Leveraged IRR definition
Leveraged IRR means Developer’s compounded rate of return on funds invested in, from January 1, 2022 forward, and accounts for Developer’s cash flows after accounting for loan proceeds, debt service obligations, and mortgage payoffs associated with developing, owning and selling the entirety of the project that is the basis for the modeling used to prepare the GAP Analysis set forth in Exhibit B-1. The Parties agree that the final Leveraged IRR shall be calculated upon Confluence providing the necessary information to the TEC (as defined below) after the Project financing has been obtained, and the TEC shall thereafter use Microsoft Excel’s XIRR function, or comparable spreadsheet software to calculate the Leveraged IRR.
Leveraged IRR means Developer's compounded rate of return on funds invested in, from January 1, 2019, forward, and received solely for the development of the Apartments; reflects Developer's use of debt to finance the multifamily development; and accounts for Developer's cash flows after accounting for loan proceeds, debt service obligations, and mortgage payoffs associated with developing, owning, and selling the multifamily development. The Leveraged IRR shall be calculated using Microsoft Excel's XIRR function, or comparable spreadsheet software.
Leveraged IRR means the annual discount rate at which the net present value of the projected capital contributions to and distributions from a Venture equals zero, calculated for each such capital contribution from the date such capital contribution was made, based on the actual number of days elapsed over a 365 or 366 day year, as the case may be, using the XIRR formula utilized in the most recent version of Microsoft Excel from time to time.