12% IRR definition

12% IRR means an annual interest rate of 12% which, when applied to the Capital Contributions (including credited amounts under Section 3.10(c) hereof) made, and the Acquisition Fees and Financing Fees (if any) paid, by each Partner and the Distributable Cash distributed to each Partner, renders the net present value of such negative (i.e. Capital Contributions, Acquisition Fees and Financing Fees) and positive (i.e. Distributable Cash) cash flows equal to zero. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in Schedule 5 hereto, unless the context requires otherwise.
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12% IRR means a twelve percent realized cash-on-cash internal rate of return to Buyer on the Purchase Price (or portion of the Purchase Price paid for ORR ▇▇▇hts with respect to a particular Production Unit Group) from Net ORR ▇▇▇ceeds, calculated over the period from the Initial Closing Date (or Subsequent Closing Date if applicable to a specific Production Unit Group) to a given date. The present value discount factors to be used in calculating such internal rate of return are set forth in Schedule 1 and the methods to be used for calculating such internal rate of return are set forth in Schedule 8.
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Examples of 12% IRR in a sentence

  • Bluerock determines to admit a new member to the Company who agrees to make Capital Contributions (which Bluerock would otherwise be permitted to make hereunder) subject to receipt of a senior preferred 12% IRR and 10% of all Distributable Funds thereafter.

  • Bluerock determines to admit a new member to the Company who agrees to make Capital Contributions (which Bluerock would otherwise be permitted to make hereunder) subject to receipt of a preferred 12% IRR and 10% of all Distributable Funds thereafter.

  • Accordingly, (i) the “8.25% IRR Deficiency” is the IRR Deficiency using the 8.25% IRR Rate and (ii) the “12% IRR Deficiency” is the IRR Deficiency using the 12% IRR Rate.

  • By way of example, suppose (i) the Net Extraordinary Proceeds from the sale of the last Property owned by the Company are $200, (ii) there are no Company Loans and no Default Contributions have been made, (iii) the Members’ Unreturned Capital is $70 which will be distributed pursuant to Section 7.4(c)(i), and (iv) after an additional $30 is distributed to the Members under Section 7.4(c)(iv), each Member will have achieved a 12% IRR.

  • The "Applicable IRR" shall be a 13% IRR if the effective date of the proposed sale would be on or after the second and before the fourth anniversary of the Effective Date of the acquisition by Buyer of ORR ▇▇▇hts with respect to the relevant Production Unit Group, and a 12% IRR if the effective date of the proposed sale would be on or after the fourth anniversary of the Effective Date of the acquisition by Buyer of such ORR ▇▇▇hts.

  • The 8% and 12% IRR thresholds selected for the present sensitivity analysis were based on the work of ▇▇▇▇▇▇▇▇▇▇▇ et al.

  • Madoff’s working interest shall remain 95% until such time as Madoff has achieved a 12% IRR (defined in Section 3(c) below) from its investment in the Well Program.

  • First, holders of Class L Shares are entitled to receive an amount equal to the Class L base amount of $90 per share plus an amount sufficient to generate a 12% IRR on that base amount, compounded quarterly from [closing date of merger], 2006 to the date of payment.