Return Cap definition

Return Cap means, as of any date of determination, (i) an amount equal to 180.0% of the Purchase Price (i.e., $270,000,000) or (ii) if the Purchaser has not received the amount set forth in clause (i) on or before the 8th (eighth) anniversary of the Closing Date, an amount equal to 190.0% of the Purchase Price (i.e., $285,000,000).
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Return Cap means, as of any date of determination, (i) an amount equal to 165.0% of the Cumulative Purchaser Payments or (ii) if the Purchasers have not received the amount set forth in clause (i) on or before the ten-year anniversary of the Effective Date, an amount equal to 175.0% of the Cumulative Purchaser Payments. For the avoidance of doubt:
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Return Cap means, as of any date of determination, (i) an amount equal to 165.0% of the Cumulative Purchaser Payments or (ii) if the Purchasers have not received the amount set forth in clause (i) on or before the ten-year anniversary of the Effective Date, an amount equal to 175.0% of the Cumulative Purchaser Payments. For the avoidance of doubt: Cumulative Purchaser Payments Return Cap (on or prior to the 10th anniversary of the Effective Date) Return Cap (after 10th anniversary of Effective Date) $125,000,000 $206,250,000 $218,750,000 $200,000,000 $330,000,000 $350,000,000 $250,000,000 $412,500,000 $437,500,000
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Examples of Return Cap in a sentence

  • For any Reference Period in which the Periodic Return is greater than the Return Cap, the Periodic Return for that Reference Period will be deemed to be the Return Cap.

  • On the pricing date, the Corporation set a cap of 7.00%, or the "Return Cap," which limits any increases in the Periodic Return of the S&P 500® Index to that rate.

  • On the Pricing Date, the Corporation set a cap of 9.85%, or the "Return Cap," which limits any increases in the Periodic Return of the Nasdaq-100 Index® to that rate.

  • Any Minimum Cash Make-Whole Funding paid by Investor shall be deemed to be Development Costs, including for purposes of any adjustments to Fixed Success Payments and the Fixed Return Cap made under Section 6.3.

  • On the pricing date, the Corporation set a cap of 8.00%, or the "Return Cap," which limits any increases in the Periodic Return of the AMEX Biotechnology Index to that rate.

  • On the Pricing Date, the Corporation set a cap of 11.00%, or the "Return Cap," which limits any increases in the Periodic Return of the Nasdaq-100 Index® to that rate.

  • Promptly (but in any event within two (2) Business Days) following the occurrence of the Success Payment Trigger, Opthea shall execute and deliver to each Investor a Note in the principal amount equal to its Pro Rata Share of the Fixed Return Cap in the form attached hereto as Exhibit L (collectively, the “Notes”).

  • On the Pricing Date, the Corporation set a cap of 7.60%, or the "Return Cap," which limits any increases in the Periodic Return of the ▇▇▇▇▇▇▇ 2000® Index to that rate.

  • On the Pricing Date, the Corporation set a cap of 8.00%, or the "Return Cap," which limits any increases in the Periodic Return of the DJIASM to that rate.

  • In the event that the actual Development Costs paid by Investor hereunder are lower or greater than One Hundred and Seventy Million U.S. Dollars ($170,000,000) (including as a result of Investor paying to Opthea the Going Concern Funding), each Fixed Success Payment and the Fixed Return Cap will be multiplied by a fraction, the numerator of which is such actual Development Costs paid to Opthea by Investor hereunder and the denominator of which is One Hundred and Seventy Million U.S. Dollars ($170,000,000).

Related to Return Cap

  • Return Amount has the meaning specified in Paragraph 3(b).

  • Valuation Cap means $5,000,000.

  • Return Date means the date on which the Insured is scheduled to return to the point where the Trip started or to a different specified Return Destination. This date is specified in the travel documents.

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.

  • Return on Sales means the percentage equal to the Company’s or a business unit’s Operating Income before incentive compensation, divided by the Company’s or the business unit’s, as applicable, revenue, determined in accordance with generally accepted accounting principles.