IRR. “IRR” means the annual percentage rate that when utilized to calculate the present value of distributions made to a Member causes the present value of such distributions to equal the present value of the Member’s Capital Contributions. With respect to determining IRR, which shall be done using the XIRR function in Microsoft Office Excel, the following rules will be applied:
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc), Limited Liability Company Operating Agreement (Carey Watermark Investors Inc), Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)
IRR. “IRR” means the annual percentage rate that when utilized to calculate the present value of distributions made to a Member that causes the present value of such distributions to equal the present value of the Member’s Capital Contributions. With respect to determining IRR, which shall be done using the XIRR function in Microsoft Office Excel, the following rules will be applied:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)
IRR. “IRR” means the annual percentage rate that when utilized to calculate the present value of distributions made to a Member causes the present value of such distributions to equal the present value of the Member’s Capital Contributions. With respect to determining IRR, which shall be done using the XIRR function in Microsoft Office Excel, the following rules will be applied:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)
