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ned to the Affiliated Members pursuant to clause (i) above shall be distributed to such Persons, and the Distributable Proceeds apportioned to each Unaffiliated Member pursuant to clause (i) above (the "Reapportionable Proceeds") shall be distributed between such Unaffiliated Member and the Manager as follo
h Unaffiliated Member, until such Unaffiliated Member's Unpaid Preferred Return is reduced to zero (0); (c) third: until the sum of the remaining Reapportionable Proceeds and the cumulative amount of all distributions made to such Unaffiliated Member pursuant to this clause (c)(1) is equal to the Hurdle Amount 11 C
ned to the Affiliated Members pursuant to clause (i) above shall be distributed to such Persons, and the Distributable Proceeds apportioned to each Unaffiliated Member pursuant to clause (i) above (the "Reapportionable Proceeds") shall be distributed between such Unaffiliated Member and the Manager as follo
ffiliated Member, until such Unaffiliated Member's Unpaid Preferred Return is reduced to zero (0); (c) third: (I) until the sum of the remaining Reapportionable Proceeds and the cumulative amount of all distributions made to such Unaffiliated Member pursuant to this clause (c)(I) is equal to the Hurdle Amount 11 E
ed to the Affiliated Members pursuant to clause (i) above shall be distributed to such Persons, and the Distributable Proceeds apportioned to each Unaffiliated Member pursuant to clause (i) above (the "Reapportionable Proceeds") shall be distributed between such Unaffiliated Member and the Manager as fol
ffiliated Member, until such Unaffiliated Member's Unpaid Preferred Return is reduced to zero (0); (c) third: (I) until the sum of the remaining Reapportionable Proceeds and the cumulative amount of all distributions made to such Unaffiliated Member pursuant to this clause (c)(I) is equal to the Hurdle Amount 11 E
Entities connected to both Unaffiliated and Reapportionable Proceeds

New York
LOCATIONRestated Limited Liability Company Agreement
ORGANIZATIONthe Confidential Information
ORGANIZATIONUnaffiliated Member's
ORGANIZATIONUnpaid Preferred Return
ORGANIZATIONthe Carried Interest
ORGANIZATIONthe Confidential Offering Memorandum
ORGANIZATIONTreasury Regulations
ORGANIZATIONRepresentatives
ORGANIZATIONGeorge Town
PERSONUK) Ltd.
ORGANIZATIONAdjusted Capital
ORGANIZATIONthe Tender Offer
ORGANIZATIONArticles IV
ORGANIZATIONBHC Act
ORGANIZATIONSections of this Agreement
ORGANIZATIONEric Meyer
PERSONWNL Limited
ORGANIZATIONthe Limited Liability Companies Law
ORGANIZATIONLong Term Insured Credit Fund
ORGANIZATION