Project IRR means the rate of return that causes the net present value of all Project cash flows to be equal to zero. For this purpose, “Project cash flows” means, with respect to any period, the amount equal to (a) all Project revenues received by Developer during such period minus (b) the sum of the following (without duplication): (i) all operating expenses paid during such period (excluding those operating expenses that are paid directly under the Master Lockbox and Custodial Account Agreement, such as Transaction Fees paid to TxDOT, to the extent such amounts are not included in the Project revenues received by Developer), (ii) all major, non-routine maintenance costs (excluding those costs funded by the Handback Requirements Reserve or Handback Requirements Letter of Credit), (iii) the amount deposited in the Handback Requirements Reserve during such period, (iv) all Construction Costs and all capital expenditures paid during such period and (v) all Revenue Payment Amounts, Tolling Method Gain amounts and Refinancing Gain amounts paid to TxDOT during such period.

Project IRR means the rate of return that when used to discount pre taxation and pre financing construction and operating period cash inflows and cash outflows results in a net present value of zero.

Project IRR means the internal rate of return of the Project, before tax, as evaluated using the Reference Tariff Model.

Examples of Project IRR in a sentence

Financial evaluation of the bids shall be carried out by calculating overall Project IRR for the project life of 20 years with following considerations.
Develop a financial model to determine viability of proposed project based on applicable regulations, block costs of development and market trend; Identification of the appropriate capital structuring, revenue model, Profit & Loss, Balance sheet and cash flows, Project IRR, Equity IRR and economic or social returns as applicable.
The Equity IRR and the Project IRR represent the projects broad financial viability on PPP format.
APSAR/TF/4 was expected to complete discussions on the draft plan in preparation for presentation to the ATM Sub-Group and thence to APANPIRG/26 in 2015.
Calculation of Project IRR 1.20.4.1 Inputs to the financial modelSome basic assumptions and inputs need to be considered when a financial model is prepared.

More Definitions of Project IRR

Project IRR has the meaning set out in Clause 6.1.7.

Project IRR means [REDACTED]% being the real pre-tax pre-financing project internal rate of return;

Project IRR means [REDACTED]% being the real pre-tax pre-financing project internal rate of return; Project Roads means the roads on which Works are required hereunder, being all of those roads listed in the table set out in Schedule 19; Protester means any person or persons engaged in Protester Action;

Project IRR means the internal post-tax, real forecast project cash flow rate of return for the relevant Qualifying Project;

Project IRR means the internal-post-tax, real forecast project cash flow rate of return;

Project IRR means, with respect to any Capital Project, the Proposing Member’s good faith estimate of the projected unlevered, pre-tax internal rate of return to the Company (calculated using the “XIRR” function of Microsoft Excel® (using the midyear convention) or, if Microsoft Excel® is no longer supported by Microsoft Corporation, by a similar function to which the Members reasonably agree) based on the Estimated Capital Project Revenues and Estimated Capital Project Costs for such Capital Project.