13% IRR definition

13% IRR means a thirteen 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 2 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 13% IRR in a sentence

  • 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), (ii) and (iii), as applicable, and (iv) after an additional $30 is distributed to the Members under Section 7.4(c)(iv), each Member will have achieved a 13% 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.