Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.
Hurdle Rate means the applicable percentage rate per annum displayed on NASDAQ OMX’s website for STIBOR fixing (or through another website replacing it) as of or around 11.00 a.m. on the second Business Day prior to last day of each relevant financial quarter for the offering of deposits in Swedish Kronor for a 3-month period, plus four (4) per cent per annum (calculated on the actual number of days elapsed on a 360 day/year basis).
Hurdle Rate means, with respect to any fiscal quarter, the greater of (i) 9% and (ii) 3% plus the Ten-Year U.S. Treasury Rate for such fiscal quarter.
Examples of Hurdle Rate in a sentence
The Hurdle Rate shall accumulate in any years in which the Performance Fee is not payable.
Subject to the accumulation of the Hurdle Rate in years in which the Performance Fee is not payable, the Management Agreement provides that the High Water Mark will not otherwise be reset but will be adjusted in the event of a subdivision or consolidation of the Shares.
More Definitions of Hurdle Rate
Hurdle Rate means a Total Return per Unit of 6%, as determined on the first business day of each fiscal year and applicable for the entire fiscal year;
Hurdle Rate means the minimum annual rate of return that must be achieved before a Non-Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). The Hurdle Rate will be adjusted for any distributions in the case of Unit Classes that pay periodic and/or ad-hoc distributions. This rate is accrued daily.
Hurdle Rate means the rate defined at the beginning of the Class Incentive Period by: - EONIA capitalised rate for Classes denominated in EUR;- Fed Funds rate for Classes denominated in USD;- Libor GBP 1W rate for Classes denominated in GBP;- Libor-CHF 1W rate for Classes denominated in CHF;- Libor-JPY 1W rate for Classes denominated in JPY;- Libor SEK 1M rate for Classes denominated in SEK;- Libor NOK 1M rate for Classes denominated in NOK;- Libor HKD 1M rate for Classes denominated in HKD;- Czech Interbank Offer Rate (CZK) 1M rate for Classes denominated in CZK;- SOFIBOR (BGN) 1M rate for Classes denominated in BGN;- ROBOR (RON) 1M rate for Classes denominated in RON;- Croatia Zagreb Interbank Offer Rate (ZIBOR) 1M rate for Classes denominated in HRK;- South Africa Johannesburg Interbank Agreed Rate 1M rate for Classes denominated in ZAR. If the Hurdle Rate of the relevant Class is lower than 0, it will be valued at 0.For the avoidance of doubt, the Hurdle rates defined above are compounded on each Business Day at the prevailing rate.
Hurdle Rate means the product of the First Target Rate and the Second Target Rate plus the Base Rate.
Hurdle Rate means the 3-month LIBOR rate of the respective Share Class Currency (subject to a floor of 0%), which is reset at the end of each quarter (on the last Valuation Day in March, June, September and December) for the following calendar quarter. If LIBOR ceases to be available or, in the opinion of the Board of Directors, ceases to be a suitable rate for this purpose, then the Board of Directors may determine a replacement rate at its sole discretion.
Hurdle Rate means, with respect to the Incentive Period, that rate determined from time to time by the Directors and approved in the manner contemplated by the 1940 Act, such rate initially to be the yield-to-maturity of the 90-day U.S. Treasury Xxxx as reported by the Wall Street Journal for the last business day of the preceding calendar year of the Partnership. Hurdle Rates will not be cumulative and will be recalculated with respect to each Incentive Period. The Hurdle Rate for a given Incentive Period will be adjusted with respect to any contributions, transfers, distributions, withdrawals and repurchases applicable to a Limited Partner's Capital Account for that Incentive Period, or portion thereof.
Hurdle Rate means a benchmark as defined by Management Company to measure the performance of the fund for calculating performance fee.