Hurdle Return Rate definition
Hurdle Return Rate means an internal rate of return, compounded monthly, equal to fifteen percent (15%).
Hurdle Return Rate means a return equal to fifteen percent (15%), calculated by Microsoft Excel utilizing the “XIRR” function assuming the specified contributions and distributions are made on the actual day such contribution or distribution occurred.
Examples of Hurdle Return Rate in a sentence
Payments made on Default Company Loans shall not be deemed distributed pursuant to Article V or Article XI, and shall not figure into the calculation of any Member’s First Hurdle Return Rate or Second Hurdle Return Rate.