Base Return means the Rockpoint Class A Base Return, the MC Class A Base Return and/or the RRT Base Return, as the context requires.
Base Return means 100% of the Face Value, as increased (without duplication, but for the avoidance of doubt including any accrual and any cumulation) by any Accrued Distributions.
Base Return means (i) prior to the third anniversary of the original issuance of the Reorganized Preferred Equity (the “Closing Date”), an amount per share equal to the greater of (x) an “IRR” of 14.0% and (y) a 1.5x “MOIC”; (ii) on or after the third anniversary of the Closing Date but before the fourth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 15.0% and (y) a 1.7x “MOIC”; (iii) on or after the fourth anniversary of the Closing Date but before the fifth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 16.0% and (y) a 1.9x “MOIC”; or (iv) on or after the fifth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 17.0% and (y) a 2.1x “MOIC”. The definitions of “IRR” and “MOIC” shall be set forth in the definitive documentation and calculated using the Initial Liquidation Preference. “Deemed Liquidation Event” means any of the following: (i) the lease of all or substantially all of the assets of the Company or the sale of all or substantially all of the Company’s assets (in each case whether in one transaction or a series of transactions); (ii) upon an acquisition of the Company by another person or entity by means of any transaction or series of transactions (including any reorganization, merger, merger of equals, business combination, consolidation or share transfer) (x) where the holders of the Reorganized Common Equity and Reorganized Preferred Equity of the Company immediately preceding such transaction own, immediately following such transaction, less than 75% of the voting securities of the Company or (y) where the gross proceeds are greater than or equal to an amount equal to 25% of the enterprise value of the Company; (iii) if any person (including any syndicate or group deemed to be a “person” under Section 13(d)(3) of the Securities Exchange Act of 1934, as amended and the rules of the SEC thereunder) is or becomes the “beneficial owner” (as determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended, except that a person will be deemed to own any securities that such person has a right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 25% or more of the total voting power of all classes of voting stock; (iv) on the first day on which a majority of the members of the board of directors of the Company does not consist of Conti...
Examples of Base Return in a sentence
Taxes ROE ROE Base Equity % in Capital Impact of Equity Other than Authorized by (From Incentive % Structure (% above Component of Capital Expense Income Competitive Bid Total Revenues Net Investment FERC (Note Appendix A, Authorized by Col (e) / .01 x Incentive $ (Col base %, -% below base Structure(Col (b) x (i) Base Return and Tax (Line 65 Gross Plant In Allocator (line (Col.
Any amounts earned and received with respect to Synthetic Deposits during any applicable Investment Period in excess of the Base Return shall be for the account of the Administrative Agent.
Effective June 30, 2007, the Base Return was reduced to nil in the formula for calculating Exercise Price reductions.
The Gorgia Court of Appeals is the court of second instance in the state of Gorgia, and thus was likewise competent to hear the appeal.
All other computations of fees and interest (including, without limitation the Base Return and the Pre-Funded L/C Deposit Cash Amounts) shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).
More Definitions of Base Return
Base Return means an amount equal to the Adjusted LIBO Rate for the applicable Investment Period if such deposit were deemed to be a LIBO Rate Loan hereunder for such Investment Period (exclusive of any Applicable Margin that would otherwise be applicable thereto).
Base Return means, as of any date of determination, in respect of the Loans, the return on capital of the Lenders as calculated pursuant to clause (a) of the definition of “Multiple on Invested Capital” and will be achieved if the Multiple on Invested Capital in respect of the Loans as of such date equals or exceeds 1.35 to 1.00; provided that if Payment in Full on this Note occurs on or prior to the
Base Return means an amount equal to the Eurodollar Basis for the applicable Investment Period as if such deposit were deemed to be a Eurodollar Option Loan hereunder for such Investment Period (exclusive of any Applicable Margin that would be applicable thereto).
Base Return means, with respect to a Pre-Funded L/C Deposit for any Investment Period, an amount equal to the Eurodollar Rate for the applicable Investment Period.
Base Return means, in respect of the Synthetic Revolving Deposits for any Investment Period, an amount equal to the sum of the product calculated for each day during such Investment Period of (x) the aggregate amount of the Synthetic Revolving Deposits as of such day less the principal amount of Synthetic Revolving Loans that have not been reimbursed pursuant to Section 2.1.3(d)(i) as of such day multiplied by (y) the difference of (i) the LIBO Rate (Reserved Adjusted) for such Investment Period if such Synthetic Revolving Deposits were deemed to be a LIBO Rate Loan hereunder (exclusive of any Applicable Margin that would otherwise be applicable thereto) minus (ii) an amount equal to ten basis points per annum, in each case, computed on the basis of a year of 360 days and payable for the actual number of days elapsed occurring during such Investment Period.
Base Return means (i) prior to the third anniversary of the original issuance of the Reorganized Preferred Equity (the “Closing Date”), an amount per share equal to the greater of (x) an “IRR” of 14.0% and (y) a 1.5x “MOIC”; (ii) on or after the third anniversary of the Closing Date but before the fourth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 15.0% and (y) a 1.7x “MOIC”; (iii) on or after the fourth anniversary of the Closing Date but before the fifth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 16.0% and (y) a 1.9x “MOIC”; or (iv) on or after the fifth anniversary of the Closing Date, an amount per share equal to the greater of (x) an “IRR” of 17.0% and (y) a 2.1x “MOIC”. The definitions of “IRR” and “MOIC” shall be set forth in the definitive documentation and calculated using the Initial Liquidation Preference.
Base Return means (i) with respect to any LIBO Rate Deposit, an amount equal to the LIBO Rate (Reserve Adjusted) for the Investment Period applicable to such LIBO Rate Deposit if such deposit were deemed to be both a Second Lien Term Loan and LIBO Rate Loan hereunder for such Investment Period (exclusive of any Applicable Margin that would otherwise be applicable thereto) and (ii) with respect to any Base Rate Deposit, an amount equal to the Alternate Base Rate applicable to such Base Rate Deposit if such deposit were deemed to be both a Second Lien Term Loan and a Base Rate Loan hereunder.