Investor IRR means the pre-tax compounded annual internal rate of return calculated on a quarterly basis realized to the Investor on the Investor Investment, based on the aggregate amount invested by the Investor for all Investor Investments and the aggregate amount received by the Investor for all Investor Investments, assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual cash received by the Investor in respect of all Investor Investments and including, as a return on such investment, any cash dividends, cash distributions or cash interest made by the Company or any Subsidiary in respect of such investment during such period, but excluding any other amounts payable that are not directly attributable to the Investor Investment.
Investor IRR means the pretax compounded annual internal rate of return calculated on a quarterly basis realized by the Investor on the Investor Investment, based on the aggregate amount invested by the Investor in respect of all Investor Investments and the aggregate amount of cash dividends and sale proceeds received by, and Distributed Securities distributed to, the Investor in respect of all Investor Investments, assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual cash received by, and Distributed Securities distributed to, the Investor in respect of all Investor Investments and including, as a return on each Investor Investment, any cash dividends, cash distributions, cash sales or cash interest made by the Company or any Subsidiary in respect of such Investor Investment during such period, but excluding any other amounts payable that are not directly attributable to an Investor Investment (including, without limitation, any management, transaction, monitoring or similar fees). For purposes of determining Investor IRR in respect of Distributed Securities, the fair market value of those securities on the date on which the Distributed Securities are distributed shall be used for purposes of calculating the annual internal rate of return, and such date shall be deemed the date on which the return on the Investor Investment was received by the Investor.
Investor IRR means, for any Holder, the IRR calculated on the Capital Contribution of each Holder, measured from the date such Holder was admitted to the Company (provided that for these purposes, the Company may assume that each Holder admitted to the Company during a month was admitted on the last day of such month) and assuming that the value of the Class A Investor Shares owned by such Holder is equal to the Residual Amount. The Investor IRR of a Holder who did not acquire his, her, or its Class A Investor Shares directly from the Company shall (i) be measured from the date the original owner of such Class A Investor Shares acquired such Class A Investor Shares from the Company, and (ii) take into account all distributions made with respect to Class A Investor Shares, to all owners.
Examples of Investor IRR in a sentence
If, upon the liquidation and dissolution of the Company, any Final Holder has received an Investor IRR of less than seven percent (7%), then each Affiliated Person who has received an Excess Distribution shall re-contribute to the Company such Excess Distributions and such Excess Distributions shall be distributed to such Final Holders until each Final Holder has received an Investor IRR of seven percent (7%).
Similarly, all Excess Distributed to Final Holders pursuant to section 3.5.1 shall be distributed on a pro rata basis, based on the amount required for each Final Holder to receive an Investor IRR of seven percent (7%).
Any unvested Tranche B Restricted Units and Tranche C Restricted Units held by the Participant upon the occurrence of a Change in Control shall vest, if at all, based on the Investor IRR and MOIC returns realized by the Investors based on the cash proceeds received as a result of such transaction.
All decisions by the Committee with respect to any calculations pursuant to this Section 4 (absent manifest error), including the Investor IRR and the date the Investor IRR is equal to or exceeds the applicable targets, shall be final and binding on the Optionee.
All of the Tranche C Options shall become Vested Options on the eighth anniversary of the Grant Date; provided, however, that in the event the Investor IRR equals or exceeds 30% prior to the eighth anniversary, the Tranche C Options will vest as of the date that such Investor IRR is realized.
More Definitions of Investor IRR
Investor IRR means, for any Holder and any Project, the IRR calculated on the portion of the Capital Contribution of such Holder (or such Holder’s predecessor(s) in interest) allocated to such Project in the discretion of the Manager, measured from the date such Holder was admitted to the Company (provided that for these purposes, the Company may assume that each Holder admitted to the Company during a month was admitted on the last day of such month) and taking into account all distributions made with respect to such Holder (or such Holder’s predecessor(s) in interest) with respect to such Project.
