; by (II) the commitment approved under subsection (d) plus the regulatory capital of the participating investment company at the time of approval under that subsection. (ii) Determination of percentage The share to which the Administration is entitled under clause (i)— (I) shall be determined at the time of approval under subsection (d); and (II) without the approval of the Administration, shall not be revised, including to reflect subsequent distributions of profits, returns of capital, or repayments of bonds, or otherwise. (C) Profit sharing performance compensation (i) Receipt by Administration The Administration shall receive a share of profits of not more than 2 percent, which shall be deposited into the Fund and be available to make commitments under this subsection. (ii) Receipt by managers The managers of the participating investment company may receive a maximum profit sharing performance compensation of 25 percent minus the share of profits paid to the Administration under clause (i). (D) Prohibition on distributions No distributions on capital, including profit distributions, shall be made by the participating investment company to the investors or managers of the participating investment company until the Administration has received payment of all accrued interest on the bond committed under this section. (E) Repayment of principal Except as described in subparagraph (F), repayments of principal of the bond of a participating investment company shall be— (i) made at the same time as returns of private capital; and (ii) in amounts equal to the pro rata share of the Administration of the total amount being repaid or returned at such time. (F) Liquidation or default Upon any liquidation event or default, as defined by the Administration, any unpaid principal or accrued interest on the bond shall— (i) have a priority over all equity of the participating investment company