Cumulative IRR definition

Cumulative IRR means the cumulative internal rate of return, compounded annually, from the Closing Date to the applicable Monetization Event determination date in question, as determined by the Committee, with respect to an investment equal to the Beginning Equity Value (treated as the amount invested on the Effective Date), treating each amount of CD Cash Received and ME Value Received as a return on that investment on the date(s) actually received.
View Source

Examples of Cumulative IRR in a sentence

  • For so long as any such asset backed loan shall be classified as an Impaired Asset, any loss or gain in respect of such loan shall not be included in the Net Asset Value calculations for purposes of determining the Incentive Fee payable to the Investment Manager under Section 8(b) below or for purposes of determining the Cumulative IRR under Section 16 below.

  • The “Excess Proceeds” shall mean the amount by which the net proceeds from the sale exceed a 25% Cumulative IRR on the Developer’s equity invested into the Development.

Related to Cumulative IRR

  • Cumulative Interest Expense means the aggregate amount of Consolidated Interest Expense paid, accrued or scheduled to be paid or accrued by the Company from January 1, 1993 to the end of the fiscal quarter immediately preceding a proposed Restricted Payment, determined on a consolidated basis in accordance with GAAP.

  • Cumulative impact means the potential impact upon the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a Licensing Authority to consider in developing its Statement of Licensing Policy.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Cumulative Compounded RFR Rate means, in relation to a Loan (or any part of it) accruing interest at the Compounded Reference Rate, the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15C (Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.