Target IRR definition

Target IRR means a pre-tax Internal Rate of Return of [***]%.
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Target IRR means an Investor IRR of twelve percent (12%).
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Target IRR has the meaning set forth in Section 3.4 of this Exhibit 4.3.
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Examples of Target IRR in a sentence

  • If the report suggests that the Target IRR will be reached during the next two Fiscal Years, then the Managing Member will calculate and report whether the Class B Member has reached the Target IRR at least quarterly thereafter.

  • The Managing Member will notify the Class B Member in writing at least 10 Business Days before the Distribution Date following the month in which it believes the Class B Member achieved the Target IRR or at least 30 days before making any liquidating distributions, in connection with a liquidation of the Company pursuant to Section 10.1, if it believes the Class B Member will achieve the Target IRR as a consequence of the liquidating distributions.

  • The Managing Member will calculate at least annually whether the Class B Member has reached the Target IRR and will send the Class B Member, within 120 days after the end of each Fiscal Year in which the Target IRR was not achieved, a report in the form of the Tracking Model showing where it believes the Class B Member is in relation to the Target IRR.

  • The Target IRR Notice will include the Managing Member’s Internal Rate of Return calculations and, in the case of a notice delivered in connection with a liquidation, the allocations and distributions that the Managing Member proposes to make to the Class B Member under Section 10.2 in light of the calculations.

  • The Managing Member will make its advisers available to answer any questions regarding the calculations contained in any such Target IRR Report.


More Definitions of Target IRR

Target IRR means the threshold levered equity interest rate of return required by the Project Co Members based on the financial risk profile of the Project;
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Target IRR shall have the meaning provided in Section 16(i).
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Target IRR means an internal rate of return on the Subordinated Notes of 12 per cent. per annum, calculated on the basis of all distributions to the Subordinated Noteholders received in respect of the initial principal amount of the Subordinated Notes, from the Closing Date to the relevant Payment Date;
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Target IRR means (a) with respect to Contracted Revenue and an Unleveraged Fund Company an After-Tax IRR of [***]; (b) with respect to Contracted Revenue and a Backleveraged Fund Company an After-Tax IRR of [***]; (c) with respect to Uncontracted Revenue and an Unleveraged Fund Company an After-Tax IRR of [***] and (d) with respect to Uncontracted Revenue and a Backleveraged Fund Company an After-Tax IRR of [***].
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Target IRR means an internal rate of return of at least 8%, as determined in good faith by the Board and calculated in accordance with generally accepted financial practice, on the Initial Investment Amount determined commencing as of the date of this Warrant.
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Target IRR means that the HMC Group has received distributions from, and/or consideration realized from the sale, exchange or other disposition to a non-Affiliate of, the Initial Investment, in the form of cash and/or Readily Marketable Securities, in such amount as may be necessary to result in an internal rate of return of at least 30%, calculated in accordance with generally accepted financial practice, on the Initial Investment Amount determined commencing as of October 16, 1996.
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Target IRR has the meaning set forth in Section 2 of this Exhibit C-2.
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