Equity IRR definition

Equity IRR means the projected annually compounded rate of return to the shareholders of the Developer on the Equity invested in the Project over the full or part of the Term beginning from the Effective Date till any date of consideration before the expiry of the Term. For the purposes of computing Equity IRR all payments toward Equity shall be considered as cash inflows and all Distributions shall be considered as cash outflows (in case of Distribution in kind, the same shall be converted into cash) in the Financial Year in which such cash flows take place;

Equity IRR means Project Co's Nominal blended equity internal rate of return calculated on an after-tax basis at the level of Project Co in accordance with the Financial Model as shown in Cell ▼ of the Outputs Summary Sheet, having regard to Distributions made and projected to be made;

Equity IRR means the projected blended rate of return to the Relevant Persons over the full term of this Agreement, having regard to Distributions made and projected to be made;

Examples of Equity IRR in a sentence

• In the event that a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in an increase to the Initial Equity IRR in excess of five bps, the Public Funds Amount will be decreased in an amount so as to return the Base Case Equity IRR to the Initial Equity IRR, and the Initial Base Case Financial Model will be updated to reflect such adjustment.

• If a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in a decrease to the Initial Equity IRR, the Initial Base Case Financial Model will be updated, subject to prior review and approval by the Department, to reflect any adjustments, however the Public Funds Amount will not change.

• In addition to the above, this Financial Close Adjustment Protocol analysis will be based on the Initial Pre-Refinancing Equity IRR, which means the Initial Equity IRR assuming all refinancing assumptions in the model are inactive.

• The outputs show the reference project tariff required to deliver the Equity IRR.

• Interest shall accrue at a rate per annum equal to the Equity IRR on the Optional Termination Amount Holdback Amount from (but excluding) the Optional Termination Amount Payment Date to (and including) the Optional Termination Amount True Up Payment Date to the extent that the Optional Termination Amount Holdback is determined to be payable to the Generator pursuant to Section 16.6(f).

More Definitions of Equity IRR

Equity IRR means a blended nominal Post-Tax rate of return on Contributed Unreturned Equity and Subordinate Debt over the full Term (excluding potential extensions of the Term) equal to that projected in the Base Case Financial Model, which rate of return will be confirmed by the Parties promptly after the applicable date or dates under clause (a) or (b) below takes effect, calculated from the first to occur of the following dates through the end of the Term (excluding potential extensions of the Term): (a) the date or dates on or after the Effective Date that actual funding to Developer occurs; or (b) the date on or after the Effective Date that both the following exist or occur: (i) Developer receives a binding, written, unconditional commitment of equity and/or, if applicable, Subordinate Debt, available on demand; and

Equity IRR means the internal rate of return on equity investment of the project based on projected/actual cash flows during the Concession Period.

Equity IRR means the projected internal rate of return to all shareholders of Project Co taking into account their shareholdings which internal rate of return is consistent with the Financial Model.

Equity IRR means the projected after-tax internal average annual rate of return on Equity Capital as shown in the Financial Model in connection with the Project over the full term of this Agreement, taking into account the aggregate of all the Sponsors' investments and of all Distributions made and projected to be made;

Equity IRR means at any time the nominal after tax projected blended rate of return over the full term of this Agreement, having regard to Distributions made and projected to be made, calculated at that time strictly in accordance with the methodology used to calculate Equity IRR in the Financial Model as at the Effective Date.

Equity IRR means the projected internal rate of return to the Equity Provider over the full term of this Project Agreement, taking into account the aggregate of all its investments and of all Distributions made and projected to be made.

Equity IRR means the meaning given to it in Clause 26.7; FDBMT or Finance, Design, Build, Maintain and Transfer shall have the meaning set forth in Recital (B); Fast Track Resolution Procedure means the fast track resolution procedure set out in Clause 39.4; Fee has the meaning given to it in Clause 22.2.1;