received by the Company or any of its Affiliates from portfolio companies of the Fund, one hundred percent (100%) of which shall offset the Management Fee payable by the Fund