Epstein Secrets

contributing partners hold their Apollo Operating Group units: ' IRS" refers to the Internal Revenue Service; "managing partners" refers to Messrs. Leon Black. Joshua Harris and Marc Rowan collectively and. when used in reference to holdings of interests in Apollo or Holdings. includes certain related part

Apollo Operating Group. entered into ("the AMH credit facility"). under which AMH borrowed a $1.0 billion variable-rate term loan if either (i) Mr. Black, together with related persons or trusts, shall cease as a group to participate to a material extent in the beneficial ownership of AMH or (ii) two

lect the disproportionate income allocation to our managing partners and contributing partners with respect to "built-in gain" assets at the time of the Private Offering Transactions. There may be circumstances under which we are restricted from paying distributions under applicable law or regulation (for example. due to Delaware

007 (the "Reorganization"). The Company is managed and operated by its manager. AGM Management. LLC. which in turn is wholly-owned and controlled by Leon Black. Joshua Harris and Marc Rowan (the "Managing Partners"). As of December 31. 2011. the Company owned. through three intermediate holding companies th

h in turn is wholly-owned and controlled by Leon Black. Joshua Harris and Marc Rowan (the "Managing Part

contributing partners. representing all of the undistributed earnings generated by the businesses contributed to the Apollo Operating Group prior to the Private Offering Transactions. For this purpose. income attributable to carried interest on private equity funds related to either carry-generating transactions that closed prior

other material indebtedness, bankruptcy and insolvency. In addition, it will be an event of default under the AMH credit facility if either (i) Mr. Black, together with related persons or trusts, shall cease as a group to participate to a material extent in the beneficial ownership of AMH or (ii) two

taking into account Apollo's capital needs as well as actual and potential earnings and borrowings. Distribution to Our Managing Partners Prior to the Private Offering Transactions On April 20, 2007, AMH, one of the entities in the Apollo Operating Group, entered into a credit facility, or the "AMH credit facility," under whic

ch is further described in "Certain Relationships and Related Party Transactions—Agreement Among Managing Partners" in our 2015 Annual Report), Mr. Black, as a member of the executive committee of our manager, will have the right of veto over, among other things a sale or other disposition of the Apol

Shareholders Agreement" in our 2015 Annual Report, which is incorporated by reference in this prospectus. Roll-Up Agreements Upon consummation of the Private Offering Transactions, we entered into roll-up agreements with the Contributing Partners and Holdings. See "Certain Relationships and Related Party Transactions—Roll-Up