Incremental Return definition
Incremental Return means return on Group 1's investment in the operations of the Carr▇▇▇ ▇▇▇up that were not a part of the Companies on the date of this Agreement (total income after income taxes divided by total investment). " Income" and "investment" used for these purposes will be before any Group 1 management fees, allocations of indirect costs, cost of capital (including interest, loan origination fees, points and any other expenses incurred in obtaining or maintaining a loan) or amortization of goodwill. "Total investment" in these operations will include any loan proceeds, cash or stock invested by Group 1 to acquire the operations added to the Carr▇▇▇ ▇▇▇up after the date of this Agreement (including all investments made by Group 1 as a condition to manufacturer approval of such acquisitions).
Incremental Return means for any period the quotient of (a) the Incremental Target Amount for such Measurement Period, divided by (b) $1,000,000; provided, that such amount shall be rounded down to the nearest whole number.
Incremental Return means, in respect of any Coal Year during the period from April 1, 2003 to March 31, 2007, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year, and (b) the Partnership Synergies achieved in such year, exceeds the aggregate of (i) Elkview Distributable Cash for the year ended December 31, 2002, (ii) the sum of $25 million, and (iii) the cumulative amount of the Incremental Return for each of the preceding Coal Years;
Examples of Incremental Return in a sentence
To the extent that Group 1's Incremental Return exceeds 11%, the Group 1 investment will be increased to a level which will yield this required rate of Incremental Return.
More Definitions of Incremental Return
Incremental Return means, in respect of any coal year during the Period, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year and (b) the Synergies achieved during such year, exceeds the aggregate of (x) Elkview Distributable Cash for the year ended December 31, 2002, (y) the sum of $25 million and (z) the cumulative amount of the Incremental Return for each of the preceding coal years during the Period. • At the end of each coal year during the Period, Teck’s Distribution Entitlement (as defined below) will be permanently increased by 0.1% in respect of each $1 million of Incremental Return in such coal year. Any such increase will be made, effective as at the end of such coal year, by an increase in Teck’s Distribution Entitlement and in corresponding decrease in the Distribution Entitlement of Fording Holdco. • Any dispute with respect to the determination of Incremental Returns will be resolved through a dispute resolution mechanism to be established in the definitive agreement. Distribution Policy: • The Partnership will distribute to its Partners in proportion to their respective Distribution Entitlements distributable cash on a monthly basis. Distributable cash will be defined as all the Partnership's available cash after reservation for:
Incremental Return means, in respect of any coal year during the Period, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year and (b) the Synergies achieved during such year, exceeds the aggregate of (x) Elkview Distributable Cash for the year ended December 31, 2002, (y) the sum of $25 million and (z) the cumulative amount of the Incremental Return for each of the preceding coal years during the Period. o At the end of each coal year during the Period, Teck's Distribution Entitlement (as defined below) will be permanently increased by 0.1% in respect of each $1 million of Incremental Return in such coal year. Any such increase will be made, effective as at the end of such coal year, by an increase in Teck's Distribution Entitlement and in corresponding decrease in the Distribution Entitlement of Fording Holdco. o Any dispute with respect to the determination of Incremental Returns will be resolved through a dispute resolution mechanism to be established in the definitive agreement.