Minimum Return Amount definition

Minimum Return Amount means, at the applicable time of determination:

Minimum Return Amount means an amount equal to the difference of (a) $7,500,000 minus (b) the sum of (i) the aggregate amount of all Applicable Premium previously paid in cash by the Loan Parties to the Agent (for the ratable account of the Lenders) in respect of the Term Loan under this Agreement, (ii) the amount of interest previously paid by the Loan Parties to the Agent (for the ratable account of the Lenders) in respect of the Term Loan under this Agreement and (iii) the amount of the Commitment Fee (as defined in the Lender Fee Letter) issued in respect of the Term Loan on the Effective Date.

Minimum Return Amount means, for a share of Series A Preferred Stock, a dollar value equal to the Minimum Return Rate applied to the Stated Value of such share, accruing daily (computed on the basis of a 360-day year, consisting of twelve 30 calendar day periods) and compounded annually on each anniversary of the Issuance Date through the date of determination. For illustration purposes only, the Minimum Return Amount on the Third Anniversary Date would be $27,584,375 in the aggregate.

Examples of Minimum Return Amount in a sentence

• The Triggering Event for a Program Withdrawal is a net change in your Root Account balance, after the posting of all your Root Account activity for a Business Day, that causes it (exclusive of any amounts that we credit as advances in anticipation of a Program Withdrawal) to be less than the Target Balance by more than the Minimum Return Amount.

• The Triggering Event for a Program Withdrawal is a net change in the Transaction Account balance, after the posting of all your Transaction Account activity for a Business Day, that causes its balance (exclusive of any amounts that we credit as advances in anticipation of a Program Withdrawal) to be less than the Target Balance by more than the Minimum Return Amount.

• For the avoidance of doubt, in determining the Minimum Return Amount received by the Lender, all payments of principal and interest shall be included in the calculation for determining whether the Minimum Return Amount shall have been achieved.

• If and to the extent, Idenix is obligated to remit such Minimum Return Amount, such amount will then be credited against Sales Payments which become due in each of the next succeeding quarterly periods until such Minimum Return Amount has been fully applied.

• If, as of the 31st day of December of the seventh calendar year after the commercial launch of an HCV Product in the later of the United States or a Major EU Country, the aggregate Sales Payments made for all Products do not equal or exceed $12 million, Idenix, shall, within 60 days thereafter, remit to UABRF the Minimum Return Amount.

More Definitions of Minimum Return Amount

Minimum Return Amount means a payment equal to the difference between $12 million and the aggregate amount of Sales Payments (inclusive of payments then due and actually paid relating to that calendar quarter) previously paid.

Minimum Return Amount means, for any Distribution Period, a return of more than 2.5% on PET's consolidated net fixed assets at the end of the immediately preceding calendar quarter, calculated on a per Trust Unit of PET basis;

Minimum Return Amount has the meaning given to such term on Exhibit A.

Minimum Return Amount has the meaning set forth in the Contingent Appreciation Certificate Agreement.

Minimum Return Amount means the amount specified in the applicable Pricing Supplement;

Minimum Return Amount means (i) if no Loan Advance has been made of all or any portion of the Additional Contingency Amount for the payment of Hard Costs, an amount equal to Fifteen Million Two Hundred Sixty Thousand and No/100 Dollars ($15,260,000.00), or (ii) if a Loan Advance has been made of all or a portion of the Additional Contingency Amount for the payment of Hard Costs, an amount equal to the sum of

Minimum Return Amount means (i) if no Loan Advance has been made of all or any portion of the Additional Contingency Amount for the payment of Hard Costs, an amount equal to Fifteen Million Two Hundred Sixty Thousand and No/100 Dollars ($15,260,000.00), or (ii) if a Loan Advance has been made of all or a portion of the Additional Contingency Amount for the payment of Hard Costs, an amount equal to the sum of (x) Fifteen Million Two Hundred Sixty Thousand and No/100 Dollars ($15,260,000.00), plus