Hurdle Rate definition

Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

Hurdle Rate means, with respect to any fiscal quarter, the greater of (i) 9% and (ii) 3% plus the Ten-Year U.S. Treasury Rate for such fiscal quarter.

Hurdle Rate means a Total Return per Unit of 6%, as determined on the first business day of each fiscal year and applicable for the entire fiscal year;

Examples of Hurdle Rate in a sentence

• The Hurdle Rate is set down in the Special Part applying to the relevant Sub-Fund.

• As a rule, any claim to the Performance Fee may also be made dependent on whether the change in the net asset value of the respective Share Class of the Sub-Fund from the beginning of the Performance Fee Period until the valuation day is greater than the performance of the Hurdle Rate de- fined in the respective Sub-Fund for the relevant Share Class over this period ("Performance Fee Period Outperformance").

• The Hurdle Rate is a benchmark or a percentage; this does not have to be a fixed number but may be a varying one which can be adjusted on the last valuation day of the Perfor- mance Fee Period in line with prevailing market conditions.

• Fundrise Advisors, LLC, ManagerThe Manager and certain affiliates of the Manager will receive fees and compensation in connection with the Company’s Offering, and the acquisition, management and sale of the Company’s real estate investments.The Manager is reimbursed for organizational and offering expenses incurred in conjunction with the Offering upon meeting the Hurdle Rate.

• Unless the Special Part provides otherwise for a Share Class, pursuant to the Hurdle Rate Principle, a Performance Fee shall be owed if the change in the net asset value of the rele- vant Share Class from the preceding valuation day to the cur- rent valuation day is greater than the performance of the Hur- dle Rate over this period (outperformance).

More Definitions of Hurdle Rate

Hurdle Rate means the applicable percentage rate per annum displayed on NASDAQ OMX’s website for STIBOR fixing (or through another website replacing it) as of or around 11.00 a.m. on the second Business Day prior to last day of each relevant financial quarter for the offering of deposits in Swedish Kronor for a 3-month period, plus four (4) per cent per annum (calculated on the actual number of days elapsed on a 360 day/year basis).

Hurdle Rate means the minimum annual rate of return that must be achieved before a Non-Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). The Hurdle Rate will be adjusted for any distributions in the case of Unit Classes that pay periodic and/or ad-hoc distributions. This rate is accrued daily.

Hurdle Rate means the rate defined at the beginning of the Class Incentive Period by: - EONIA capitalised rate for Classes denominated in EUR;- Fed Funds rate for Classes denominated in USD;- Libor GBP 1W rate for Classes denominated in GBP;- Libor-CHF 1W rate for Classes denominated in CHF;- Libor-JPY 1W rate for Classes denominated in JPY;- Libor SEK 1M rate for Classes denominated in SEK;- Libor NOK 1M rate for Classes denominated in NOK;- Libor HKD 1M rate for Classes denominated in HKD;- Czech Interbank Offer Rate (CZK) 1M rate for Classes denominated in CZK;- SOFIBOR (BGN) 1M rate for Classes denominated in BGN;- ROBOR (RON) 1M rate for Classes denominated in RON;- Croatia Zagreb Interbank Offer Rate (ZIBOR) 1M rate for Classes denominated in HRK;- South Africa Johannesburg Interbank Agreed Rate 1M rate for Classes denominated in ZAR. If the Hurdle Rate of the relevant Class is lower than 0, it will be valued at 0.For the avoidance of doubt, the Hurdle rates defined above are compounded on each Business Day at the prevailing rate.

Hurdle Rate means the Base Rate plus the product of the First Target Rate and* the Second Target Rate.

Hurdle Rate means the 3-month LIBOR rate of the respective Share Class Currency (subject to a floor of 0%), which is reset at the end of each quarter (on the last Valuation Day in March, June, September and December) for the following calendar quarter. If LIBOR ceases to be available or, in the opinion of the Board of Directors, ceases to be a suitable rate for this purpose, then the Board of Directors may determine a replacement rate at its sole discretion.

Hurdle Rate means, with respect to the Incentive Period, that rate determined from time to time by the Directors and approved in the manner contemplated by the 1940 Act, such rate initially to be the yield-to-maturity of the 90-day U.S. Treasury Xxxx as reported by the Wall Street Journal for the last business day of the preceding calendar year of the Partnership. Hurdle Rates will not be cumulative and will be recalculated with respect to each Incentive Period. The Hurdle Rate for a given Incentive Period will be adjusted with respect to any contributions, transfers, distributions, withdrawals and repurchases applicable to a Limited Partner's Capital Account for that Incentive Period, or portion thereof.

Hurdle Rate means a benchmark as defined by Management Company to measure the performance of the fund for calculating performance fee.