IRR Amount. Means for the SSPF affiliate, at any time, the amount necessary to pay to such affiliate in order for such affiliate to have received the stated percentage IRR, computed based upon monthly compounding as of the first day of each month.
IRR Amount. As defined in Exhibit A.
IRR Amount. Means for Operating Company, at any time, the amount necessary to distribute to Operating Company in order for Operating Company to have received the stated percentage IRR, computed based upon monthly compounding as of the first day of each month.
Examples of IRR Amount in a sentence
The Borrower may, on at least three (3) Business Days’ prior written notice to the Agent, not later than 12:00 noon New York City time on such day, prepay the Loans in full, provided that the amount so prepaid as of the date of prepayment is equal to the Applicable IRR Amount.
From and after payment of the entire Redemption Cash Amount and any Redemption IRR Amount, if applicable, this Note shall cease to be outstanding for any purpose whatsoever.
Prior to paying all or any portion of the Redemption Cash Amount and any Redemption IRR Amount, the Holder shall deliver to Purchaser this Note (or indemnification undertakings in lieu thereof); provided, that if only a portion of the Redemption Cash Amount is paid on the Redemption Date, then the Note shall be held in escrow until all of the Redemption Cash Amount and any Redemption IRR Amount is paid.
The Loans shall be Paid in Full on the Maturity Date by and upon payment in full of the Applicable IRR Amount.
Default, in the payment when due of the principal of the Loans or of any interest, fee, or other amount payable hereunder, including any Applicable IRR Amount or any Assigned Interests Payment, by any Loan Party, or any default in any payment of any amount due under any other Loan Document, shall occur.
More Definitions of IRR Amount
IRR Amount means, (x) as of the Initial Maturity Date, an amount which if paid to the Lender on the Initial Maturity Date, when added to the aggregate amount of all interest payments made at the Applicable Interest Rate (excluding the Lender Fees and any increased interest payable at the Default Rate) with respect to the Loan on or prior to such date (including any prior IRR Amounts or Make-Whole Amounts), is sufficient to provide the Lender with a return (compounded monthly) on the then-outstanding principal amount of the Loan being repaid on the Initial Maturity Date equal to fifteen percent (15%) per annum through such date, and (y) as of the Extended Maturity Date, an amount which if paid to the Lender on the Extended Maturity Date, when added to the aggregate amount of all interest payments made at the Applicable Interest Rate (excluding the Lender Fees and any increased interest payable at the Default Rate) with respect to the Loan prior to such date (including any prior IRR Amounts or Make-Whole Amounts), is sufficient to provide the Lender with a return (compounded monthly) on the then-outstanding principal amount of the Loan being repaid (I) for the period up to and including the Initial Maturity Date equal to fifteen percent (15%) per annum and (II) for the period that the Loan was outstanding after the Initial Maturity Date, an amount equal to the sum of 1,300 basis points (13.0%) and the LIBOR Rate in effect at the time of repayment on the then-outstanding principal amount of the Loan. Notwithstanding the foregoing, in the event the LIBOR Rate falls below 200 basis points (2%) at any time, for the purposes of calculating the IRR Amount, the LIBOR Rate shall be deemed to be equal to 200 basis points (2%).
IRR Amount means an amount calculated upon the occurrence of an Event of Default and termination of this Agreement equal to (i) the sum of the Deposit and a per annum percentage return on the Deposit equal to (x) [***] from the Closing Date to the date of the occurrence of such Event of Default, and (y) [***] from the date of the occurrence of such Event of Default to the date of indefeasible payment in full of the Silver Stream Obligations, less (ii) the net value of Refined Silver delivered to Purchaser under this Agreement where the net value of Refined Silver delivered hereunder is the Silver Market Price of such Refined Silver on the day immediately prior to the Date of Delivery of such Refined Silver less the Silver Cash Price paid by Purchaser on account of such Refined Silver.