Investor IRR means the pretax compounded annual internal rate of return calculated on a quarterly basis realized by the Investors on the Investor Investment, based on the aggregate amount invested by the Investors for all Investor Investments and the aggregate amount of cash that was distributed to the Investors in respect of all Investor Investments, assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual cash received by the Investors in respect of all Investor Investments and including, as a return on each Investor Investment, any cash dividends, cash distributions, cash sales or cash interest made by the Company in respect of such Investor Investment during such period, but excluding any other amounts payable that are not directly attributable to an Investor Investment and excluding any management fees.
Investor IRR means the annual discount rate which, when used to calculate the net present value of the sum of (i) the aggregate amount of all Investor Proceeds and (ii) the Investor Investment Amount causes such net present value to equal zero. For purposes of the net present value calculation, (A) Investor Proceeds shall be positive numbers and (B) the Investor Investment Amount shall be a negative number. In determining the Investor IRR, cash payments, other cash Distributions and the Fair Market Value of all other property included within the Investor Proceeds will be measured from the day on which the Investors actually receive such payments, Distributions or other property, and Investor Investment Amount will be measured from the day on which the payments, investments and contributions included therein are actually received by the Company or other recipient thereof.
Investor IRR means the pretax compounded annual internal rate of return realized by the Investor on the Investor Investment, based on the aggregate amount invested by the Investor for all Investor Investments and the aggregate amount of cash received by the Investor in respect of all Investor Investments, assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual cash received by the Investor in respect of all Investor Investments and including, as a return on each Investor Investment, any cash dividends, cash distributions, cash sales or cash interest made by the Company or any Subsidiary in respect of such Investor Investment during such period, but excluding any other amounts payable that are not directly attributable to an Investor Investment, including, without limitation, any fees payable pursuant to (x) the Management Fee Agreement, dated as of May 18, 2007, by and among the Company, Apollo Management VI, L.P., and Apollo Alternative Assets, L.P. and (y) the Transaction Fee Agreement, dated as of May 18, 2007, by and among the Company, Apollo Management VI, L.P. and Apollo Alternative Assets, L.P.
Investor IRR means the pretax compounded annual internal rate of return calculated on a quarterly basis realized by the Apollo Group on the Investor Investment, based on the aggregate amount invested by the Apollo Group for all Investor Investments and the aggregate amount of actual Cash received by the Apollo Group in respect of all Investor Investments, assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual Cash received by the Apollo Group as a return on each Investor Investment (including by way of a Transfer of Units); provided that the calculation of the Investor IRR for actual Cash received prior to the third anniversary of the Closing Date will be calculated as if such Cash had been received on the third anniversary of the Closing Date. Actual Cash received consists of any Cash dividends, Cash distributions, Cash sales or Cash interest made by the Partnership or any Subsidiary in respect of such Investor Investment during such period, but excludes any other amounts payable that are not directly attributable to an Investor Investment (such as fees for goods or services rendered).
Investor IRR means the internal rate of return (expressed as an annual percentage) actually achieved on payments made in respect of the Investment by reference to the Investor Cash Flow up to and including the Exit Date (including for the avoidance of doubt, the sale of Loan Notes, Dollar Preference Shares, and New Preference Shares), such rate being calculated in accordance with generally accepted venture capital industry practice and agreed between (i) the holders of 51% or more of the A Shares and (ii) the holders of 51% or more of the B Shares, C Shares and D Shares (as if one class of share) or, in default of agreement as determined in accordance with Article 2.4. For the avoidance of doubt, the Investor IRR shall be calculated in US dollars, on a cash in cash out basis by reference to the relevant exchange rates at the date of investment and the date of receipt;
Investor IRR means, on any given date, a pretax compounded annual internal rate of return realized by the Investors after December 27, 2007 (the “Closing Date”) on any Shares held by the Investors on a per Share, fully diluted basis (including all Shares subject to all outstanding options granted to any persons under the Plan), based on the Aggregate Investment; provided, however, that (a) any calculation of Investor IRR will, for purposes of any sale or disposition following a Qualified Public Offering, be calculated solely with respect to that portion of the Aggregate Investment actually sold or otherwise disposed of in the applicable transaction, and (b) in any event, Investor IRR will not be calculated taking into account the receipt by the Investors or any of their Affiliates of any management, monitoring, transaction or other fees (including transaction advisory fees and related expenses) payable to such parties by the Company.