Hurdle definition
Hurdle means the per share closing price of Parent Ordinary Shares or Purchaser Ordinary Shares at which the Parent Promote or Purchaser Promote, respectively, vest based on any 20 trading days within a 30 trading day period following the consummation of the Transaction.
Hurdle means the issue price increased, from admission, at a rate of 10 per cent per annum, compounded annually as at the last business day of each performance period (pro-rated, in the case of the first performance period, from the date of admission).
Hurdle means the minimum Performance Goal(s) that must be reached in order for the Eligible Officer to receive any Incentive Award.
Examples of Hurdle in a sentence
Any amount by which Total Return falls below the Hurdle Amount and that does not constitute Loss Carryforward Amount will not be carried forward to subsequent periods.
Except as described in the definition of Loss Carryforward in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.
If the Advisory Agreement is terminated pursuant to a Termination Without Cause prior to the date on which the Economic Hurdle has been met, any outstanding Restricted Class B Units shall be forfeited immediately.
The Hurdle Amount will be increased by the aggregate amount of all Capital Contributions made to the Company after the Grant Date.
Except as described in the definition of Loss Carryforward Amount in this Agreement, any amount by which the Annual Total Return Amount falls below the Hurdle Amount will not be carried forward to subsequent periods.
More Definitions of Hurdle
Hurdle means the closing price of a Common Share on 17 January 2020 multiplied by the CAGR for the period from (and including) 21 January 2020 to the earlier of:
Hurdle means the Target Share Price which the Ordinary Share Price is required to 'reach' or exceed in value for at least thirty (30) Dealing Days during the Performance Period and which the Board is required, pursuant to Article 9.3, to specify and record in the relevant Board Minutes in respect of an award (issue or transfer) of B Ordinary Shares (or each B Sub-Class, as applicable).
Hurdle means an amount equal to the sum of (i) a return on the Inception Amount from the Inception Date until the Final Date, at a compounded annual rate of 4% per annum, plus (ii) a return on the Reference Amount from April 1, 2013 until the Final Date, at a compounded annual rate of 4% per annum. The parties agree that the “Profit”, the “Gain” and the “Hurdle” will be calculated in accordance with the hypothetical examples attached hereto as Schedule IV . For all purposes, including the calculation of “Profit”, if Employer or its Affiliates obtain beneficial ownership of 90% or more of the equity, whether through tender offer, merger or otherwise, of any company that is an investment in Sargon, or if (as a result of actions taken by Employer or its Affiliates) the Securities of such entity cease to be listed on an exchange or traded on a public market, then Sargon will be deemed to have disposed of such equity investment at the last price paid by the Employer or its Affiliates for such security to the public, with the proceeds thereof derived by Sargon, with the same effect as if such equity investment had been sold by Sargon, and such equity investment shall cease to be part of, or to be included in, Sargon. In addition, at any time that Employer and its Affiliates have beneficial ownership of Securities providing greater than 50% of the voting power of any entity, the Employer may at any time, in its discretion, by written notice to the Chief Compliance Officer of the Existing Funds (each such notice, a “Transfer Election Notice”), cause such Securities (including any portion thereof attributable to Sargon) to be transferred to an Affiliate of Employer, in which event Employer will have the right to elect and shall elect in any such Transfer Election Notice, either: (i) that the portion of such Securities attributable to Sargon prior to such transfer will continue to be treated for all purposes of this Agreement as investments in Sargon; or (ii) that the portion of such Securities attributable to Sargon prior to such transfer shall be deemed to have been sold, and shall cease to be part of Sargon for all purposes, and in the event that the election contemplated in this clause (ii) is made, then Sargon shall be deemed for all purposes to have sold such Securities in the market for an amount equal to the market value of such investment, as calculated by Employer in a manner consistent with the practices utilized by the Existing Funds, and in the event of a Tran...
Hurdle means, with respect to a capital account, the amount that such capital account would have earned during such Performance Period if it had achieved a non-compounded, non-cumulative rate of return of 5% per annum.
Hurdle has the meaning set forth in Section 8.1(b)(ii).
Hurdle means the product of 2% times the quarterly net asset value of the BDC attributable to its common shares as of the beginning of such quarter (or such measurement period) calculated after giving effect to any distributions in respect of such quarter (or such measurement period) times the number of quarters in the measurement period (which, after the Public Market Event, will be four quarters); (iii) "Cumulative Adjusted Common Distributions" means the excess of the cumulative distributions and amounts distributable out of net income (including realized capital gain in excess of realized capital losses) in respect of the common shares over the net amount of capital depreciation, if any, at the time of determination; (iv) "Measurement Period Adjusted Common Distributions" means the aggregate distributions and amounts distributable out of net income (including realized capital gains in excess of realized capital losses) in respect of the common shares during the four calendar quarters most recently completed prior to or within 15 days after the date of declaration of any distribution under Section 8(c), less any increases in net capital depreciation attributable to the common shares during such four quarter period or plus any decrease in such net capital depreciation but only to the extent that both (A) such decrease did not exceed the net amount of capital depreciation at the beginning of such period and (B) such decrease did not exceed the excess of cumulative realized capital gains over cumulative realized capital losses since commencement of operations; and (v) "Ramp-up Date" means such time that 90% of the assets of the BDC are invested in portfolio companies in accordance with the BDC's investment objective, excluding investments in cash, cash equivalents, U.S. government securities and other high-quality debt investments that mature in one year or less from the date of investment, or the date on which the BDC first draws funds under accepted subscriptions for its common shares, whichever is sooner.
Hurdle means an amount of 8% per annum (compounded annually on the Accounting Date each year) on the net amount of Company’s Funds still retained by the Company (including any amounts already compounded) and calculated on a daily basis;