Multiple of Money definition
Multiple of Money means, as of a particular date, the Unitholders’ rate of return under Section 4.1(a) in respect of the Class A Units and Class B Units, expressed as a multiple equal to (i) the total Outflows through such date (excluding all Near-Term Outflows if the Near-Term IRR exceeds 20.0%), divided by (ii) the total Inflows through such date (excluding all Near-Term Inflows if the Near-Term IRR exceeds 20.0%).
Multiple of Money means the amount of money received by a Bondholder from its investment in a Convertible Bond (such calculation to include all cash interest, cash dividends already received as of the date of the 2023 Amendment Agreement, as well as any future cash interest, distributions, dividends and receipts received after the date of the 2023 Amendment Agreement and up to the date of payment) divided by the principal amount of such Bond.
Multiple of Money means the number (carried out to two decimal places) determined by dividing the Sponsor Inflows as of the applicable Measurement Date by the Sponsor Outflows as of such Measurement Date.
Examples of Multiple of Money in a sentence
In the event the Multiple of Money is between 1.5 and 2 or between 2 and 3 on the applicable Measurement Date, the amount of additional vesting shall be determined using straight line interpolation.
For example, if the Multiple of Money on a Measurement Date were to be 1.75, the additional number of Purchased Shares that would vest on such Measurement Date (without duplication for any shares that previously vested due to achievement of a Multiple of Money of 1.75 or less) would be 18.1%.
More Definitions of Multiple of Money
Multiple of Money means as of the date of completion of the Drag-Along Disposition, the multiple of money on the investment in the Group (in whatever form) made by Investor and Investor’s Affiliates (other than the Group) calculated by dividing (a) the aggregate of all Investor Outflows by (b) the aggregate of all Investor Inflows;
Multiple of Money or “MoM,” means the quotient of (a) Sponsors Returns, divided by (b) Sponsors Investments.