Minimum Hurdle definition

Minimum Hurdle means $31.58, subject to adjustment as set forth in Section 8 below.
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Minimum Hurdle means $27.76, subject to adjustment as set forth in Section 8 below.
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Minimum Hurdle for each fiscal year means 25% of the average equity capital that has been invested in the Company during that fiscal year. For example, if $5,000,000 had been invested in the Company prior to the beginning of a particular fiscal year and an additional $2,000,000 was invested half-way through that year, the average equity capital for the year would be $5,000,000 + ($2,000,000 / 2) = $6,000,000 and the Minimum Hurdle would be $1,500,000. For that purpose, the first fiscal year of the Company shall be deemed to include the 12-month period ending with the last day of such fiscal year, even though the Company was not in existence throughout that period.
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Examples of Minimum Hurdle in a sentence

  • For the avoidance of doubt, the Performance Requirements will be treated as being satisfied for such amount only with respect to the first Performance Period for which the Reference Price equals the Minimum Hurdle (provided that no portion of the Performance Requirements were satisfied during any prior Performance Period).

  • For the avoidance of doubt, the Performance Requirements will be treated as being satisfied for such amount only with respect to the first Performance Period for which the Reference Price equals the Minimum Hurdle.

  • The Variable Fee for each year is currently based on the relationship between the Company's Adjusted Income and a specified Minimum Hurdle return on the amount of equity capital invested in the Company.

  • After the Minimum Hurdle Rate has been obtained, the Revenue derived from the CHOICE Lite Product accounts installed in connection with this Amendment, including subscription, advertising and sponsorship fees shall be divided as set forth in Article VII of the Original Agreement.

  • Because $36.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Appendix I Performance Period was $33.00 as per Hypotheticals 1 and 2 above), the Appendix I Performance Requirements for the Appendix I Performance Period commencing on July 2, 2017 were satisfied.

  • Because $33.00 is greater than the Reference Price Minimum Hurdle (which as of the end of such Appendix I Performance Period was $31.58), the Appendix I Performance Requirements for the Appendix I Performance Period commencing on October 1, 2016 were satisfied for $5,449,651.68 (which equals $5,000,000 + ($5,000,000 X (($33.00 - $31.58) / ($47.37 -$31.58))).

  • For the avoidance of doubt, the Appendix I Performance Requirements will be treated as being satisfied for such amount only with respect to the first Appendix I Performance Period for which the Reference Price equals the Minimum Hurdle (and only if the Appendix I Performance Requirements were not satisfied during any prior Appendix I Performance Period).

Related to Minimum Hurdle

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Level (ML) means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.