IRR Amount means an amount calculated upon the occurrence of an Event of Default and termination of this Agreement equal to (i) the sum of the Deposit and a per annum percentage return on the Deposit equal to (x) [***] from the Closing Date to the date of the occurrence of such Event of Default, and (y) [***] from the date of the occurrence of such Event of Default to the date of indefeasible payment in full of the Copper Stream Obligations, less (ii) the net value of Refined Copper delivered to Purchaser under this Agreement where the net value of Refined Copper delivered hereunder is the Copper Market Price of such Refined Copper on the day immediately prior to the Date of Delivery of such Refined Copper less the Copper Cash Price paid by Purchaser on account of such Refined Copper.
IRR Amount means the amount of cash and/or the Gross Asset Value of Property that if distributed to Brentwood on the date in respect of which the IRR Amount is being determined and after taking into account the amount of the Preferred Return distributed to Brentwood under Article 4 and Article 8, would be sufficient to provide Brentwood with a cumulative 25% annual rate of return, compounded annually, on all Capital Contributions. For purposes of calculating the IRR Amount, all Capital Contributions shall be deemed made as of the date such Capital Contributions are actually made to the Company and, no Capital Contributions shall be deemed to have been made prior to the date hereof.
IRR Amount means, as of the date of determination the amount which after giving effect to the payments and receipts described below would yield an annual pretax rate of return to RKM on the RKM Investment (as hereinafter defined) equal to the rate of 12 % per anum as of such date of determination. For purposes of determining the IRR Amount only the following investments and receipts shall be taken into account on the respective dates made or received by RKM, as applicable and without duplication: (i) the "RKM Investment" which shall mean the sum of (aa) $5,125,000 deemed made as of 1/27/97 plus (bb) all amounts in excess of $4,000,000 funded by RKM for the purchase of the Notes on the date actually funded by RKM; (ii) all principal and interest payments received by RKM in respect of the Notes; and (iii) all dividends and distributions whether in cash or other property received by RKM from and after 1/31/97 in respect of stock or other securities of WSTE owned by RKM as of 1/31/97.
IRR Amount means the amount determined as follows, and for purposes of calculating the IRR Amount, the First Loan and the Tower Second Loan shall be considered together: The IRR Amount shall equal the amount from time to time which, when added to all amounts previously received by First Lender on account of the First Loan and by Second Lender on account of the Tower Second Loan, produces an aggregate internal rate of return on the First Loan and Tower Second Loan, considered together, over the term of said Loans from July 2, 1990 through the date of such determination, of 8.6858%, taking into account all amounts actually disbursed by First Lender and Second Lender under the First Loan and the Tower Second Loan (as and when disbursed) and (except as provided below) all amounts actually received by First Lender and Second Lender on account of the First Loan and the Tower Second Loan (as and when received). The IRR Amount corresponds to the total amount payable under the Sixth Distribution Priority (80% of which is payable to Second Lender and 20% of which is payable to First Lender) and shall be calculated in accordance with the sample calculation attached hereto as Exhibit I. Notwithstanding the foregoing, in calculating the IRR Amount, (i) all amounts paid to First Lender other than principal, Minimum Interest, Additional Interest and Participating Interest shall be disregarded and (ii) all amounts paid to Second Lender other than principal, Base Interest and previous payments of Additional IRR Interest shall be disregarded.
IRR Amount such additional amount (if any) in addition to the Recaptured New Markets Tax Credits and Disallowed New Markets Tax Credits as shall be required to cause USBCDC to have received, on an After-Tax Basis, an “Internal Rate of Return” (as defined and calculated in the same manner as provided for in the Financial Projections) of [7.14%] (representing USBCDC’s projected return from its investment in the Investment Fund), taking into account (in lieu of USBCDC’s receipt of the New Markets Tax Credits) such expenses resulting from, and the effect of, the recapture of the New Markets Tax Credits and the receipt of the cash payments provided for herein, and utilizing the same assumptions and methodology as used in the Financial Projections (including, but not limited to, tax rates, and timing of New Markets Tax Credit recognition).