Cash-on-Cash Multiple definition
Cash-on-Cash Multiple means the multiple as determined by the Board which measures the cash return to the Group from the NVF over the applicable Target Proceeds Performance Period.
Cash-on-Cash Multiple means an amount defined as (x) divided by (y), where:
Cash-on-Cash Multiple. ’ means the Collections to Date plus the 84-Month ERC, all divided by the purchase price for each portfolio.
Examples of Cash-on-Cash Multiple in a sentence
For the avoidance of doubt, if after a period of thirteen (13) Financial Years of the Borrower commencing with the Financial Year in which the Borrower is first required to pay Variable Remuneration to the Bank, the Variable Remuneration received by the Bank has not led to the Bank having reached a Cash-on-Cash Multiple of 2.8, the Variable Remuneration will continue to be due until the Cash-on-Cash Multiple of 2.8 has been reached.