Examples of IRR Amount in a sentence
The Borrower may, on at least three (3) Business Days’ prior written notice to the Agent, not later than 12:00 noon New York City time on such day, prepay the Loans in full, provided that the amount so prepaid as of the date of prepayment is equal to the Applicable IRR Amount.
Default, in the payment when due of the principal of the Loans or of any interest, fee, or other amount payable hereunder, including any Applicable IRR Amount or any Assigned Interests Payment, by any Loan Party, or any default in any payment of any amount due under any other Loan Document, shall occur.
The Loans shall be Paid in Full on the Maturity Date by and upon payment in full of the Applicable IRR Amount.
The parties hereto agree that the amounts payable hereunder in respect of the Applicable IRR Amount are a reasonable calculation of the parties’ expected return to the Lender arising out of the transactions described herein, and, in the case of a prepayment of the Loans, foregone returns, and agree that the payment of such amounts constitute consideration pursuant to this Agreement that the parties agree is fair and reasonable.
If such a reduction in the NRSF attributable to the Citadel Lease as an Approved Lease would cause the Borrower to fail to satisfy the leasing hurdle conditions set forth in the definition of "Leasing Hurdle Date", then with respect to Advances made after such failure, the IRR Amount and the Make-Whole Amount shall be computed at the Applicable Pre-Hurdle Percentage until the applicable leasing hurdle conditions have been satisfied once again.