Flip Yield definition
Flip Yield means the Internal Rate of Return achieved by the Class B Member as of the date on which the Calculated Amount equals zero. The Internal Rate of Return will be calculated using the assumptions and conventions described in Section 6.5 of the Company LLC Agreement (including the Fixed Tax Assumptions).
Examples of Flip Yield in a sentence
Concurrently with any notification described in clauses (i) and (ii) above, the Managing Member shall cause the Manager to provide the Class B Members with its calculation of the Flip Yield at that point.