DLJMB IRR definition
DLJMB IRR means, as to the DLJMB Entities, the annual discount rate at which the net present value of (i) all investments and capital contributions by the DLJMB Entities in shares of ▇▇▇▇▇▇▇'▇ common equity and (ii) all distributions from ▇▇▇▇▇▇▇ to the DLJMB Entities and other amounts realized (whether from ▇▇▇▇▇▇▇ or third parties, including amounts realized upon a DLJMB Liquidation Event) by the DLJMB Entities with respect to the DLJMB Entities' shares of ▇▇▇▇▇▇▇'▇ common equity, equals zero. The DLJMB IRR calculation shall be determined from and including the date upon which each investment and capital contribution is made by the DLJMB Entities to and including the date any distribution is made or other amount is realized on account thereof, calculated on the actual number of days elapsed over a 365 or 366-day year, as the case may be. All calculations of the DLJMB IRR shall be determined on a pro-forma basis reflecting the Option Shares that have become vested prior to a DLJMB Liquidation Event and the Option Shares becoming vested as of the DLJMB Liquidation Event.
DLJMB IRR is defined as that annual discount rate which, when applied to (i) all investments by the DLJMB entities in Shares of Common Stock of the Company and (ii) all amounts realized by the DLJMB entities with respect to such Shares causes the net present value of such investments and amounts realized to equal zero, as determined on a pro forma basis reflecting the Shares issuable pursuant to Options that have become vested prior to the Liquidation Event and the Shares issuable pursuant to Options becoming vested as of the Liquidation Event.