20% IRR definition

20% IRR shall refer to the amount of distributions to a Member which results for such Member in an Applicable Rate equal to twenty (20%) percent. FIRST AMENDMENT TO THE LIMITED LIABILITY COMPANY AGREEMENT OF ▇▇ ▇▇▇▇▇▇▇ ROAD LLC Pursuant to the Maryland Limited Liability Company Act, as codified in the Maryland Code, Title 4a, and the operating agreement of ▇▇ ▇▇▇▇▇▇▇ Road LLC, a Maryland limited liability company (the “Company”) dated December 5, 2023 (the “Agreement”), ▇▇ ▇▇▇▇▇▇▇ Road LLC, a Maryland limited liability company, being the managing member of the Company, holding the requisite power and authority to enact this First Amendment to the Agreement (this “Amendment”) pursuant to Section 14.2 of the Agreement, hereby amends the Agreement as follows:
View Source

Examples of 20% IRR in a sentence

  • If an Exit Event occurs that does not result achieve a 20% IRR to the TRP Parties and the GSCP Parties Amount on a fully diluted basis, the Option shall, immediately prior to such Exit Event, be automatically cancelled without payment of consideration therefor.

  • All redemptions will be: (i) of Series G Stock until all Series G Stock has been redeemed, and thereafter of Series F Stock and (ii) for that number of shares determined in the same manner as the number of shares of Redeemed Stock is calculated in Exhibit A, provided that the determination of the 20% IRR Lookback will be made as of the date immediately preceding the applicable redemption date.

  • To the extent any Additional Capital Costs are paid between the date of this Agreement and the Closing, then this Agreement will be amended as of the Closing to amend the Gathering Fees under the SES Gathering Agreement to increase such Gathering Fees by an amount that would provide to Buyer and New NGAS Gathering a 20% IRR (meaning an IRR with an IRR Specified Discount Rate equal to 20%) on all such Additional Capital Costs over the remaining term of such SES Gathering Agreement.

  • Upon sale of the property there will be a review the Project’s Internal Rate of Return (IRR) to determine if it met or exceeded a 20% IRR.

  • In the event of a 20% IRR Event, 50% of each installment of the Tranche A Options that has not theretofore become Vested Options and which is scheduled to vest on each of the remaining vesting dates based on anniversaries of the Grant Date will vest upon the earlier of (i) the Optionee’s continued employment with the Company for 12 months after the 20% IRR Event and (ii) a Qualifying Termination within 12 months following the 20% IRR Event.

  • Upon a Liquidity Event, Performance Options otherwise scheduled to vest after the Liquidity Event date shall accelerate if Carlyle’s initial investment results in the attainment of a 20% IRR and 2.0x MOIC.

  • Thereafter, Madoff will grant to Pantera a 5% working interest and Madoff’s working interest percentage will be reduced to 90% until such time as Madoff has achieved a 20% IRR from its investment in the Well Program.

  • For the purposes of this Clause, “Investor Drag Entitlement” shall mean the Investment Amount, along with 20% IRR.

  • The purchase price for the Property to be sold pursuant to the Put Option shall be the amount that generates a 20% IRR on (i) the Initial Purchase Price, (ii) the Additional Purchase Price and (iii) the TI Allowance (as such terms referred to in (i)-(iii) shall be as defined in the Lease) to the extent actually paid by Buyer (collectively, the "Aggregate Buyer Payments"), through the Put Option Closing Date, the "Put Option Purchase Price").

  • If an Exit Event occurs that does not result in a 20% IRR to the TRP Parties and the GSCP Parties Amount on a fully diluted basis, the Option shall, immediately prior to such Exit Event, be automatically cancelled without payment of consideration therefor.