Required IRR definition

Required IRR means an amount equal to a twelve percent (12%) per annum return on Invested Capital (as allocated to Phase I pursuant to Section 1.5, above) from the time of the applicable investment of each component of Invested Capital, which amount shall be reduced by (and at the time that) (i) any “Base Rent” is actually received from EA under the Lease or any other net income is received as to Phase I, or (ii) that any other fees, costs or expenses are reimbursed to Playa or a Playa Affiliate by EA under the Lease or any other reimbursements are received by Playa or a Playa Affiliate as to Phase I.
Sample 1Sample 2
Required IRR means an Internal Rate of Return equal to twenty percent (20%) per annum.
Sample 1Sample 2
Required IRR means the amount actually received in cash in respect of the Notes, as of any date of determination, which would provide the Investors with an internal rate of return on the Notes of not less than 16.0% per annum compounded quarterly; provided, that for purposes of the calculation of Required IRR, (v) payments of non-default rate cash interest shall be taken into account, and interest paid at the Default Rate shall be disregarded, (w) Penalty Interest paid pursuant to Section 2.5(b) shall be disregarded, (x) payments pursuant to Section 10.2 or 10.3 shall be disregarded, (y) interest payments paid in cash shall be deemed paid on the date actually paid in cash (i.e. on the applicable Interest Payment Date if paid on such date) and (z) all payments (other than cash interest payments) shall be deemed paid on such date of determination.
Sample 1

Examples of Required IRR in a sentence

  • The amount of the Termination Payment will be equal to the “Month End Required IRR Balance” of the month in which the effective date of the Divestiture Event occurs.

  • However, if such Month End Required IRR Balance is zero or a negative amount, then the Termination Payment will be zero dollars (US$0).

  • If the effective date of a Divestiture Event occurs after the First Calendar Quarter of Calendar Year 2006, then to calculate the Termination Payment, the “Month End Required IRR Balance” (as defined below) will be calculated for each calendar month, beginning with April 2006, through the month in which PharmaBio receives the Termination Payment.

  • The purchase price of the Property (“Purchase Price”) shall mean an amount equal to the greater of: (X) the amount that would result in the Required IRR (as hereinafter defined), and (Y) an amount equal to one hundred and fifty percent (150%) of the Lease Consideration (as hereinafter defined).

  • In the event that on the Maturity Date or upon any prepayment of all or any part of this Note Maker has not paid Holder an aggregate amount to yield the Required IRR, Maker shall pay the difference between the aggregate amount paid and aggregate amount required to yield the Required IRR as an Exit Fee (the “Exit Fee”).

  • PROPRIETARY AND CONFIDENTIAL 14 Leveraged Buy Out Analysis Implied Offer Price Per Share(a) EBITDA Exit Multiple Sensitivity Analysis Leverage Ratio Sensitivity Analysis EBITDA Exit Multiple Leverage Ratio (EBITDA Multiple)(b) 6.0x 6.5x 7.0x 4.5x 5.0x 5.5x 27.5% $46.75 $48.62 $50.50 27.5% $48.33 $50.50 $52.66 25.0% $47.40 $49.43 $51.46 25.0% $49.42 $51.46 $53.51 Sponsor Required IRR %22.5% $48.13 $50.33 $52.53 Sponsor 22.5% $50.62 $52.53 $54.44 Required IRR % (a) Based on Management projections.

  • Such recalculation shall increase or decrease, as applicable, the Incremental Fee in order to provide Gatherer cost recovery including the Required IRR in respect of such Additional System-wide Facilities over the remaining Term; provided that, once Gatherer has achieved a return of all Discretionary Additional Capital spent on the Additional System-wide Facilities, plus the Required IRR, the Incremental Fee shall be reduced to the actual annual operating expenses for the Additional System-wide Facilities.

  • In the event that the result would yield an internal rate of return in excess of the Required IRR, Holder will refund an amount to Maker [Farmington] on the Maturity Date or payment in full of this Note together with any expenses, fees, premiums and other charges then owing to Holder pursuant to the Loan Documents.

  • The monthly payments set forth above include (i) interest at the Coupon Rate, and (ii) a payment estimated to be sufficient to yield the Required IRR to Lender during the term of the Loan after the payment of the Cash Flow Participation Payments (as hereinafter defined).

  • In furtherance of the foregoing, in order to determine whether the Required IRR has been obtained, Holder will, beginning with the date of the first disbursement pursuant to this Note, identify the disbursements and payments for each month and discount the cash flows back to the first disbursement date using a rate of fifteen percent (15%) per annum, calculated on a monthly basis.

Related to Required IRR

  • Acquired Debt means, with respect to any specified Person:

  • Acquired Indebtedness means, with respect to any specified Person,

  • Required Date means by the 10th Business Day following the end of the Quarter for which the information prescribed in Annex V4 is being provided.

