Realized IRR definition

Realized IRR means, at any time, the internal pre-tax rate of return realized by BXLS, calculated using the XIRR function in Microsoft Excel, and taking into consideration the amount and date of the BXLS Development Payment made by BXLS and the amounts and dates of Product Payments made to BXLS (excluding any over-payments refunded to Reata pursuant to Section 6.2 or Section 6.8), and assuming that any amounts payable to BXLS pursuant to Sections 6.1.1 and 6.1.2 as of the end of a particular Calendar Year are paid on March 1 of the next Calendar Year, and provided that if any such amounts payable to BXLS pursuant to Sections 6.1.1 and 6.1.2 as of the end of a particular Calendar Year are not paid on or before March 1 of the next Calendar Year, then such unpaid amounts shall not be assumed to have been paid at the end of such Calendar Year.
View Source
Realized IRR means the Realizable IRR with respect to such Liquidity Event.
View Source
Realized IRR means, at any time in connection with either (x) a Liquid Change of Control or (y) a Liquid Public Offering in which the holders of the Warrants and/or Warrant Shares do, in fact, sell such Warrants and Warrant Shares in connection therewith, that actual internal rate of return realized in respect of the Notes, the Warrants and the Warrant Shares, calculated in accordance with generally accepted financial practice, such calculation to be made based on the following assumptions:
View Source

Examples of Realized IRR in a sentence

  • In the event that any holder makes such a demand, the calculation of the Realizable IRR or Realized IRR by the Valuation Agent shall be conclusive in the absence of manifest error.

  • In the event that any holder makes such a demand, the calculation of the Realized IRR by the Valuation Agent shall be conclusive in the absence of manifest error.

  • In the event that any holder of Notes shall disagree with the calculation of the Realized IRR set forth by the Company in the notice given pursuant to Section 1.6(b), such holder, by notice to the Company in writing given at least ten (10) days prior to the payment date specified in the notice given pursuant to Section 1.6(b), may demand that the Company obtain a calculation of the Realized IRR by a Valuation Agent.