Minimum Hurdle definition

Minimum Hurdle means $31.58, subject to adjustment as set forth in Section 8 below.
Sample 1Sample 2
Minimum Hurdle for each fiscal year means 25% of the average equity capital that has been invested in the Company during that fiscal year. For example, if $5,000,000 had been invested in the Company prior to the beginning of a particular fiscal year and an additional $2,000,000 was invested half-way through that year, the average equity capital for the year would be $5,000,000 + ($2,000,000 / 2) = $6,000,000 and the Minimum Hurdle would be $1,500,000. For that purpose, the first fiscal year of the Company shall be deemed to include the 12-month period ending with the last day of such fiscal year, even though the Company was not in existence throughout that period.
Sample 1
Minimum Hurdle means $27.76, subject to adjustment as set forth in Section 8 below.
Sample 1

Examples of Minimum Hurdle in a sentence

  • Because $33.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Performance Period was $31.58), the Performance Requirements for the Performance Period commencing on October 1, 2016 were satisfied for $2,269,791.01 (which equals $2,000,000 + ($3,000,000 X (($33.00 - $31.58) / ($47.37 - $31.58))).

  • The Variable Fee for each year is currently based on the relationship between the Company's Adjusted Income and a specified Minimum Hurdle return on the amount of equity capital invested in the Company.

  • This is because following the achievement of the IBOP Minimum Hurdle during the Initial Testing Period, certain Appendix II Performance Periods had IBOP below the required 80% threshold.

  • Because $30.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Performance Period was $27.76), the Performance Requirements for the Performance Period commencing on October 1, 2016 were satisfied for $9,517,291.07 (which equals $7,500,000 + ($12,500,000 X (($30.00 - $27.76) / ($41.64 -$27.76))).

  • After the Minimum Hurdle Rate has been obtained, the Revenue derived from the CHOICE Lite Product accounts installed in connection with this Amendment, including subscription, advertising and sponsorship fees shall be divided as set forth in Article VII of the Original Agreement.

  • Because $36.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Appendix I Performance Period was $33.00 as per Hypotheticals 1 and 2 above), the Appendix I Performance Requirements for the Appendix I Performance Period commencing on July 2, 2017 were satisfied.

  • Because $33.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Appendix I Performance Period was $31.58), the Appendix I Performance Requirements for the Appendix I Performance Period commencing on October 1, 2016 were satisfied for $5,449,651.68 (which equals $5,000,000 + ($5,000,000 X (($33.00 - $31.58) / ($47.37 -$31.58))).

  • Because $32.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Performance Period was $30.00 as per Hypotheticals 1 and 2 above), the Performance Requirements for the Performance Period commencing on July 2, 2017 were satisfied.

Related to Minimum Hurdle

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.