  • Required Investors means the Investors holding a majority of the Registrable Securities.

  • Required Interest shall have the meaning specified in the Standard Terms.

  • Desired Due Date means the desired service activation date as requested by CLEC on a service order.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Required Information means (i) audited combined balance sheets for the Business and the related combined statements of income, changes in shareholders’ equity and cash flows, setting forth in comparative form combined figures for the preceding fiscal year, for the two most recently completed fiscal years ended at least 90 days before the Closing Date, (ii) unaudited combined balance sheets for the Business and the related year-to-date combined statements of income and cash flows, in each case setting forth in comparative form combined figures for the corresponding period of the preceding fiscal year, for each fiscal quarter ended after the close of the most recently ended fiscal year (other than the fourth fiscal quarter) and at least 45 days before the Closing Date (it being understood that unaudited combined balance sheets for the Business and the related combined statements of income and cash flows for the fiscal quarters ended March 31, 2017 and June 30, 2017 shall not be required); (iii) information with respect to the Business reasonably necessary to prepare a pro forma consolidated balance sheet of the Buyer and its Subsidiaries and the related consolidated statements of income and cash flows as of and for the twelve-month period ending on the last day of the most recently completed four-fiscal quarter period ended at least 45 days prior to the Closing Date (or 90 days prior to the Closing Date if such four-fiscal quarter period is the end of the Buyer’s fiscal year), prepared after giving effect to the transactions contemplated by this Agreement as if the transactions had occurred as of such date (in the case of the balance sheet) or at the beginning of such period (in the case of other financial statements) (it being understand that Buyer shall be responsible for any post-Closing pro forma adjustments necessary or desired to be incorporated into any information used in connection with the Debt Financing) and (iv) all financial statements and other information with respect to the Business of the type required by Regulation S-X and Regulation S-K under the Securities Act for a registered offering of debt securities on Form S-1 or Form S-3 (or any successor forms thereto) under the Securities Act or customarily included in offering documents used in private placements under Rule 144A of the Securities Act, including such information as may be necessary so that the Required Information does not contain any untrue statement of a material fact with respect to the Business or omit to state any material fact with respect to the Business necessary in order to make the statements contained in such Required Information not misleading in any material respect in light of the circumstances in which they were made; provided that the Required Information shall exclude (a) any financial information (other than the financial statements described above) concerning the Business that Parent does not maintain in the ordinary course of business, (b) any other information not reasonably available to Parent under its current reporting systems or (c) information to the extent that the provision thereof would violate any Law, or any obligation of confidentiality binding upon, or waive any privilege that may be asserted by Parent, Buyer or any of their respective Affiliates.

  • Initial Covered Debt means the Corporation’s 6.25% Notes due 2036, CUSIP No. 000000XX0.

  • Required Pro Forma Note Balance means, with respect to any Distribution Date, a dollar amount equal to (x) the Pool Balance as of the end of the prior calendar month minus (y) the excess of (i) 14.75% of the Pool Balance as of the end of the prior calendar month over (ii) the Specified Reserve Balance.

  • Permitted Acquired Debt shall have the meaning set forth in Section 9.04(d).

  • Required Documents means those documents identified in Section 2(I) of the Custodial Agreement.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Required Deposit Rating means the short-term credit rating of the related entity is at least equal to P-1 by Moody's, A-1+ by Standard & Poor's and F1 by Fitch.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Required Coupon With respect to the Mortgage Loans in Loan Group 1 and Loan Group 2, 6.00% per annum.

  • Highest Required Investment Category (i) With respect to ratings assigned by Moody’s, “Aa2” or “P-1” for one month instruments, “Aa2” and “P-1” for three month instruments, “Aa3” and “P-1” for six month instruments and “Aa2” and “P-1” for instruments with a term in excess of six months, (ii) with respect to rating assigned by S&P, “A-1” for short-term instruments and “A” for long-term instruments, and (iii) with respect to rating assigned by Fitch (if such investment is rated by Fitch), “F-1+” for short-term instruments and “AAA” for long-term instruments.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Required Party has the meaning set forth in Section 4.03 of this Agreement.

  • LCA Test Date has the meaning specified in Section 1.03(e).

  • Total Required Payment means, for a Payment Date, the sum of

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Covered Debt Amount means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date.

  • Covered Debt means (a) at the date of this Replacement Capital Covenant and continuing to but not including the first Redesignation Date, the Initial Covered Debt and (b) thereafter, commencing with each Redesignation Date and continuing to but not including the next succeeding Redesignation Date, the Eligible Debt identified pursuant to Section 3(b) as the Covered Debt for such period.

  • Authorized Control Level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).