60% IRR definition
60% IRR means an internal rate of return of 15.60% per annum, compounded monthly, and computed using the methodology described in Exhibit E-1 attached hereto. Upon any Event of Default, the internal rate of return of 15.60% per annum shall be increased to 19.60% per annum from and after the expiration of any applicable cure period following such Event of Default until the earlier of the payment in full of the Notes or the date when such Event of Default is cured.